Blucora (BCOR) Set to Announce Quarterly Earnings on Monday

Blucora (NASDAQ:BCOR – Get Rating) is scheduled to issue its quarterly earnings data after the market closes on Monday, August 8th. Analysts expect the company to announce earnings of $0.91 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Blucora (NASDAQ:BCOR – Get Rating) last issued its quarterly earnings results on Wednesday, May 4th. The information services provider reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.16). The company had revenue of $307.60 million during the quarter, compared to analysts’ expectations of $324.56 million. Blucora had a return on equity of 19.46% and a net margin of 1.61%. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.95 EPS. On average, analysts expect Blucora to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Blucora Stock Performance

Shares of BCOR opened at $21.55 on Friday. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 1.59. The business has a 50-day simple moving average of $18.43 and a two-hundred day simple moving average of $18.44. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 76.97, a PEG ratio of 1.08 and a beta of 1.31. Blucora has a 52 week low of $14.59 and a 52 week high of $21.56.

Analysts Set New Price Targets

BCOR has been the subject of a number of analyst reports. Cantor Fitzgerald initiated coverage on Blucora in a research report on Monday, July 11th. They issued an “overweight” rating and a $22.00 price target for the company. StockNews.com upgraded Blucora from a “hold” rating to a “buy” rating in a research report on Monday, June 27th.

Institutional Trading of Blucora

Several institutional investors have recently made changes to their positions in BCOR. Captrust Financial Advisors grew its position in shares of Blucora by 104.3% during the first quarter. Captrust Financial Advisors now owns 2,936 shares of the information services provider’s stock worth $57,000 after purchasing an additional 1,499 shares in the last quarter. Hsbc Holdings PLC purchased a new position in Blucora during the 1st quarter valued at approximately $302,000. MetLife Investment Management LLC grew its holdings in Blucora by 53.2% during the 1st quarter. MetLife Investment Management LLC now owns 26,891 shares of the information services provider’s stock valued at $526,000 after buying an additional 9,336 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Blucora by 14.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 42,000 shares of the information services provider’s stock valued at $821,000 after buying an additional 5,178 shares in the last quarter. Finally, Citigroup Inc. grew its holdings in Blucora by 12.6% during the 1st quarter. Citigroup Inc. now owns 42,174 shares of the information services provider’s stock valued at $825,000 after buying an additional 4,707 shares in the last quarter. Hedge funds and other institutional investors own 94.34% of the company’s stock.

About Blucora

(Get Rating)

Blucora, Inc provides technology-enabled financial solutions to consumers, small business owners, tax professionals, financial advisors, and certified public accounting firms 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.