Brokerages predict that Nice Ltd (NASDAQ:NICE) will report $416.88 million in sales for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Nice’s earnings. The highest sales estimate is $419.60 million and the lowest is $415.00 million. Nice reported sales of $392.24 million during the same quarter last year, which indicates a positive year-over-year growth rate of 6.3%. The firm is scheduled to announce its next earnings report on Thursday, February 21st.
According to Zacks, analysts expect that Nice will report full-year sales of $1.46 billion for the current financial year. For the next year, analysts forecast that the company will report sales of $1.58 billion, with estimates ranging from $1.54 billion to $1.60 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that that provide coverage for Nice.
Nice (NASDAQ:NICE) last posted its earnings results on Thursday, November 8th. The technology company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.04). Nice had a net margin of 12.37% and a return on equity of 9.49%. The firm had revenue of $356.45 million during the quarter, compared to analyst estimates of $350.67 million.
Several analysts have issued reports on NICE shares. Zacks Investment Research upgraded shares of Nice from a “sell” rating to a “hold” rating and set a $124.00 price target on the stock in a research report on Wednesday, August 15th. BidaskClub lowered shares of Nice from a “buy” rating to a “hold” rating in a research report on Thursday, September 20th. Jefferies Financial Group raised their price target on shares of Nice to $132.00 and gave the stock a “buy” rating in a research report on Thursday, September 20th. They noted that the move was a valuation call. Wedbush started coverage on shares of Nice in a research report on Thursday, October 18th. They issued an “outperform” rating and a $130.00 price target on the stock. Finally, Royal Bank of Canada raised their price target on shares of Nice to $120.00 and gave the stock a “market perform” rating in a research report on Friday, November 9th. Seven research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $113.00.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Stratos Wealth Partners LTD. acquired a new stake in shares of Nice during the 3rd quarter valued at about $106,000. First Hawaiian Bank bought a new position in Nice during the 3rd quarter valued at about $126,000. West Coast Financial LLC bought a new position in Nice during the 3rd quarter valued at about $201,000. Carmichael Hill & Associates Inc. bought a new position in Nice during the 3rd quarter valued at about $206,000. Finally, Valmark Advisers Inc. bought a new position in Nice during the 2nd quarter valued at about $208,000. Institutional investors own 44.99% of the company’s stock.
NASDAQ:NICE opened at $112.99 on Monday. Nice has a 1 year low of $84.49 and a 1 year high of $119.83. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $6.82 billion, a P/E ratio of 48.91, a PEG ratio of 2.89 and a beta of 0.90.
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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