Zacks: Analysts Anticipate Care.com Inc (NYSE:CRCM) Will Post Quarterly Sales of $52.19 Million

Equities analysts expect Care.com Inc (NYSE:CRCM) to announce sales of $52.19 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Care.com’s earnings. The lowest sales estimate is $52.11 million and the highest is $52.30 million. Care.com posted sales of $45.97 million in the same quarter last year, which would indicate a positive year over year growth rate of 13.5%. The company is expected to issue its next quarterly earnings report on Monday, July 29th.

On average, analysts expect that Care.com will report full-year sales of $219.31 million for the current financial year, with estimates ranging from $219.09 million to $219.60 million. For the next year, analysts expect that the company will post sales of $246.85 million, with estimates ranging from $245.50 million to $248.00 million. Zacks’ sales averages are an average based on a survey of research firms that cover Care.com.

Care.com (NYSE:CRCM) last announced its quarterly earnings data on Thursday, May 9th. The information services provider reported $0.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.17. Care.com had a net margin of 24.80% and a return on equity of 7.81%. The firm had revenue of $53.30 million during the quarter, compared to analysts’ expectations of $52.75 million. During the same quarter last year, the business earned $0.19 earnings per share. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year.

Several analysts recently commented on CRCM shares. ValuEngine upgraded shares of Care.com from a “hold” rating to a “buy” rating in a research note on Thursday, April 25th. Roth Capital cut their target price on shares of Care.com from $30.00 to $21.00 and set a “buy” rating for the company in a research report on Friday, May 10th. Craig Hallum cut their target price on shares of Care.com from $28.00 to $18.00 and set a “buy” rating for the company in a research report on Friday, May 10th. TheStreet cut shares of Care.com from a “b” rating to a “c+” rating in a research report on Thursday, May 9th. Finally, Stifel Nicolaus restated a “hold” rating and set a $17.00 target price on shares of Care.com in a research report on Thursday, May 9th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Care.com presently has a consensus rating of “Hold” and a consensus price target of $19.37.

In other Care.com news, insider David Krupinski sold 3,052 shares of Care.com stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $14.37, for a total transaction of $43,857.24. Following the completion of the transaction, the insider now owns 152,303 shares in the company, valued at $2,188,594.11. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Michael Echenberg sold 7,621 shares of Care.com stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $14.37, for a total transaction of $109,513.77. Following the transaction, the chief financial officer now owns 49,869 shares of the company’s stock, valued at approximately $716,617.53. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,509 shares of company stock valued at $489,953. 28.10% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Oppenheimer Asset Management Inc. purchased a new stake in Care.com in the fourth quarter valued at approximately $31,000. BNP Paribas Arbitrage SA grew its stake in Care.com by 82,800.0% during the first quarter. BNP Paribas Arbitrage SA now owns 4,145 shares of the information services provider’s stock worth $82,000 after buying an additional 4,140 shares during the period. Great West Life Assurance Co. Can purchased a new stake in Care.com during the fourth quarter worth approximately $96,000. Metropolitan Life Insurance Co. NY grew its stake in Care.com by 263.6% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,337 shares of the information services provider’s stock worth $103,000 after buying an additional 3,869 shares during the period. Finally, LS Investment Advisors LLC purchased a new stake in Care.com during the first quarter worth approximately $125,000. Institutional investors and hedge funds own 86.59% of the company’s stock.

Shares of NYSE CRCM opened at $11.45 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.75 and a quick ratio of 2.75. Care.com has a 52 week low of $13.52 and a 52 week high of $25.81. The company has a 50-day moving average of $14.52. The firm has a market capitalization of $451.75 million, a PE ratio of 31.81 and a beta of 1.30.

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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