Care.com (NYSE:CRCM) Releases FY19 Earnings Guidance

Care.com (NYSE:CRCM) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.49-0.52 for the period, compared to the Thomson Reuters consensus estimate of $0.56. The company issued revenue guidance of $206.5-208 million, compared to the consensus revenue estimate of $218.75 million.Care.com also updated its FY 2019 guidance to $0.49-0.52 EPS.

Shares of NYSE CRCM traded up $0.05 during mid-day trading on Friday, hitting $8.90. 13,763 shares of the stock were exchanged, compared to its average volume of 744,201. The firm has a market cap of $251.04 million, a P/E ratio of 24.78 and a beta of 0.92. The firm’s fifty day moving average price is $11.26. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.75 and a current ratio of 2.85. Care.com has a twelve month low of $7.61 and a twelve month high of $25.81.

Care.com (NYSE:CRCM) last released its quarterly earnings results on Tuesday, August 6th. The information services provider reported $0.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.01. Care.com had a negative net margin of 7.61% and a positive return on equity of 7.81%. The business had revenue of $51.00 million for the quarter, compared to analysts’ expectations of $52.20 million. During the same period in the prior year, the firm earned $0.14 earnings per share. Care.com’s revenue was up 10.9% compared to the same quarter last year.

Several analysts have recently commented on the stock. Zacks Investment Research raised shares of Care.com from a hold rating to a buy rating and set a $12.00 price target on the stock in a research note on Tuesday, July 9th. Stifel Nicolaus reissued a hold rating and set a $17.00 price target on shares of Care.com in a research note on Thursday, May 9th. Roth Capital reissued a neutral rating and set a $10.00 price target (down from $17.00) on shares of Care.com in a research note on Tuesday. ValuEngine raised shares of Care.com from a sell rating to a hold rating in a research note on Thursday, August 1st. Finally, BTIG Research reissued a hold rating on shares of Care.com in a research note on Wednesday, June 26th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $13.17.

In other Care.com news, CEO Sheila Lirio Marcelo sold 9,805 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $14.37, for a total value of $140,897.85. Following the transaction, the chief executive officer now directly owns 1,221,974 shares of the company’s stock, valued at $17,559,766.38. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider David Krupinski sold 3,052 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $14.37, for a total transaction of $43,857.24. Following the completion of the transaction, the insider now directly owns 152,303 shares in the company, valued at $2,188,594.11. The disclosure for this sale can be found here. Insiders have sold 21,273 shares of company stock worth $305,693 over the last three months. 28.10% of the stock is owned by insiders.

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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