Care.com Inc (CRCM) Expected to Announce Quarterly Sales of $52.19 Million

Brokerages expect Care.com Inc (NYSE:CRCM) to announce $52.19 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Care.com’s earnings, with estimates ranging from $52.11 million to $52.30 million. Care.com reported sales of $45.97 million in the same quarter last year, which indicates a positive year over year growth rate of 13.5%. The company is scheduled to announce 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 fiscal year, with estimates ranging from $219.09 million to $219.60 million. For the next financial year, analysts anticipate that the firm will post sales of $246.85 million, with estimates ranging from $245.50 million to $248.00 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Care.com.

Care.com (NYSE:CRCM) last announced its quarterly earnings results on Thursday, May 9th. The information services provider reported $0.12 EPS for the quarter, beating the Zacks’ 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 the consensus estimate of $52.75 million. During the same quarter last year, the firm earned $0.19 EPS. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year.

A number of research analysts recently commented on CRCM shares. ValuEngine downgraded shares of Care.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 12th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $17.00 price target on shares of Care.com in a report on Thursday, May 9th. Roth Capital increased their price target on shares of Care.com from $24.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, February 14th. BTIG Research downgraded shares of Care.com from a “buy” rating to a “neutral” rating and set a $17.83 price target for the company. in a report on Monday, April 1st. Finally, Zacks Investment Research downgraded shares of Care.com from a “buy” rating to a “hold” rating in a report on Friday, March 8th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $19.37.

Shares of NYSE:CRCM traded up $0.10 during trading on Wednesday, reaching $14.80. The company’s stock had a trading volume of 510,789 shares, compared to its average volume of 488,317. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.14. Care.com has a 12 month low of $13.71 and a 12 month high of $25.81. The company has a market cap of $493.70 million, a price-to-earnings ratio of 41.11, a PEG ratio of 4.62 and a beta of 1.19.

In related news, insider Sheila Lirio Marcelo sold 55,046 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $19.92, for a total value of $1,096,516.32. Following the sale, the insider now directly owns 1,159,486 shares of the company’s stock, valued at approximately $23,096,961.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Diane Musi sold 5,055 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $19.95, for a total transaction of $100,847.25. Following the completion of the sale, the general counsel now directly owns 35,603 shares in the company, valued at $710,279.85. The disclosure for this sale can be found here. Insiders sold a total of 90,234 shares of company stock worth $1,758,120 over the last three months. 28.10% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. purchased a new position in shares of Care.com during the fourth quarter worth approximately $31,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Care.com during the fourth quarter worth approximately $43,000. BNP Paribas Arbitrage SA increased its position in shares of 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 acquiring an additional 4,140 shares during the period. Great West Life Assurance Co. Can purchased a new position in shares of Care.com during the fourth quarter worth approximately $96,000. Finally, Metropolitan Life Insurance Co. NY increased its position in shares of 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 acquiring an additional 3,869 shares during the period. 69.51% of the stock is currently owned by institutional investors.

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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