Financial Engines Stock Price Down 11.7% After Earnings Miss (FNGN)
Shares of Financial Engines (NASDAQ:FNGN) traded down 11.7% on Friday after the company announced weaker than expected quarterly earnings, Stock Ratings News reports. The company traded as low as $51.28 and last traded at $54.87, with a volume of 2,720,270 shares traded. The stock had previously closed at $62.17.
The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by $0.01. The company had revenue of $65.20 million for the quarter, compared to the consensus estimate of $65.86 million.
The company also recently announced a quarterly dividend, which is scheduled for Friday, April 4th. Stockholders of record on Friday, March 21st will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.39%. The ex-dividend date is Wednesday, March 19th. This is a boost from Financial Engines’s previous quarterly dividend of $0.05.
Separately, analysts at Needham & Company raised their price target on shares of Financial Engines from $60.00 to $66.00 in a research note on Friday.
In other Financial Engines news, EVP Christopher Jones sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $60.77, for a total value of $607,700.00. Following the transaction, the executive vice president now directly owns 78,646 shares in the company, valued at approximately $4,779,317. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
The stock’s 50-day moving average is $63.36 and its 200-day moving average is $60.40. The company has a market cap of $2.790 billion and a P/E ratio of 117.30.
Financial Engines, Inc (NASDAQ:FNGN) is a provider of portfolio management services, investment advice and retirement income services to participants in employer-sponsored defined contribution plans, such as 401(k) plans.
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