Blucora (NASDAQ:BCOR) issued an update on its FY 2019 earnings guidance on Wednesday morning. The company provided EPS guidance of $1.84-2.04 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.12. The company issued revenue guidance of $710-724 million, compared to the consensus revenue estimate of $689.5 million.Blucora also updated its FY19 guidance to $1.84-2.04 EPS.
Shares of BCOR traded down $0.31 during midday trading on Friday, reaching $23.37. 390,488 shares of the company were exchanged, compared to its average volume of 317,362. The company’s 50-day moving average is $29.26. The stock has a market capitalization of $1.28 billion, a P/E ratio of 15.38, a price-to-earnings-growth ratio of 0.71 and a beta of 0.58. Blucora has a 1-year low of $22.93 and a 1-year high of $41.35. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.43 and a current ratio of 2.05.
Blucora (NASDAQ:BCOR) last issued its quarterly earnings data on Wednesday, August 7th. The information services provider reported $0.83 EPS for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.12. The company had revenue of $193.70 million for the quarter, compared to analysts’ expectations of $191.26 million. Blucora had a return on equity of 14.94% and a net margin of 10.27%. The firm’s quarterly revenue was up 22.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.97 earnings per share. Analysts anticipate that Blucora will post 1.85 EPS for the current year.
BCOR has been the topic of a number of recent research reports. Zacks Investment Research cut Blucora from a buy rating to a hold rating in a research note on Thursday, August 1st. ValuEngine cut Blucora from a buy rating to a hold rating in a research note on Saturday, May 18th. Finally, BidaskClub cut Blucora from a sell rating to a strong sell rating in a research note on Thursday. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $39.67.
In other news, insider John David Palmer sold 4,606 shares of Blucora stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $31.63, for a total transaction of $145,687.78. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William L. Atwell sold 4,126 shares of Blucora stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $32.22, for a total value of $132,939.72. Following the sale, the director now directly owns 41,080 shares in the company, valued at $1,323,597.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 86,914 shares of company stock worth $2,731,887. Corporate insiders own 3.40% of the company’s stock.
Blucora Company Profile
Blucora, Inc provides technology-enabled financial solutions to consumers, small business owners, and tax professionals in the United States. The company operates through two segments, Wealth Management and Tax Preparation. The Wealth Management segment offers an integrated platform of brokerage, investment advisory, and insurance services to financial advisors.
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