Blucora (BCOR) Posts Quarterly Earnings Results, Beats Estimates By $0.13 EPS

Blucora (NASDAQ:BCOR) released its quarterly earnings results on Thursday. The information services provider reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.25) by $0.13, Bloomberg Earnings reports. The firm had revenue of $97.85 million for the quarter, compared to analysts’ expectations of $91.99 million. Blucora had a negative net margin of 0.46% and a positive return on equity of 11.94%. The business’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.18) earnings per share. Blucora updated its Q1 guidance to $0.92-1.02 EPS.

Shares of Blucora (NASDAQ:BCOR) remained flat at $$23.50 during trading hours on Thursday. The company’s stock had a trading volume of 548,400 shares, compared to its average volume of 369,184. Blucora has a 52 week low of $14.30 and a 52 week high of $26.15. The company has a market capitalization of $1,083.96, a PE ratio of -261.08, a price-to-earnings-growth ratio of 0.71 and a beta of -0.17. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.65.

Several research analysts have recently weighed in on the stock. BidaskClub raised shares of Blucora from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. TheStreet cut shares of Blucora from a “b-” rating to a “c” rating in a report on Monday, October 30th. ValuEngine raised shares of Blucora from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Benchmark reiterated a “buy” rating and issued a $30.00 target price on shares of Blucora in a research report on Monday, November 20th. Finally, Zacks Investment Research lowered shares of Blucora from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Blucora currently has an average rating of “Buy” and an average target price of $27.00.

A number of large investors have recently made changes to their positions in BCOR. Teachers Advisors LLC grew its position in Blucora by 1.0% in the second quarter. Teachers Advisors LLC now owns 74,603 shares of the information services provider’s stock worth $1,582,000 after acquiring an additional 717 shares in the last quarter. TIAA CREF Investment Management LLC grew its position in Blucora by 2.7% in the second quarter. TIAA CREF Investment Management LLC now owns 111,648 shares of the information services provider’s stock worth $2,367,000 after acquiring an additional 2,907 shares in the last quarter. Ameriprise Financial Inc. grew its position in Blucora by 22.9% in the second quarter. Ameriprise Financial Inc. now owns 336,121 shares of the information services provider’s stock worth $7,123,000 after acquiring an additional 62,661 shares in the last quarter. Nationwide Fund Advisors grew its position in Blucora by 1.8% in the second quarter. Nationwide Fund Advisors now owns 32,020 shares of the information services provider’s stock worth $679,000 after acquiring an additional 556 shares in the last quarter. Finally, BlackRock Inc. grew its position in Blucora by 0.6% in the second quarter. BlackRock Inc. now owns 4,950,094 shares of the information services provider’s stock worth $104,942,000 after acquiring an additional 28,279 shares in the last quarter. Institutional investors own 89.82% of the company’s stock.

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About Blucora

Blucora, Inc is a provider of technology-enabled financial solutions to consumers, small business owners and tax professionals. The Company operates through the Wealth Management and Tax Preparation segments. The Company’s Wealth Management segment consists of HD Vest, which provides financial advisors with an integrated platform of brokerage, investment advisory and insurance services to assist in making each financial advisor a financial service center for his/her clients The Company’s Tax Preparation segment provides digital do-it-yourself (DDIY) tax preparation solutions for consumers, small business owners and tax professionals.

Earnings History for Blucora (NASDAQ:BCOR)

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