Wall Street analysts forecast that Nice Ltd (NASDAQ:NICE) will announce earnings per share of $1.28 for the current quarter, Zacks reports. Five analysts have made estimates for Nice’s earnings, with the highest EPS estimate coming in at $1.29 and the lowest estimate coming in at $1.27. Nice reported earnings of $1.12 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 14.3%. The firm is scheduled to issue its next earnings results on Thursday, November 14th.
On average, analysts expect that Nice will report full-year earnings of $5.25 per share for the current financial year, with EPS estimates ranging from $5.21 to $5.31. For the next fiscal year, analysts forecast that the firm will report earnings of $5.77 per share, with EPS estimates ranging from $5.69 to $6.02. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Nice.
Nice (NASDAQ:NICE) last posted its quarterly earnings results on Thursday, August 8th. The technology company reported $1.02 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.02. The company had revenue of $381.40 million for the quarter, compared to analysts’ expectations of $378.80 million. Nice had a return on equity of 12.09% and a net margin of 11.85%. The firm’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.06 earnings per share.
NICE has been the topic of several research analyst reports. Jefferies Financial Group lifted their price objective on shares of Nice from $166.00 to $179.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. DA Davidson lifted their price objective on shares of Nice to $140.00 and gave the stock a “neutral” rating in a research report on Friday, May 17th. Citigroup lifted their price objective on shares of Nice from $117.00 to $137.00 and gave the stock a “neutral” rating in a research report on Friday, May 17th. Wedbush reiterated a “buy” rating and set a $160.00 price objective on shares of Nice in a research report on Thursday, May 16th. Finally, Morgan Stanley set a $140.00 price objective on shares of Nice and gave the stock a “hold” rating in a research report on Friday, August 9th. Six investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $151.42.
NASDAQ NICE traded up $0.07 on Friday, hitting $151.51. 212,600 shares of the stock were exchanged, compared to its average volume of 268,859. Nice has a 52-week low of $100.54 and a 52-week high of $155.76. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.28 and a quick ratio of 1.31. The company has a market capitalization of $9.24 billion, a price-to-earnings ratio of 39.35, a P/E/G ratio of 3.01 and a beta of 0.74. The company’s 50-day moving average price is $147.88 and its two-hundred day moving average price is $132.53.
Institutional investors have recently bought and sold shares of the company. Aperio Group LLC boosted its holdings in Nice by 5.7% in the second quarter. Aperio Group LLC now owns 129,879 shares of the technology company’s stock worth $17,793,000 after purchasing an additional 6,986 shares in the last quarter. Financial Counselors Inc. acquired a new position in Nice during the 1st quarter worth $209,000. Harel Insurance Investments & Financial Services Ltd. lifted its position in Nice by 179.2% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 88,751 shares of the technology company’s stock worth $12,159,000 after acquiring an additional 56,963 shares during the last quarter. West Coast Financial LLC acquired a new position in Nice during the 2nd quarter worth $201,000. Finally, FDx Advisors Inc. lifted its position in Nice by 5.1% during the 2nd quarter. FDx Advisors Inc. now owns 2,988 shares of the technology company’s stock worth $409,000 after acquiring an additional 146 shares during the last quarter. Institutional investors and hedge funds own 45.11% of the company’s stock.
NICE Ltd. provides enterprise software solutions worldwide. The company 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 optimize business performance and ensure compliance.
Recommended Story: The components of the Stochastic Momentum Index
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Nice Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nice and related companies with MarketBeat.com's FREE daily email newsletter.