Wall Street analysts expect Nice Ltd (NASDAQ:NICE) to post earnings of $1.10 per share for the current quarter, according to Zacks. Five analysts have made estimates for Nice’s earnings, with estimates ranging from $1.09 to $1.10. Nice posted earnings per share of $0.62 in the same quarter last year, which suggests a positive year-over-year growth rate of 77.4%. The firm is scheduled to report its next quarterly earnings results on Thursday, November 14th.
According to Zacks, analysts expect that Nice will report full year earnings of $4.42 per share for the current year, with EPS estimates ranging from $4.40 to $4.42. For the next financial year, analysts expect that the firm will report earnings of $4.94 per share, with EPS estimates ranging from $4.91 to $4.98. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Nice.
Nice (NASDAQ:NICE) last released its quarterly earnings results on Thursday, August 8th. The technology company reported $1.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.02. Nice had a net margin of 11.85% and a return on equity of 12.09%. The business had revenue of $381.40 million during the quarter, compared to the consensus estimate of $378.80 million. During the same quarter last year, the company earned $1.06 earnings per share. The business’s quarterly revenue was up 11.0% compared to the same quarter last year.
A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Nice from $150.00 to $166.00 and gave the stock an “overweight” rating in a research report on Monday, July 29th. Zacks Investment Research raised shares of Nice from a “hold” rating to a “buy” rating and set a $167.00 price target for the company in a research report on Saturday. Jefferies Financial Group raised their price target 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 report on Friday, May 17th. Finally, BidaskClub downgraded shares of Nice from a “buy” rating to a “hold” rating in a report on Friday. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $153.92.
Shares of NICE stock traded down $2.41 during mid-day trading on Monday, reaching $146.93. 144,494 shares of the company were exchanged, compared to its average volume of 174,895. Nice has a fifty-two week low of $100.54 and a fifty-two week high of $155.76. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.28 and a current ratio of 1.28. The company has a market capitalization of $9.08 billion, a P/E ratio of 38.16, a P/E/G ratio of 3.02 and a beta of 0.76. The business’s 50 day simple moving average is $151.98 and its 200 day simple moving average is $137.54.
A number of institutional investors have recently added to or reduced their stakes in the business. Pinnacle Bank boosted its holdings in Nice by 44.5% in the second quarter. Pinnacle Bank now owns 315 shares of the technology company’s stock worth $43,000 after purchasing an additional 97 shares during the period. Moors & Cabot Inc. lifted its stake in Nice by 5.5% in the first quarter. Moors & Cabot Inc. now owns 2,638 shares of the technology company’s stock valued at $323,000 after buying an additional 138 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in Nice by 2.4% in the second quarter. Commonwealth Equity Services LLC now owns 6,014 shares of the technology company’s stock valued at $824,000 after buying an additional 139 shares during the last quarter. FDx Advisors Inc. lifted its stake in Nice by 5.1% in the second quarter. FDx Advisors Inc. now owns 2,988 shares of the technology company’s stock valued at $409,000 after buying an additional 146 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. lifted its stake in Nice by 4.9% in the second quarter. Vestmark Advisory Solutions Inc. now owns 3,140 shares of the technology company’s stock valued at $430,000 after buying an additional 147 shares during the last quarter. 52.41% of the stock is owned by hedge funds and other institutional investors.
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.
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