Care.com (CRCM) Issues FY 2019 Earnings Guidance

Share on StockTwits

Care.com (NYSE:CRCM) issued an update on its FY 2019 earnings guidance on Thursday morning. The company provided EPS guidance of $0.73-0.78 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.77. The company issued revenue guidance of $217-221 million, compared to the consensus revenue estimate of $218.95 million.Care.com also updated its FY19 guidance to $0.73-0.78 EPS.

Shares of Care.com stock opened at $22.80 on Friday. The stock has a market capitalization of $801.60 million, a P/E ratio of 84.44, a P/E/G ratio of 5.80 and a beta of 1.09. Care.com has a twelve month low of $15.14 and a twelve month high of $25.81.

Care.com (NYSE:CRCM) last issued its quarterly earnings results on Thursday, March 7th. The information services provider reported $0.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.05. Care.com had a net margin of 6.58% and a return on equity of 13.15%. The firm had revenue of $49.80 million for the quarter, compared to analyst estimates of $49.95 million. During the same period last year, the company posted $0.32 EPS. Care.com’s quarterly revenue was up 12.7% compared to the same quarter last year. As a group, equities analysts anticipate that Care.com will post 0.26 earnings per share for the current fiscal year.

CRCM has been the topic of a number of research reports. BTIG Research initiated coverage on shares of Care.com in a research note on Tuesday, November 13th. They issued a buy rating and a $23.00 target price on the stock. Roth Capital raised their target price on shares of Care.com from $24.00 to $30.00 and gave the stock a buy rating in a research note on Thursday, February 14th. Zacks Investment Research raised shares of Care.com from a hold rating to a buy rating and set a $23.00 target price on the stock in a research note on Monday, January 7th. Finally, ValuEngine raised shares of Care.com from a buy rating to a strong-buy rating in a research note on Friday, December 21st. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Care.com currently has a consensus rating of Buy and an average target price of $24.60.

In other Care.com news, General Counsel Diane Musi sold 3,221 shares of the firm’s stock in a transaction that occurred on Tuesday, December 11th. The shares were sold at an average price of $16.85, for a total value of $54,273.85. Following the completion of the transaction, the general counsel now owns 25,331 shares of the company’s stock, valued at approximately $426,827.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Michael Echenberg sold 6,615 shares of the firm’s stock in a transaction that occurred on Tuesday, December 11th. The shares were sold at an average price of $16.85, for a total transaction of $111,462.75. Following the completion of the transaction, the chief financial officer now directly owns 36,205 shares of the company’s stock, valued at approximately $610,054.25. The disclosure for this sale can be found here. Insiders sold a total of 164,094 shares of company stock valued at $3,241,316 in the last three months. 30.90% of the stock is currently owned by corporate insiders.

TRADEMARK VIOLATION WARNING: “Care.com (CRCM) Issues FY 2019 Earnings Guidance” was reported by Ticker Report and is the sole property of of Ticker Report. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The legal version of this article can be read at https://www.tickerreport.com/banking-finance/4206725/care-com-crcm-issues-fy-2019-earnings-guidance.html.

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.

See Also: Debt-To-Equity Ratio

Receive News & Ratings for Care.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Care.com and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Bessemer Group Inc. Cuts Stake in TransDigm Group Incorporated
Bessemer Group Inc. Cuts Stake in TransDigm Group Incorporated
Amazon.com, Inc.  is Belpointe Asset Management LLC’s 9th Largest Position
Amazon.com, Inc. is Belpointe Asset Management LLC’s 9th Largest Position
Basswood Capital Management L.L.C. Acquires Shares of 16,315 Garrett Motion Inc
Basswood Capital Management L.L.C. Acquires Shares of 16,315 Garrett Motion Inc
Diversified Trust Co Decreases Position in Johnson & Johnson
Diversified Trust Co Decreases Position in Johnson & Johnson
Cape Cod Five Cents Savings Bank Buys 802 Shares of Visa Inc
Cape Cod Five Cents Savings Bank Buys 802 Shares of Visa Inc
Walt Disney Co  Shares Bought by Flagship Harbor Advisors LLC
Walt Disney Co Shares Bought by Flagship Harbor Advisors LLC


Leave a Reply

© 2006-2019 Ticker Report