Blucora Inc (BCOR) Forecasted to Earn Q1 2018 Earnings of $0.95 Per Share

Blucora Inc (NASDAQ:BCOR) – Equities research analysts at William Blair issued their Q1 2018 EPS estimates for shares of Blucora in a research report issued to clients and investors on Tuesday. William Blair analyst C. Shutler expects that the information services provider will post earnings of $0.95 per share for the quarter. William Blair has a “Outperform” rating and a $16.23 price target on the stock. William Blair also issued estimates for Blucora’s Q2 2018 earnings at $0.83 EPS, Q3 2018 earnings at ($0.20) EPS, Q4 2018 earnings at ($0.18) EPS, FY2018 earnings at $1.42 EPS and FY2019 earnings at $1.80 EPS.

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Blucora (NASDAQ:BCOR) last issued its earnings results on Thursday, February 15th. The information services provider reported ($0.12) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.25) by $0.13. The firm had revenue of $97.85 million for the quarter, compared to the consensus estimate of $91.99 million. Blucora had a return on equity of 11.22% and a net margin of 5.31%. The company’s revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the business posted ($0.18) EPS.

Other equities research analysts also recently issued research reports about the company. TheStreet raised Blucora from a “c” rating to a “b” rating in a report on Thursday, February 15th. ValuEngine raised Blucora from a “hold” rating to a “buy” rating in a report on Wednesday, February 28th. Benchmark reissued a “buy” rating and set a $32.00 price objective on shares of Blucora in a report on Friday, February 16th. Zacks Investment Research downgraded Blucora from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. Finally, BidaskClub raised Blucora from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. Blucora presently has a consensus rating of “Hold” and a consensus target price of $25.25.

Shares of Blucora (NASDAQ BCOR) opened at $23.55 on Friday. The firm has a market capitalization of $1,151.41, a price-to-earnings ratio of 40.60, a price-to-earnings-growth ratio of 0.80 and a beta of -0.10. Blucora has a twelve month low of $16.65 and a twelve month high of $26.15. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.62.

In other Blucora news, insider John S. Clendening sold 77,750 shares of Blucora stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $24.33, for a total transaction of $1,891,657.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider John S. Clendening sold 28,800 shares of Blucora stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $24.85, for a total value of $715,680.00. Following the transaction, the insider now directly owns 645,548 shares in the company, valued at $16,041,867.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 175,272 shares of company stock worth $4,273,842. 14.10% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in BCOR. Crossmark Global Holdings Inc. acquired a new position in Blucora during the 3rd quarter worth about $204,000. Principal Financial Group Inc. lifted its holdings in Blucora by 26.3% during the 3rd quarter. Principal Financial Group Inc. now owns 415,468 shares of the information services provider’s stock worth $10,511,000 after buying an additional 86,611 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in Blucora by 65.6% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 24,788 shares of the information services provider’s stock worth $627,000 after buying an additional 9,815 shares during the period. Sei Investments Co. lifted its holdings in Blucora by 15,869.2% during the 3rd quarter. Sei Investments Co. now owns 4,152 shares of the information services provider’s stock worth $110,000 after buying an additional 4,126 shares during the period. Finally, Municipal Employees Retirement System of Michigan lifted its holdings in Blucora by 81.0% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 16,910 shares of the information services provider’s stock worth $428,000 after buying an additional 7,570 shares during the period. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

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About Blucora

Blucora, Inc is a provider of technology-enabled financial solutions to consumers, small business owners and tax professionals. The Company operates through the Wealth Management and Tax Preparation segments. The Company’s Wealth Management segment consists of HD Vest, which provides financial advisors with an integrated platform of brokerage, investment advisory and insurance services to assist in making each financial advisor a financial service center for his/her clients The Company’s Tax Preparation segment provides digital do-it-yourself (DDIY) tax preparation solutions for consumers, small business owners and tax professionals.

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