Nuance Communications (NASDAQ:NUAN) updated its FY 2019 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.02-1.10 for the period, compared to the Thomson Reuters consensus estimate of $1.17. The company issued revenue guidance of $1.8-1.83 billion, compared to the consensus revenue estimate of $1.86 billion.Nuance Communications also updated its Q4 2019 guidance to $0.24-0.30 EPS.
Several equities research analysts recently issued reports on the stock. BidaskClub lowered shares of Nuance Communications from a sell rating to a strong sell rating in a report on Monday, June 24th. ValuEngine lowered shares of Nuance Communications from a buy rating to a hold rating in a report on Friday, June 21st. Wedbush reaffirmed a buy rating and set a $22.00 price target on shares of Nuance Communications in a report on Wednesday, July 24th. Finally, Zacks Investment Research lowered shares of Nuance Communications from a buy rating to a hold rating in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $19.00.
NUAN traded up $0.04 during trading on Friday, reaching $16.64. 2,456,048 shares of the company’s stock were exchanged, compared to its average volume of 1,581,180. Nuance Communications has a one year low of $12.66 and a one year high of $18.16. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $4.41 billion, a PE ratio of 20.54, a PEG ratio of 3.85 and a beta of 0.91. The stock has a fifty day moving average price of $16.24.
Nuance Communications (NASDAQ:NUAN) last posted its earnings results on Wednesday, May 8th. The software maker reported $0.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.13). Nuance Communications had a return on equity of 14.19% and a net margin of 3.88%. The business had revenue of $451.00 million for the quarter, compared to the consensus estimate of $449.90 million. During the same period in the previous year, the firm earned $0.27 earnings per share. The company’s revenue was down 3.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Nuance Communications will post 0.79 earnings per share for the current year.
In other Nuance Communications news, EVP Thomas L. Beaudoin sold 8,301 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $17.05, for a total transaction of $141,532.05. Following the sale, the executive vice president now directly owns 293,294 shares of the company’s stock, valued at approximately $5,000,662.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Robert Weideman sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $16.53, for a total transaction of $99,180.00. Following the sale, the executive vice president now directly owns 432,959 shares in the company, valued at $7,156,812.27. The disclosure for this sale can be found here. Insiders have sold a total of 95,998 shares of company stock worth $1,638,290 over the last three months. Insiders own 0.68% of the company’s stock.
About Nuance Communications
Nuance Communications, Inc provides voice recognition and natural language understanding solutions worldwide. It operates through five segments: Healthcare, Automotive, Enterprise, Imaging, and Other. The Healthcare segment offers clinical speech and clinical language understanding solutions, such as Dragon Medical, a dictation software that allow physicians to capture and document patient care in real-time; transcription solutions, which enable physicians to streamline clinical documentation with a transcription platforms; clinical document improvement and coding solutions; diagnostic solutions that allow radiologists to document, collaborate, and share medical images and reports; and professional and personal productivity solutions to business users and consumers.
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