Blucora (BCOR) Set to Announce Quarterly Earnings on Monday

Blucora (NASDAQ:BCORGet Rating) is scheduled to release its earnings data after the market closes on Monday, August 8th. Analysts expect Blucora to post earnings of $0.91 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

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

Blucora Price Performance

Shares of BCOR stock opened at $21.55 on Friday. Blucora has a 52-week low of $14.59 and a 52-week high of $21.56. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.86 and a current ratio of 1.86. The firm has a market capitalization of $1.02 billion, a P/E ratio of 76.97, a P/E/G ratio of 1.08 and a beta of 1.31. The stock has a 50 day moving average price of $18.43 and a 200 day moving average price of $18.44.

Institutional Investors Weigh In On Blucora

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Captrust Financial Advisors increased its holdings in shares of Blucora by 104.3% in the 1st quarter. Captrust Financial Advisors now owns 2,936 shares of the information services provider’s stock valued at $57,000 after acquiring an additional 1,499 shares during the period. Invesco Ltd. increased its holdings in shares of Blucora by 0.3% in the 1st quarter. Invesco Ltd. now owns 616,048 shares of the information services provider’s stock valued at $12,044,000 after acquiring an additional 2,105 shares during the period. Citigroup Inc. increased its holdings in shares of Blucora by 12.6% in the 1st quarter. Citigroup Inc. now owns 42,174 shares of the information services provider’s stock valued at $825,000 after acquiring an additional 4,707 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Blucora by 14.1% in 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 acquiring an additional 5,178 shares during the period. Finally, MetLife Investment Management LLC increased its holdings in shares of Blucora by 53.2% in the 1st quarter. MetLife Investment Management LLC now owns 26,891 shares of the information services provider’s stock valued at $526,000 after acquiring an additional 9,336 shares during the period. 94.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BCOR. Cantor Fitzgerald began coverage on Blucora in a research note on Monday, July 11th. They set an “overweight” rating and a $22.00 price target for the company. StockNews.com raised Blucora from a “hold” rating to a “buy” rating in a research report on Monday, June 27th.

Blucora Company Profile

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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.

See Also

Earnings History for Blucora (NASDAQ:BCOR)

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