Care.com Inc (NYSE:CRCM) Expected to Announce Quarterly Sales of $50.65 Million

Analysts predict that Care.com Inc (NYSE:CRCM) will report sales of $50.65 million for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Care.com’s earnings, with the lowest sales estimate coming in at $50.48 million and the highest estimate coming in at $50.77 million. Care.com reported sales of $49.81 million in the same quarter last year, which indicates a positive year over year growth rate of 1.7%. The company is expected 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 sales of $207.20 million for the current year, with estimates ranging from $207.02 million to $207.37 million. For the next financial year, analysts expect that the firm will report sales of $223.90 million, with estimates ranging from $222.80 million to $226.03 million. Zacks’ sales calculations are an average based on a survey of analysts that cover Care.com.

Care.com (NYSE:CRCM) last released its quarterly earnings results on Wednesday, November 6th. The information services provider reported $0.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.15. Care.com had a negative net margin of 7.61% and a positive return on equity of 7.81%. The company had revenue of $53.29 million for the quarter, compared to analysts’ expectations of $52.23 million. During the same period last year, the company earned $0.18 EPS. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year.

Several research firms have issued reports on CRCM. BTIG Research raised shares of Care.com from a “neutral” rating to a “buy” rating and set a $13.00 price target on the stock in a research note on Wednesday, August 14th. Stifel Nicolaus raised their price target on shares of Care.com from $10.00 to $12.00 and gave the stock a “hold” rating in a research note on Wednesday. Roth Capital reaffirmed a “neutral” rating and set a $10.00 price target (down from $17.00) on shares of Care.com in a research note on Tuesday, August 6th. Craig Hallum raised their price target on shares of Care.com from $9.00 to $13.00 and gave the stock an “in-line” rating in a research note on Thursday. Finally, Zacks Investment Research cut shares of Care.com from a “buy” rating to a “hold” rating in a research note on Friday, October 4th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $11.80.

In other news, insider David Krupinski sold 3,120 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $9.82, for a total transaction of $30,638.40. Following the transaction, the insider now directly owns 154,635 shares in the company, valued at approximately $1,518,515.70. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Sheila Lirio Marcelo sold 17,090 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $9.82, for a total transaction of $167,823.80. Following the transaction, the chief executive officer now owns 1,228,970 shares in the company, valued at $12,068,485.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,488 shares of company stock worth $211,012. Insiders own 28.10% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Arizona State Retirement System raised its holdings in Care.com by 2.7% in the second quarter. Arizona State Retirement System now owns 41,311 shares of the information services provider’s stock valued at $454,000 after buying an additional 1,089 shares during the period. Texas Permanent School Fund raised its holdings in Care.com by 6.1% in the third quarter. Texas Permanent School Fund now owns 19,179 shares of the information services provider’s stock valued at $200,000 after buying an additional 1,105 shares during the period. State of Tennessee Treasury Department raised its holdings in Care.com by 4.4% in the third quarter. State of Tennessee Treasury Department now owns 28,654 shares of the information services provider’s stock valued at $300,000 after buying an additional 1,200 shares during the period. Comerica Bank raised its holdings in Care.com by 8.0% in the third quarter. Comerica Bank now owns 25,825 shares of the information services provider’s stock valued at $288,000 after buying an additional 1,913 shares during the period. Finally, Bank of America Corp DE raised its holdings in Care.com by 4.8% in the second quarter. Bank of America Corp DE now owns 52,715 shares of the information services provider’s stock valued at $578,000 after buying an additional 2,411 shares during the period. Institutional investors and hedge funds own 83.96% of the company’s stock.

Shares of Care.com stock traded up $0.07 during mid-day trading on Thursday, hitting $11.96. 290,774 shares of the stock were exchanged, compared to its average volume of 553,129. Care.com has a twelve month low of $7.61 and a twelve month high of $25.81. The stock has a market capitalization of $391.87 million, a price-to-earnings ratio of 33.22, a price-to-earnings-growth ratio of 159.47 and a beta of 0.97. The company has a 50-day simple moving average of $10.74 and a 200 day simple moving average of $11.95. The company has a current ratio of 2.85, a quick ratio of 2.85 and a debt-to-equity ratio of 0.20.

About Care.com

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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