Blucora (BCOR) Scheduled to Post Quarterly Earnings on Wednesday

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Blucora (NASDAQ:BCOR) will be issuing its quarterly earnings data before the market opens on Wednesday, August 7th. Analysts expect the company to announce earnings of $0.71 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Blucora (NASDAQ:BCOR) last posted its quarterly earnings results on Wednesday, May 8th. The information services provider reported $1.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.18. The company had revenue of $225.80 million during the quarter, compared to analyst estimates of $224.95 million. Blucora had a net margin of 11.57% and a return on equity of 16.14%. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.20 earnings per share. On average, analysts expect Blucora to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

BCOR opened at $26.43 on Tuesday. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 17.39, a P/E/G ratio of 0.77 and a beta of 0.58. The firm’s 50-day moving average is $29.73. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.43 and a current ratio of 2.43. Blucora has a fifty-two week low of $23.83 and a fifty-two week high of $41.35.

In other Blucora news, CEO John S. Clendening sold 10,000 shares of the company’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $29.23, for a total transaction of $292,300.00. Following the sale, the chief executive officer now directly owns 721,217 shares of the company’s stock, valued at $21,081,172.91. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO John S. Clendening sold 54,250 shares of the stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $31.67, for a total transaction of $1,718,097.50. Following the completion of the sale, the chief executive officer now directly owns 753,002 shares in the company, valued at $23,847,573.34. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 86,914 shares of company stock worth $2,731,887. Insiders own 3.40% of the company’s stock.

BCOR has been the subject of several research reports. Zacks Investment Research lowered shares of Blucora from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. BidaskClub raised shares of Blucora from a “strong sell” rating to a “sell” rating in a report on Friday, July 26th. Finally, ValuEngine downgraded shares of Blucora from a “buy” rating to a “hold” rating in a report on Saturday, May 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Blucora presently has an average rating of “Hold” and an average price target of $39.67.

Blucora Company Profile

Blucora, Inc provides technology-enabled financial solutions to consumers, small business owners, and tax professionals in the United States. The company operates through two segments, Wealth Management and Tax Preparation. The Wealth Management segment offers an integrated platform of brokerage, investment advisory, and insurance services to financial advisors.

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Earnings History for Blucora (NASDAQ:BCOR)

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