Wall Street brokerages expect that Nice Ltd (NASDAQ:NICE) will announce earnings per share of $1.42 for the current quarter, Zacks reports. Four analysts have issued estimates for Nice’s earnings, with the highest EPS estimate coming in at $1.47 and the lowest estimate coming in at $1.39. Nice posted earnings per share of $1.35 during the same quarter last year, which indicates a positive year-over-year growth rate of 5.2%. The company is expected to announce its next quarterly earnings report on Thursday, February 21st.
According to Zacks, analysts expect that Nice will report full-year earnings of $4.63 per share for the current year, with EPS estimates ranging from $4.61 to $4.69. For the next fiscal year, analysts anticipate that the company will post earnings of $5.12 per share, with EPS estimates ranging from $5.00 to $5.24. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Nice.
Nice (NASDAQ:NICE) last issued its earnings results on Thursday, November 8th. The technology company reported $0.62 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.04). Nice had a return on equity of 9.49% and a net margin of 12.37%. The company had revenue of $356.45 million during the quarter, compared to analysts’ expectations of $350.67 million.
Several analysts recently issued reports on the company. Zacks Investment Research lowered Nice from a “hold” rating to a “sell” rating in a report on Wednesday, November 14th. Royal Bank of Canada increased their price objective on Nice to $120.00 and gave the stock a “market perform” rating in a report on Friday, November 9th. Barclays reiterated a “hold” rating and set a $114.00 price objective on shares of Nice in a report on Friday, August 10th. Wedbush started coverage on Nice in a report on Thursday, October 18th. They set an “outperform” rating and a $130.00 price objective for the company. Finally, JPMorgan Chase & Co. raised their target price on Nice from $104.00 to $110.00 and gave the company a “neutral” rating in a report on Friday, August 10th. Seven investment analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. Nice presently has a consensus rating of “Buy” and an average target price of $113.00.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Stratos Wealth Partners LTD. bought a new position in Nice during the third quarter valued at about $106,000. First Hawaiian Bank acquired a new position in shares of Nice in the third quarter worth $126,000. West Coast Financial LLC acquired a new position in shares of Nice in the third quarter worth $201,000. Carmichael Hill & Associates Inc. acquired a new position in shares of Nice in the third quarter worth $206,000. Finally, Valmark Advisers Inc. acquired a new position in shares of Nice in the second quarter worth $208,000. Institutional investors own 44.99% of the company’s stock.
Shares of NASDAQ NICE traded down $1.45 on Friday, hitting $112.52. The company had a trading volume of 196,013 shares, compared to its average volume of 214,259. Nice has a 12-month low of $84.49 and a 12-month high of $119.83. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.34 and a quick ratio of 1.34. The company has a market capitalization of $6.94 billion, a price-to-earnings ratio of 48.71, a PEG ratio of 2.94 and a beta of 0.90.
Nice Company Profile
NICE Ltd. provides enterprise software solutions worldwide. It operates in two segments, Customer Engagement and Financial Crime and Compliance. The Customer Engagement segment offers platform and solutions that empower businesses to deliver consistent and personalized experience across the customer journey, and delivered in the cloud, as well as on premise.
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