FactSet Research Systems Inc. (FDS) Releases Q4 Earnings Guidance
FactSet Research Systems Inc. (NYSE:FDS) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $1.30-1.32 for the period, compared to the Thomson Reuters consensus estimate of $1.29, AmericanBankingNews.com reports. The company issued revenue guidance of $235-240 million, compared to the consensus revenue estimate of $235.94 million.
A number of research firms have recently commented on FDS. 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 assigned a buy rating to the company’s stock. FactSet Research Systems currently has a consensus rating of Hold and a consensus price target of $107.00.
Shares of FactSet Research Systems Inc. (NYSE:FDS) opened at 113.01 on Tuesday. FactSet Research Systems Inc. has a 52-week low of $96.87 and a 52-week high of $119.08. The stock has a 50-day moving average of $107.5 and a 200-day moving average of $107.1. The company has a market cap of $4.785 billion and a price-to-earnings ratio of 23.74.
FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Tuesday, June 17th. The company reported $1.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.25. The company had revenue of $231.80 million for the quarter, compared to the consensus estimate of $230.57 million. During the same quarter in the previous year, the company posted $1.15 earnings per share. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. On average, analysts predict that FactSet Research Systems Inc. will post $4.94 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, June 17th. Stockholders 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 boost 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.
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