FactSet Research Systems Inc. (FDS) Expected to Post Earnings of $1.84 Per Share
Wall Street analysts expect that FactSet Research Systems Inc. (NYSE:FDS) will report earnings per share of $1.84 for the current quarter, Zacks reports. Six analysts have provided estimates for FactSet Research Systems’ earnings. The lowest EPS estimate is $1.83 and the highest is $1.84. FactSet Research Systems posted earnings of $1.64 per share in the same quarter last year, which indicates a positive year over year growth rate of 12.2%. The business is expected to issue its next earnings report before the market opens on Tuesday, June 27th.
According to Zacks, analysts expect that FactSet Research Systems will report full year earnings of $7.29 per share for the current year, with EPS estimates ranging from $7.27 to $7.32. For the next year, analysts forecast that the business will report earnings of $8.02 per share, with EPS estimates ranging from $7.89 to $8.16. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow FactSet Research Systems.
FactSet Research Systems (NYSE:FDS) last issued its earnings results on Tuesday, March 28th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.80 by $0.01. FactSet Research Systems had a return on equity of 54.23% and a net margin of 29.76%. The business had revenue of $294.40 million during the quarter, compared to analysts’ expectations of $296.04 million. During the same quarter in the previous year, the business earned $1.63 EPS. The company’s revenue for the quarter was up 4.5% on a year-over-year basis.
A number of analysts recently issued reports on FDS shares. Zacks Investment Research raised shares of FactSet Research Systems from a “hold” rating to a “buy” rating and set a $198.00 price target on the stock in a report on Tuesday, March 14th. BidaskClub downgraded shares of FactSet Research Systems from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. Deutsche Bank AG started coverage on shares of FactSet Research Systems in a report on Wednesday, May 10th. They set a “hold” rating and a $160.00 price target on the stock. Stifel Nicolaus reissued a “hold” rating and set a $163.00 price target on shares of FactSet Research Systems in a report on Tuesday, April 25th. Finally, Credit Suisse Group increased their price objective on shares of FactSet Research Systems from $179.00 to $185.00 and gave the company an “outperform” rating in a report on Wednesday, March 29th. Four 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 an average rating of “Hold” and an average target price of $168.30.
In other FactSet Research Systems news, Director Joseph E. Laird, Jr. sold 1,000 shares of the stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $166.00, for a total transaction of $166,000.00. Following the transaction, the director now directly owns 9,000 shares of the company’s stock, valued at $1,494,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 2.70% of the company’s stock.
Large investors have recently modified their holdings of the stock. SRS Capital Advisors Inc. boosted its stake in shares of FactSet Research Systems by 17.4% in the first quarter. SRS Capital Advisors Inc. now owns 891 shares of the business services provider’s stock worth $147,000 after buying an additional 132 shares during the period. Harfst & Associates Inc. acquired a new stake in shares of FactSet Research Systems during the first quarter worth approximately $199,000. Penobscot Investment Management Company Inc. boosted its stake in shares of FactSet Research Systems by 2.7% in the first quarter. Penobscot Investment Management Company Inc. now owns 1,270 shares of the business services provider’s stock worth $209,000 after buying an additional 33 shares during the period. Suntrust Banks Inc. boosted its stake in shares of FactSet Research Systems by 4.0% in the first quarter. Suntrust Banks Inc. now owns 1,313 shares of the business services provider’s stock worth $215,000 after buying an additional 50 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in shares of FactSet Research Systems during the first quarter worth approximately $238,000. Institutional investors and hedge funds own 94.58% of the company’s stock.
Shares of FactSet Research Systems (FDS) traded up 0.64% during mid-day trading on Monday, hitting $171.03. The stock had a trading volume of 22,966 shares. FactSet Research Systems has a one year low of $149.39 and a one year high of $183.64. The company has a 50-day moving average of $163.35 and a 200 day moving average of $168.31. The firm has a market cap of $6.75 billion, a price-to-earnings ratio of 20.09 and a beta of 0.85.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 20th. Shareholders of record on Wednesday, May 31st will be issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 1.32%. This is an increase from FactSet Research Systems’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, May 26th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 26.32%.
FactSet Research Systems Company Profile
Factset Research Systems Inc is engaged in providing integrated financial information and big data analytical applications for the global investment community. The Company’s segments include the U.S., Europe and Asia Pacific. The U.S. segment services finance professionals, including financial institutions throughout the Americas.
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