Equities analysts expect NIC Inc. (NASDAQ:EGOV) to post earnings of $0.12 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for NIC’s earnings, with the lowest EPS estimate coming in at $0.11 and the highest estimate coming in at $0.14. NIC reported earnings per share of $0.16 in the same quarter last year, which indicates a negative year over year growth rate of 25%. The company is expected to announce its next earnings report on Wednesday, January 30th.
According to Zacks, analysts expect that NIC will report full year earnings of $0.85 per share for the current fiscal year, with EPS estimates ranging from $0.83 to $0.86. For the next fiscal year, analysts forecast that the business will report earnings of $0.72 per share, with EPS estimates ranging from $0.66 to $0.78. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow NIC.
NIC (NASDAQ:EGOV) last released its earnings results on Thursday, November 1st. The software maker reported $0.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.07. The company had revenue of $87.03 million during the quarter, compared to analysts’ expectations of $83.06 million. NIC had a return on equity of 32.21% and a net margin of 16.94%. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 EPS.
A number of research analysts have issued reports on EGOV shares. BidaskClub upgraded NIC from a “sell” rating to a “hold” rating in a research note on Saturday, October 13th. TheStreet upgraded NIC from a “c+” rating to a “b-” rating in a research note on Wednesday, August 22nd. Barrington Research reiterated a “hold” rating on shares of NIC in a research note on Monday. Loop Capital set a $15.00 price objective on NIC and gave the company a “hold” rating in a research note on Monday. Finally, ValuEngine upgraded NIC from a “sell” rating to a “hold” rating in a research note on Friday, August 17th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $17.67.
NASDAQ:EGOV traded up $0.41 during trading hours on Friday, reaching $13.92. 645,419 shares of the company traded hands, compared to its average volume of 373,237. The stock has a market capitalization of $931.84 million, a price-to-earnings ratio of 18.08, a PEG ratio of 1.74 and a beta of 0.71. NIC has a 1 year low of $12.65 and a 1 year high of $18.90.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 18th. Shareholders of record on Tuesday, December 4th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date is Monday, December 3rd. NIC’s payout ratio is 41.56%.
A number of large investors have recently made changes to their positions in EGOV. Janus Henderson Group PLC bought a new stake in shares of NIC in the 2nd quarter worth $158,000. Amalgamated Bank bought a new stake in shares of NIC in the 2nd quarter worth $163,000. Xact Kapitalforvaltning AB bought a new stake in shares of NIC in the 1st quarter worth $168,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of NIC in the 2nd quarter worth $189,000. Finally, GW Henssler & Associates Ltd. bought a new stake in shares of NIC in the 2nd quarter worth $191,000. Institutional investors and hedge funds own 87.80% of the company’s stock.
NIC Inc, together with its subsidiaries, provides digital government services that enable governments to use technology to provide various services to businesses and citizens in the United States. The company's outsourced portal business enters into long-term contracts with state and local governments to design, build, and operate Internet-based and enterprise-wide portals on their behalf.
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