Brokerages Anticipate Five9 Inc (FIVN) to Announce $0.03 Earnings Per Share

Equities analysts expect Five9 Inc (NASDAQ:FIVN) to post earnings of $0.03 per share for the current quarter, according to Zacks. Six analysts have made estimates for Five9’s earnings. The lowest EPS estimate is $0.02 and the highest is $0.03. The firm is expected to report its next earnings report on Wednesday, May 2nd.

According to Zacks, analysts expect that Five9 will report full-year earnings of $0.23 per share for the current financial year, with EPS estimates ranging from $0.21 to $0.24. For the next year, analysts expect that the firm will post earnings of $0.40 per share, with EPS estimates ranging from $0.34 to $0.52. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Five9.

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Five9 (NASDAQ:FIVN) last posted its earnings results on Wednesday, February 21st. The software maker reported $0.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.03. The firm had revenue of $55.40 million for the quarter, compared to the consensus estimate of $52.31 million. Five9 had a negative net margin of 4.48% and a negative return on equity of 24.94%. The firm’s revenue for the quarter was up 25.3% compared to the same quarter last year.

A number of research analysts recently commented on FIVN shares. TheStreet raised shares of Five9 from a “d” rating to a “c-” rating in a research report on Tuesday, November 21st. BidaskClub downgraded shares of Five9 from a “buy” rating to a “hold” rating in a research report on Saturday, December 2nd. Barclays downgraded shares of Five9 from an “overweight” rating to an “equal weight” rating and set a $27.00 target price on the stock. in a research report on Monday, January 8th. Zacks Investment Research downgraded shares of Five9 from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Finally, SunTrust Banks started coverage on shares of Five9 in a research report on Wednesday, January 31st. They issued a “buy” rating and a $30.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $26.60.

In other Five9 news, President Daniel P. Burkland sold 10,000 shares of the firm’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $24.36, for a total transaction of $243,600.00. Following the transaction, the president now directly owns 168,291 shares of the company’s stock, valued at approximately $4,099,568.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Barry Zwarenstein sold 5,000 shares of the firm’s stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $24.52, for a total transaction of $122,600.00. Following the transaction, the chief executive officer now directly owns 141,778 shares in the company, valued at $3,476,396.56. The disclosure for this sale can be found here. Insiders have sold a total of 636,455 shares of company stock worth $18,361,151 over the last three months. 9.10% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the business. Fortaleza Asset Management Inc. purchased a new position in Five9 during the 4th quarter worth $157,000. Xact Kapitalforvaltning AB acquired a new stake in shares of Five9 in the 4th quarter worth $201,000. Envestnet Asset Management Inc. acquired a new stake in shares of Five9 in the 3rd quarter worth $195,000. Janney Montgomery Scott LLC acquired a new stake in shares of Five9 in the 3rd quarter worth $211,000. Finally, Invictus RG acquired a new stake in shares of Five9 in the 4th quarter worth $267,000. 92.66% of the stock is currently owned by institutional investors.

Five9 (FIVN) opened at $30.93 on Tuesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.35 and a quick ratio of 2.35. The company has a market cap of $1,741.76, a price-to-earnings ratio of -193.44 and a beta of 0.08. Five9 has a 52-week low of $15.91 and a 52-week high of $32.47.

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About Five9

Five9 Inc (Five9) is a provider of cloud software for contact centers. The Company’s purpose-built Virtual Contact Center (VCC) cloud platform delivers a suite of applications that enable the breadth of contact center-related customer service, sales and marketing functions. The Company’s solution, which consists of its VCC cloud platform and applications, allows simultaneous management and optimization of customer interactions across voice, chat, e-mail, Web, social media and mobile channels, either directly or through its application programming interfaces (APIs).

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