Wall Street analysts expect that Care.com Inc (NYSE:CRCM) will announce $0.17 earnings per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Care.com’s earnings, with the highest EPS estimate coming in at $0.19 and the lowest estimate coming in at $0.13. Care.com posted earnings of $0.25 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 32%. The firm is scheduled to report its next quarterly earnings report before the market opens on Tuesday, February 27th.
According to Zacks, analysts expect that Care.com will report full-year earnings of $0.53 per share for the current financial year, with EPS estimates ranging from $0.50 to $0.56. For the next fiscal year, analysts expect that the company will post earnings of $0.63 per share, with EPS estimates ranging from $0.59 to $0.65. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Care.com.
Several analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Care.com from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. TheStreet raised shares of Care.com from a “c” rating to a “b-” rating in a report on Friday, November 17th. Finally, Roth Capital raised shares of Care.com from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $14.00 to $18.00 in a report on Thursday, November 2nd. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $17.67.
Institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC increased its holdings in shares of Care.com by 781.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,425 shares of the information services provider’s stock valued at $116,000 after purchasing an additional 5,696 shares in the last quarter. MetLife Investment Advisors LLC acquired a new stake in shares of Care.com in the fourth quarter valued at approximately $126,000. Wells Fargo & Company MN increased its holdings in shares of Care.com by 13.8% in the second quarter. Wells Fargo & Company MN now owns 11,711 shares of the information services provider’s stock valued at $176,000 after purchasing an additional 1,420 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Care.com by 47.6% in the second quarter. The Manufacturers Life Insurance Company now owns 11,801 shares of the information services provider’s stock valued at $179,000 after acquiring an additional 3,805 shares during the last quarter. Finally, Alliancebernstein L.P. bought a new position in Care.com in the second quarter valued at approximately $180,000. 73.16% of the stock is owned by institutional investors and hedge funds.
Care.com (NYSE:CRCM) traded up $0.11 during midday trading on Monday, hitting $17.35. 176,081 shares of the stock traded hands, compared to its average volume of 228,650. The firm has a market capitalization of $521.95, a price-to-earnings ratio of 216.88, a price-to-earnings-growth ratio of 2.57 and a beta of 1.01. Care.com has a 12 month low of $9.42 and a 12 month high of $20.88.
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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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