FactSet Research Systems (FDS) Releases Quarterly Earnings Results, Meets Expectations
FactSet Research Systems (NYSE:FDS) announced its earnings results on Tuesday. The company reported $1.25 earnings per share for the quarter, meeting the analysts’ consensus estimate of $1.25, Analyst RN reports. The company had revenue of $231.80 million for the quarter, compared to the consensus estimate of $230.57 million.
A number of analysts have recently weighed in on FDS shares. Analysts at Raymond James upgraded shares of FactSet Research Systems from an “underperform” rating to a “market perform” rating in a research note on Thursday, June 12th. On a related note, analysts at Zacks reiterated a “neutral” rating on shares of FactSet Research Systems in a research note on Friday, June 6th. They now have a $114.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of FactSet Research Systems in a research note on Monday, March 24th. They now have a $112.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $107.00.
FactSet Research Systems (NYSE:FDS) opened at 113.01 on Tuesday. FactSet Research Systems has a 52 week low of $96.87 and a 52 week high of $119.08. The stock’s 50-day moving average is $107.5 and its 200-day moving average is $107.1. The company has a market cap of $4.785 billion and a P/E ratio of 23.74.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, June 17th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 1.38%. The ex-dividend date is Wednesday, May 28th. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $0.35.
FactSet Research Systems Inc (NYSE:FDS) is a provider of integrated financial information and analytical applications to the global investment community.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.