Wall Street brokerages expect that Care.com Inc (NYSE:CRCM) will post $41.36 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Care.com’s earnings. The highest sales estimate is $41.5 million and the lowest is $41.25 million. Care.com posted sales of $38.18 million during the same quarter last year, which would indicate a positive year over year growth rate of 8.3%. The company is expected to announce its next earnings results on Wednesday, July 26th.
On average, analysts expect that Care.com will report full year sales of $41.36 million for the current financial year, with estimates ranging from $172 million to $172.84 million. For the next year, analysts anticipate that the business will report sales of $189.7 million per share, with estimates ranging from $183 million to $195 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Care.com.
Care.com (NYSE:CRCM) last issued its quarterly earnings data on Wednesday, May 3rd. The information services provider reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.05. Care.com had a net margin of 2.35% and a negative return on equity of 1.53%. The firm had revenue of $43.37 million for the quarter, compared to analyst estimates of $42.50 million. During the same period in the prior year, the business posted $0.01 EPS. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year.
A number of brokerages have weighed in on CRCM. Zacks Investment Research raised shares of Care.com from a “hold” rating to a “strong-buy” rating and set a $13.00 price target on the stock in a research report on Wednesday, March 15th. Roth Capital set a $11.00 price target on shares of Care.com and gave the company a “hold” rating in a research report on Saturday, March 11th. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $11.63.
In other news, General Counsel Diane Musi sold 3,136 shares of Care.com stock in a transaction that occurred on Friday, March 10th. The shares were sold at an average price of $10.62, for a total transaction of $33,304.32. Following the sale, the general counsel now owns 60,245 shares in the company, valued at $639,801.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michael Echenberg sold 18,301 shares of Care.com stock in a transaction that occurred on Friday, March 10th. The shares were sold at an average price of $10.62, for a total transaction of $194,356.62. Following the sale, the chief financial officer now owns 30,406 shares in the company, valued at approximately $322,911.72. The disclosure for this sale can be found here. Insiders have sold 72,027 shares of company stock worth $811,042 in the last quarter. Insiders own 24.70% of the company’s stock.
Several hedge funds have recently bought and sold shares of the stock. Two Sigma Investments LP raised its stake in shares of Care.com by 8.7% in the fourth quarter. Two Sigma Investments LP now owns 95,906 shares of the information services provider’s stock worth $822,000 after buying an additional 7,664 shares during the period. Renaissance Technologies LLC raised its stake in shares of Care.com by 11.5% in the fourth quarter. Renaissance Technologies LLC now owns 630,100 shares of the information services provider’s stock worth $5,400,000 after buying an additional 65,200 shares during the period. Allianz Asset Management AG raised its stake in shares of Care.com by 0.3% in the fourth quarter. Allianz Asset Management AG now owns 159,708 shares of the information services provider’s stock worth $1,369,000 after buying an additional 520 shares during the period. Royce & Associates LP raised its stake in shares of Care.com by 2.5% in the fourth quarter. Royce & Associates LP now owns 1,567,703 shares of the information services provider’s stock worth $13,435,000 after buying an additional 37,548 shares during the period. Finally, Oxford Asset Management bought a new stake in shares of Care.com during the fourth quarter worth about $183,000. Institutional investors own 63.40% of the company’s stock.
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Shares of Care.com (NYSE:CRCM) traded down 1.34% during midday trading on Friday, reaching $13.98. 202,850 shares of the company traded hands. The company’s 50 day moving average is $12.08 and its 200-day moving average is $9.81. The stock’s market capitalization is $411.07 million. Care.com has a 12 month low of $7.30 and a 12 month high of $14.40.
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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