Wall Street analysts expect Care.com, Inc. (NYSE:CRCM) to report $41.32 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Care.com’s earnings. The highest sales estimate is $41.50 million and the lowest is $41.18 million. Care.com reported sales of $38.18 million in the same quarter last year, which suggests a positive year over year growth rate of 8.2%. The firm is scheduled to report its next earnings report before the market opens on Thursday, August 10th.
According to Zacks, analysts expect that Care.com will report full-year sales of $41.32 million for the current fiscal year, with estimates ranging from $172.00 million to $172.84 million. For the next financial year, analysts anticipate that the business will report sales of $189.71 million per share, with estimates ranging from $183.00 million to $195.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Care.com.
Care.com (NYSE:CRCM) last posted its quarterly earnings data on Wednesday, May 3rd. The information services provider reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.05. Care.com had a net margin of 0.67% and a return on equity of 3.79%. The business had revenue of $43.37 million during the quarter, compared to analyst estimates of $42.50 million. During the same quarter in the previous year, the business posted $0.01 earnings per share. The company’s revenue was up 10.4% on a year-over-year basis.
CRCM has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Care.com from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a report on Wednesday, July 12th. Roth Capital set a $14.00 price target on shares of Care.com and gave the stock a “hold” rating in a research report on Monday, June 12th. Finally, BidaskClub lowered shares of Care.com from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th.
Shares of Care.com (NYSE:CRCM) traded up 1.31% during trading on Friday, reaching $14.72. 160,491 shares of the company traded hands. Care.com has a 12 month low of $7.51 and a 12 month high of $16.07. The firm has a 50-day moving average price of $14.93 and a 200-day moving average price of $12.59. The firm’s market capitalization is $432.83 million.
In other news, General Counsel Diane Musi sold 9,990 shares of the stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $15.48, for a total value of $154,645.20. Following the completion of the sale, the general counsel now directly owns 34,450 shares of the company’s stock, valued at $533,286. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael Echenberg sold 6,547 shares of the stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $14.38, for a total transaction of $94,145.86. Following the completion of the sale, the chief financial officer now directly owns 22,438 shares of the company’s stock, valued at $322,658.44. The disclosure for this sale can be found here. Insiders sold 50,270 shares of company stock valued at $725,269 over the last three months. 24.70% of the stock is owned by insiders.
Hedge funds have recently bought and sold shares of the company. American International Group Inc. raised its stake in Care.com by 6.3% in the first quarter. American International Group Inc. now owns 9,782 shares of the information services provider’s stock valued at $122,000 after buying an additional 583 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Care.com by 3.8% in the first quarter. Bank of New York Mellon Corp now owns 73,022 shares of the information services provider’s stock valued at $914,000 after buying an additional 2,700 shares during the last quarter. UBS Group AG raised its stake in Care.com by 9.0% in the first quarter. UBS Group AG now owns 37,460 shares of the information services provider’s stock valued at $469,000 after buying an additional 3,080 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in Care.com by 23.6% in the first quarter. Parametric Portfolio Associates LLC now owns 23,270 shares of the information services provider’s stock valued at $291,000 after buying an additional 4,442 shares during the last quarter. Finally, State Street Corp raised its stake in Care.com by 2.2% in the fourth quarter. State Street Corp now owns 260,904 shares of the information services provider’s stock valued at $2,239,000 after buying an additional 5,505 shares during the last quarter. 72.44% of the stock is owned by institutional investors and hedge funds.
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Care.com Company Profile
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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