Care.com (NYSE:CRCM) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.13 for the period, compared to the Thomson Reuters consensus estimate of $0.13. The company issued revenue guidance of $46.5-47 million, compared to the consensus revenue estimate of $47.59 million.Care.com also updated its FY18 guidance to $0.63-0.65 EPS.
Care.com (CRCM) opened at $19.19 on Tuesday. Care.com has a fifty-two week low of $9.42 and a fifty-two week high of $20.88. The company has a market cap of $558.35, a PE ratio of 125.14, a PEG ratio of 2.75 and a beta of 1.01.
Care.com (NYSE:CRCM) last posted its earnings results on Tuesday, February 27th. The information services provider reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.15. The firm had revenue of $44.22 million during the quarter, compared to analyst estimates of $44.02 million. Care.com had a net margin of 4.46% and a return on equity of 17.27%. Care.com’s revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.20 EPS. research analysts predict that Care.com will post 0.31 EPS for the current year.
In other Care.com news, insider Sheila Lirio Marcelo sold 15,000 shares of the business’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $19.97, for a total transaction of $299,550.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Michael Echenberg sold 1,500 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $17.01, for a total transaction of $25,515.00. Following the transaction, the chief financial officer now directly owns 15,883 shares of the company’s stock, valued at $270,169.83. The disclosure for this sale can be found here. Insiders have sold a total of 159,374 shares of company stock valued at $2,910,581 over the last three months. 35.90% of the stock is currently owned by company insiders.
An institutional investor recently raised its position in Care.com stock. The Manufacturers Life Insurance Company grew its stake in shares of Care.com Inc (NYSE:CRCM) by 47.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,801 shares of the information services provider’s stock after buying an additional 3,805 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Care.com were worth $179,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 73.16% of the company’s stock.
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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