Analysts Anticipate Care.com, Inc. (CRCM) to Post $0.08 EPS
Equities analysts expect that Care.com, Inc. (NYSE:CRCM) will report earnings of $0.08 per share for the current quarter, according to Zacks. Four analysts have made estimates for Care.com’s earnings, with the lowest EPS estimate coming in at $0.06 and the highest estimate coming in at $0.09. Care.com posted earnings of $0.02 per share during the same quarter last year, which would suggest a positive year over year growth rate of 300%. The business is scheduled to report its next earnings results on Tuesday, November 7th.
On average, analysts expect that Care.com will report full year earnings of $0.41 per share for the current year, with EPS estimates ranging from $0.39 to $0.45. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.49 per share, with EPS estimates ranging from $0.42 to $0.57. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Care.com.
Care.com (NYSE:CRCM) last released its quarterly earnings data on Thursday, August 10th. The information services provider reported $0.11 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.15. Care.com had a net margin of 3.66% and a return on equity of 10.98%. The firm had revenue of $42 million during the quarter, compared to analysts’ expectations of $41.34 million. During the same period in the previous year, the business posted ($0.03) earnings per share. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year.
CRCM has been the topic of a number of research reports. Zacks Investment Research raised Care.com from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a report on Wednesday, July 19th. BidaskClub cut Care.com from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. Roth Capital set a $14.00 price target on Care.com and gave the stock a “hold” rating in a research note on Monday, June 12th. Finally, Stifel Nicolaus lifted their price target on Care.com from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Friday, August 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $15.00.
In other news, insider David Krupinski sold 3,439 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $14.38, for a total transaction of $49,452.82. Following the transaction, the insider now directly owns 172,672 shares of the company’s stock, valued at $2,483,023.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Diane Musi sold 9,990 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $15.48, for a total value of $154,645.20. Following the transaction, the general counsel now directly owns 34,450 shares in the company, valued at $533,286. The disclosure for this sale can be found here. Insiders have sold 44,095 shares of company stock worth $651,424 over the last three months. Insiders own 24.70% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Thompson Davis & CO. Inc. acquired a new position in Care.com during the second quarter valued at about $102,000. American International Group Inc. boosted its position in Care.com by 6.3% in the first quarter. American International Group Inc. now owns 9,782 shares of the information services provider’s stock valued at $122,000 after buying an additional 583 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Care.com during the first quarter valued at about $137,000. HighTower Advisors LLC acquired a new position in Care.com during the first quarter valued at about $137,000. Finally, D.A. Davidson & CO. acquired a new position in Care.com during the second quarter valued at about $139,000. 74.55% of the stock is currently owned by hedge funds and other institutional investors.
Care.com (CRCM) traded up 1.07% during trading on Friday, reaching $15.13. 100,794 shares of the company’s stock were exchanged. The firm’s 50-day moving average price is $14.92 and its 200-day moving average price is $13.56. Care.com has a 12 month low of $7.51 and a 12 month high of $16.50. The firm has a market cap of $450.40 million, a price-to-earnings ratio of 605.20 and a beta of 0.92.
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Care.com Company Profile
Care.com, Inc is an online marketplace for finding and managing family care. As of December 31, 2016, the Company had 22.8 million members, including 12.9 million families and 9.9 million caregivers, spanning 19 countries. Its consumer matching solutions allow families to search for, qualify, vet, connect with and select caregivers.
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