Analysts forecast that Care.com Inc (NYSE:CRCM) will post earnings per share (EPS) of $0.17 for the current quarter, Zacks reports. Three analysts have made estimates for Care.com’s earnings. The lowest EPS estimate is $0.17 and the highest is $0.18. Care.com posted earnings per share of $0.26 during the same quarter last year, which would indicate a negative year over year growth rate of 34.6%. The company is scheduled to announce its next quarterly earnings report on Thursday, March 5th.
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On average, analysts expect that Care.com will report full-year earnings of $0.49 per share for the current financial year, with EPS estimates ranging from $0.48 to $0.49. For the next financial year, analysts forecast that the business will report earnings of $0.52 per share, with EPS estimates ranging from $0.50 to $0.55. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Care.com.
Care.com (NYSE:CRCM) last posted its quarterly earnings data on Wednesday, November 6th. The information services provider reported $0.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.15. The business had revenue of $53.29 million for the quarter, compared to analysts’ expectations of $52.23 million. Care.com had a positive return on equity of 7.81% and a negative net margin of 7.61%. The business’s revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.18 EPS.
A number of brokerages have recently commented on CRCM. TheStreet cut Care.com from a “c” rating to a “d+” rating in a research report on Wednesday, August 7th. Stifel Nicolaus boosted their price target on Care.com from $10.00 to $12.00 and gave the stock a “hold” rating in a research report on Wednesday. ValuEngine raised Care.com from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. BTIG Research raised Care.com from a “neutral” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Wednesday, August 14th. Finally, Craig Hallum boosted their price target on Care.com from $9.00 to $13.00 and gave the stock an “in-line” rating in a research report on Thursday. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Care.com has a consensus rating of “Hold” and a consensus target price of $11.80.
In related news, CEO Sheila Lirio Marcelo sold 17,090 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $9.82, for a total value of $167,823.80. Following the completion of the transaction, the chief executive officer now directly owns 1,228,970 shares in the company, valued at approximately $12,068,485.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Chet Kapoor acquired 60,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was purchased at an average price of $9.09 per share, with a total value of $545,400.00. The disclosure for this purchase can be found here. Over the last three months, insiders sold 21,488 shares of company stock worth $211,012. Insiders own 28.10% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in Care.com by 5.0% in the 2nd quarter. BlackRock Inc. now owns 4,267,595 shares of the information services provider’s stock worth $46,857,000 after acquiring an additional 202,293 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Care.com by 17.6% in the 2nd quarter. Renaissance Technologies LLC now owns 2,386,200 shares of the information services provider’s stock worth $26,200,000 after acquiring an additional 357,500 shares during the last quarter. Cloverdale Capital Management LLC purchased a new position in Care.com in the 2nd quarter worth approximately $10,365,000. D. E. Shaw & Co. Inc. raised its holdings in Care.com by 136.3% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 423,405 shares of the information services provider’s stock worth $4,649,000 after acquiring an additional 244,188 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in Care.com by 6.9% in the 2nd quarter. AQR Capital Management LLC now owns 329,776 shares of the information services provider’s stock worth $3,621,000 after acquiring an additional 21,225 shares during the last quarter. Institutional investors own 83.96% of the company’s stock.
Care.com stock traded up $0.07 during trading hours on Tuesday, hitting $11.96. 290,774 shares of the stock traded hands, compared to its average volume of 553,129. The company has a current ratio of 2.85, a quick ratio of 2.85 and a debt-to-equity ratio of 0.20. The firm’s 50-day moving average price is $10.74 and its two-hundred day moving average price is $11.95. Care.com has a one year low of $7.61 and a one year high of $25.81. The company has a market cap of $391.87 million, a PE ratio of 33.22, a PEG ratio of 159.47 and a beta of 0.97.
Care.com Company Profile
Care.com, Inc operates an online marketplace for finding and managing family care in the United States and internationally. The company helps families to address their lifecycle of care needs, including child care, senior care, and special needs care, as well as other non-medical family care needs, such as pet care, tutoring, and housekeeping; and enables caregivers to find full-time and part-time employment opportunities.
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