Zacks: Analysts Expect Fair Isaac Co. (NYSE:FICO) to Post $2.56 Earnings Per Share


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Equities analysts forecast that Fair Isaac Co. (NYSE:FICO) will announce earnings per share of $2.56 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Fair Isaac’s earnings. The highest EPS estimate is $3.16 and the lowest is $2.03. Fair Isaac posted earnings of $2.14 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 19.6%. The business is expected to announce its next quarterly earnings report on Wednesday, May 5th.

On average, analysts expect that Fair Isaac will report full year earnings of $11.06 per share for the current fiscal year, with EPS estimates ranging from $10.05 to $12.65. For the next fiscal year, analysts forecast that the firm will post earnings of $12.91 per share, with EPS estimates ranging from $11.85 to $14.35. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Fair Isaac.

Fair Isaac (NYSE:FICO) last issued its quarterly earnings data on Wednesday, January 27th. The technology company reported $2.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.58 by $1.16. The firm had revenue of $312.41 million during the quarter, compared to analysts’ expectations of $319.65 million. Fair Isaac had a net margin of 18.26% and a return on equity of 98.78%. Fair Isaac’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.80 earnings per share.

Several brokerages recently issued reports on FICO. Zacks Investment Research lowered Fair Isaac from a “buy” rating to a “hold” rating in a research note on Wednesday, January 13th. Barclays boosted their price target on shares of Fair Isaac from $475.00 to $565.00 and gave the company an “overweight” rating in a report on Tuesday, December 8th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Fair Isaac in a report on Wednesday, January 20th. They set a “buy” rating and a $560.00 price objective for the company. Jefferies Financial Group raised their price target on shares of Fair Isaac from $475.00 to $490.00 and gave the stock a “hold” rating in a research note on Monday, January 11th. Finally, Needham & Company LLC increased their target price on Fair Isaac from $550.00 to $565.00 and gave the stock a “buy” rating in a report on Friday, January 29th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Fair Isaac currently has an average rating of “Buy” and a consensus price target of $511.25.

NYSE FICO traded down $1.65 during midday trading on Tuesday, hitting $457.69. The company had a trading volume of 8,197 shares, compared to its average volume of 248,780. The firm has a fifty day simple moving average of $481.97 and a two-hundred day simple moving average of $459.93. The stock has a market cap of $13.38 billion, a price-to-earnings ratio of 58.22 and a beta of 1.18. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.23. Fair Isaac has a fifty-two week low of $177.65 and a fifty-two week high of $530.95.

In other Fair Isaac news, Director Joanna Rees sold 250 shares of the company’s stock in a transaction that occurred on Monday, February 1st. The shares were sold at an average price of $450.31, for a total value of $112,577.50. Following the completion of the sale, the director now owns 4,630 shares of the company’s stock, valued at $2,084,935.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Michael S. Leonard sold 310 shares of the stock in a transaction on Tuesday, December 15th. The stock was sold at an average price of $519.84, for a total transaction of $161,150.40. Following the completion of the sale, the chief accounting officer now owns 7,709 shares in the company, valued at $4,007,446.56. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,079 shares of company stock worth $537,079. Corporate insiders own 3.81% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale lifted its holdings in Fair Isaac by 103.2% during the third quarter. DekaBank Deutsche Girozentrale now owns 6,114 shares of the technology company’s stock worth $2,639,000 after acquiring an additional 199,931 shares in the last quarter. BlackRock Inc. grew its position in shares of Fair Isaac by 4.1% in the 3rd quarter. BlackRock Inc. now owns 4,484,094 shares of the technology company’s stock valued at $1,907,445,000 after purchasing an additional 175,281 shares during the period. Morgan Stanley raised its holdings in Fair Isaac by 253.8% during the 4th quarter. Morgan Stanley now owns 205,375 shares of the technology company’s stock worth $104,954,000 after buying an additional 147,324 shares during the period. AustralianSuper Pty Ltd bought a new position in Fair Isaac in the third quarter valued at approximately $34,894,000. Finally, WCM Investment Management LLC boosted its holdings in shares of Fair Isaac by 18.3% in the fourth quarter. WCM Investment Management LLC now owns 524,923 shares of the technology company’s stock valued at $268,257,000 after buying an additional 81,250 shares during the period. Institutional investors and hedge funds own 84.94% of the company’s stock.

Fair Isaac Company Profile

Fair Isaac Corporation develops analytic, software, and data management products and services that enable businesses to automate, enhance, and connect decisions in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company offers analytical solutions, credit scoring, and credit account management products and services to banks, credit reporting agencies, credit card processing agencies, insurers, retailers, healthcare organizations, and public agencies.

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