Care.com (CRCM) Updates Q4 2018 Earnings Guidance

Care.com (NYSE:CRCM) updated its fourth quarter 2018 earnings guidance on Thursday. The company provided earnings per share guidance of $0.20-0.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.23. The company issued revenue guidance of $49.6-50 million, compared to the consensus revenue estimate of $49.92 million.Care.com also updated its FY 2018 guidance to $0.69-0.69 EPS.

Several research firms recently weighed in on CRCM. Craig Hallum set a $24.00 price target on Care.com and gave the company a buy rating in a research report on Tuesday, July 31st. ValuEngine lowered Care.com from a strong-buy rating to a buy rating in a research report on Monday, July 30th. Finally, Zacks Investment Research downgraded Care.com from a hold rating to a sell rating in a research note on Friday, August 3rd. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $22.00.

NYSE CRCM traded down $1.56 on Friday, reaching $17.29. The stock had a trading volume of 3,800 shares, compared to its average volume of 304,694. Care.com has a 1 year low of $15.14 and a 1 year high of $22.95. The company has a market capitalization of $553.69 million, a P/E ratio of 63.89, a price-to-earnings-growth ratio of 5.62 and a beta of 1.25.

Care.com (NYSE:CRCM) last issued its earnings results on Thursday, November 8th. The information services provider reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.06. Care.com had a return on equity of 15.34% and a net margin of 5.87%. The firm had revenue of $49.20 million for the quarter, compared to the consensus estimate of $49.22 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. On average, equities research analysts forecast that Care.com will post 0.21 EPS for the current fiscal year.

In other Care.com news, General Counsel Diane Musi sold 30,000 shares of the business’s stock in a transaction dated Wednesday, October 3rd. The stock was sold at an average price of $22.11, for a total value of $663,300.00. Following the transaction, the general counsel now owns 52,919 shares in the company, valued at $1,170,039.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David Krupinski sold 10,000 shares of the business’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $19.21, for a total value of $192,100.00. Following the completion of the transaction, the insider now owns 138,181 shares in the company, valued at approximately $2,654,457.01. The disclosure for this sale can be found here. Insiders sold 209,819 shares of company stock worth $4,345,231 in the last 90 days. Corporate insiders own 30.90% of the company’s stock.

An institutional investor recently raised its position in Care.com stock. Bank of New York Mellon Corp raised its position in Care.com Inc (NYSE:CRCM) by 18.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,512 shares of the information services provider’s stock after purchasing an additional 13,062 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.27% of Care.com worth $1,785,000 at the end of the most recent quarter. 79.22% of the stock is currently owned by institutional investors.

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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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