Wall Street brokerages forecast that Nice Ltd (NASDAQ:NICE) will post $350.59 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Nice’s earnings, with estimates ranging from $346.26 million to $353.50 million. Nice posted sales of $322.76 million in the same quarter last year, which would indicate a positive year over year growth rate of 8.6%. The company is scheduled to announce its next earnings report before the market opens on Thursday, November 8th.
On average, analysts expect that Nice will report full-year sales of $1.44 billion for the current financial year, with estimates ranging from $1.44 billion to $1.45 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $1.55 billion, with estimates ranging from $1.54 billion to $1.57 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Nice.
Nice (NASDAQ:NICE) last posted its quarterly earnings data on Thursday, August 9th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.03). Nice had a return on equity of 9.15% and a net margin of 11.73%. The company had revenue of $345.41 million for the quarter, compared to the consensus estimate of $342.49 million.
Several research firms have recently issued reports on NICE. JPMorgan Chase & Co. boosted their price objective on shares of Nice from $104.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, August 10th. Wedbush started coverage on shares of Nice in a research report on Thursday, October 18th. They set an “outperform” rating and a $130.00 target price on the stock. Zacks Investment Research upgraded shares of Nice from a “sell” rating to a “hold” rating and set a $124.00 target price on the stock in a research report on Wednesday, August 15th. BidaskClub upgraded shares of Nice from a “hold” rating to a “buy” rating in a research report on Friday, July 27th. Finally, Barclays reiterated a “hold” rating and set a $114.00 target price on shares of Nice in a research report on Friday, August 10th. Seven equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $112.00.
NASDAQ:NICE opened at $108.72 on Tuesday. Nice has a 52-week low of $80.74 and a 52-week high of $119.83. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.24. The stock has a market cap of $6.53 billion, a PE ratio of 47.06, a P/E/G ratio of 4.12 and a beta of 0.74.
Several institutional investors have recently modified their holdings of the company. Vigilant Capital Management LLC acquired a new position in Nice in the second quarter valued at about $125,000. First Hawaiian Bank acquired a new position in Nice in the third quarter valued at about $126,000. West Coast Financial LLC acquired a new position in Nice in the third quarter valued at about $201,000. Valmark Advisers Inc. acquired a new position in Nice in the second quarter valued at about $208,000. Finally, Janney Montgomery Scott LLC acquired a new position in Nice in the second quarter valued at about $239,000. Institutional investors and hedge funds own 45.34% of the company’s stock.
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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