Care.com (NYSE:CRCM) issued an update on its fourth quarter 2018 earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.20-0.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.23. The company issued revenue guidance of $49.6-50 million, compared to the consensus revenue estimate of $49.92 million.Care.com also updated its FY 2018 guidance to $0.69-0.69 EPS.

Shares of NYSE:CRCM opened at $18.11 on Friday. The firm has a market capitalization of $562.76 million, a price-to-earnings ratio of 67.07, a P/E/G ratio of 5.71 and a beta of 1.25. Care.com has a 52-week low of $15.14 and a 52-week high of $22.95.

Care.com (NYSE:CRCM) last issued its earnings results on Thursday, November 8th. The information services provider reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.19. The company had revenue of $49.20 million during the quarter, compared to analysts’ expectations of $49.22 million. Care.com had a return on equity of 15.34% and a net margin of 5.87%. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.18 EPS. As a group, equities research analysts anticipate that Care.com will post 0.21 earnings per share for the current year.

A number of research firms have recently weighed in on CRCM. Zacks Investment Research upgraded Care.com from a sell rating to a hold rating in a report on Monday, October 1st. ValuEngine upgraded Care.com from a buy rating to a strong-buy rating in a report on Friday, September 21st. Finally, Craig Hallum set a $24.00 price target on Care.com and gave the stock a buy rating in a report on Tuesday, July 31st. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $22.00.

In related news, insider David Krupinski sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $19.21, for a total transaction of $192,100.00. Following the completion of the transaction, the insider now directly owns 138,181 shares in the company, valued at approximately $2,654,457.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Diane Musi sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, October 3rd. The shares were sold at an average price of $22.11, for a total value of $663,300.00. Following the transaction, the general counsel now owns 52,919 shares of the company’s stock, valued at $1,170,039.09. The disclosure for this sale can be found here. Insiders have sold a total of 209,819 shares of company stock valued at $4,345,231 over the last 90 days. 30.90% of the stock is currently owned by company insiders.

A hedge fund recently raised its stake in Care.com stock. Bank of New York Mellon Corp boosted its position in shares of Care.com Inc (NYSE:CRCM) by 18.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 85,512 shares of the information services provider’s stock after acquiring an additional 13,062 shares during the quarter. Bank of New York Mellon Corp owned 0.27% of Care.com worth $1,785,000 at the end of the most recent quarter. 79.22% of the stock is currently owned by institutional investors.

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About Care.com

Care.com, Inc operates an online marketplace for finding and managing family care in the United States and internationally. The company helps families to address their lifecycle of care needs, including child care, senior care, and special needs care, as well as other non-medical family care needs, such as pet care, tutoring, and housekeeping; and enables caregivers to find full-time and part-time employment opportunities.

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