$52.76 Million in Sales Expected for Care.com Inc (CRCM) This Quarter

Wall Street analysts predict that Care.com Inc (NYSE:CRCM) will announce $52.76 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Care.com’s earnings. The highest sales estimate is $52.90 million and the lowest is $52.68 million. Care.com reported sales of $47.33 million in the same quarter last year, which would suggest a positive year over year growth rate of 11.5%. The firm is expected to announce its next earnings report on Tuesday, May 14th.

On average, analysts expect that Care.com will report full-year sales of $219.29 million for the current fiscal year, with estimates ranging from $219.20 million to $219.38 million. For the next year, analysts forecast that the business will post sales of $246.82 million, with estimates ranging from $246.16 million to $247.90 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Care.com.

Care.com (NYSE:CRCM) last announced its quarterly earnings results on Thursday, March 7th. The information services provider reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.16. The company had revenue of $49.80 million for the quarter, compared to analyst estimates of $49.95 million. Care.com had a net margin of 27.51% and a return on equity of 11.86%. The firm’s revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.32 EPS.

CRCM has been the topic of a number of recent analyst reports. Roth Capital boosted their price target on shares of Care.com from $24.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, February 14th. BTIG Research boosted their price target on shares of Care.com to $26.00 and gave the company a “buy” rating in a research note on Friday, January 18th. Zacks Investment Research upgraded shares of Care.com from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Monday, January 7th. Finally, ValuEngine lowered shares of Care.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 12th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $24.60.

CRCM opened at $18.77 on Friday. Care.com has a fifty-two week low of $15.14 and a fifty-two week high of $25.81. The company has a market cap of $604.26 million, a price-to-earnings ratio of 67.04, a price-to-earnings-growth ratio of 6.10 and a beta of 1.34.

In other Care.com news, insider Sheila Lirio Marcelo sold 30,000 shares of the firm’s stock in a transaction on Monday, February 11th. The stock was sold at an average price of $23.71, for a total transaction of $711,300.00. Following the completion of the transaction, the insider now owns 1,105,646 shares of the company’s stock, valued at $26,214,866.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Diane Musi sold 29,800 shares of the firm’s stock in a transaction on Wednesday, December 26th. The shares were sold at an average price of $18.40, for a total value of $548,320.00. Following the transaction, the general counsel now directly owns 26,925 shares of the company’s stock, valued at approximately $495,420. The disclosure for this sale can be found here. Insiders have sold 212,531 shares of company stock worth $4,300,223 over the last quarter. Company insiders own 30.90% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of CRCM. Oppenheimer Asset Management Inc. bought a new stake in Care.com in the 4th quarter worth about $31,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Care.com during the 4th quarter valued at approximately $43,000. Great West Life Assurance Co. Can bought a new position in shares of Care.com during the 4th quarter valued at approximately $96,000. Metropolitan Life Insurance Co. NY lifted its holdings in Care.com by 263.6% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 5,337 shares of the information services provider’s stock worth $103,000 after purchasing an additional 3,869 shares in the last quarter. Finally, Menta Capital LLC purchased a new position in Care.com in the 4th quarter worth approximately $230,000. 81.93% of the stock is owned by hedge funds and other 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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