Care.com (CRCM) Issues Q2 Earnings Guidance

Care.com (NYSE:CRCM) updated its second quarter earnings guidance on Thursday. The company provided EPS guidance of ~$0.08 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.14. The company issued revenue guidance of $52.0-52.3 million, compared to the consensus revenue estimate of $51.78 million.Care.com also updated its FY 2019 guidance to $0.52-0.56 EPS.

Several brokerages recently issued reports on CRCM. Roth Capital reduced their price objective on Care.com from $30.00 to $21.00 and set a buy rating for the company in a report on Friday. Craig Hallum cut their price target on Care.com from $28.00 to $18.00 and set a buy rating for the company in a report on Friday. Stifel Nicolaus reissued a hold rating and issued a $17.00 price target on shares of Care.com in a report on Thursday. TheStreet cut Care.com from a b rating to a c+ rating in a report on Thursday. Finally, ValuEngine cut Care.com from a buy rating to a hold rating in a report on Wednesday. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $19.37.

Shares of NYSE CRCM traded down $0.27 during trading on Friday, reaching $14.67. The company had a trading volume of 948,992 shares, compared to its average volume of 503,960. Care.com has a twelve month low of $13.71 and a twelve month high of $25.81. The stock has a market cap of $551.15 million, a price-to-earnings ratio of 40.75, a price-to-earnings-growth ratio of 4.86 and a beta of 1.19. The company has a quick ratio of 3.20, a current ratio of 2.75 and a debt-to-equity ratio of 0.14.

Care.com (NYSE:CRCM) last released its quarterly earnings results on Thursday, May 9th. The information services provider reported $0.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.17. Care.com had a return on equity of 7.81% and a net margin of 24.80%. The company had revenue of $53.30 million during the quarter, compared to analysts’ expectations of $52.75 million. During the same period in the previous year, the firm posted $0.19 earnings per share. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. As a group, analysts anticipate that Care.com will post 0.2 EPS for the current year.

In related news, insider Sheila Lirio Marcelo sold 6,888 shares of the company’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $16.43, for a total value of $113,169.84. Following the completion of the transaction, the insider now directly owns 1,098,181 shares in the company, valued at $18,043,113.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael Echenberg sold 9,513 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $19.95, for a total value of $189,784.35. Following the completion of the transaction, the chief financial officer now owns 44,788 shares of the company’s stock, valued at $893,520.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 120,234 shares of company stock valued at $2,469,420. Insiders own 30.90% of the company’s stock.

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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.

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