Analysts Anticipate Nice Systems Ltd. (NICE) Will Post Quarterly Sales of $314.05 Million
Analysts expect that Nice Systems Ltd. (NASDAQ:NICE) will post $314.05 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for Nice Systems’ earnings, with the highest sales estimate coming in at $315.40 million and the lowest estimate coming in at $312.00 million. Nice Systems posted sales of $228.53 million during the same quarter last year, which would indicate a positive year over year growth rate of 37.4%. The business is scheduled to report its next quarterly earnings report on Thursday, July 27th.
According to Zacks, analysts expect that Nice Systems will report full year sales of $314.05 million for the current year, with estimates ranging from $1.33 billion to $1.35 billion. For the next financial year, analysts forecast that the business will report sales of $1.45 billion per share, with estimates ranging from $1.44 billion to $1.47 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Nice Systems.
Nice Systems (NASDAQ:NICE) last announced its quarterly earnings data on Thursday, May 4th. The technology company reported $0.75 EPS for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.11. The business had revenue of $305.62 million during the quarter, compared to the consensus estimate of $308.97 million. Nice Systems had a return on equity of 12.81% and a net margin of 9.05%.
A number of equities analysts have recently weighed in on NICE shares. Zacks Investment Research downgraded shares of Nice Systems from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 11th. Citigroup Inc. started coverage on shares of Nice Systems in a report on Wednesday, June 7th. They set a “neutral” rating and a $82.00 price target for the company. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $80.00 price target on shares of Nice Systems in a report on Friday, May 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. Nice Systems has an average rating of “Hold” and a consensus target price of $76.75.
Several hedge funds have recently bought and sold shares of the company. Asset Management One Co. Ltd. raised its stake in Nice Systems by 12.8% in the first quarter. Asset Management One Co. Ltd. now owns 2,650 shares of the technology company’s stock valued at $180,000 after buying an additional 300 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Nice Systems by 739.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,096 shares of the technology company’s stock worth $210,000 after buying an additional 2,727 shares in the last quarter. Eagle Boston Investment Management Inc. raised its stake in shares of Nice Systems by 15.0% in the first quarter. Eagle Boston Investment Management Inc. now owns 3,526 shares of the technology company’s stock worth $239,000 after buying an additional 459 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Nice Systems by 98.5% in the first quarter. SG Americas Securities LLC now owns 3,693 shares of the technology company’s stock worth $251,000 after buying an additional 1,833 shares in the last quarter. Finally, World Asset Management Inc raised its stake in shares of Nice Systems by 1.2% in the first quarter. World Asset Management Inc now owns 3,742 shares of the technology company’s stock worth $254,000 after buying an additional 43 shares in the last quarter. 43.09% of the stock is owned by institutional investors.
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Shares of Nice Systems (NASDAQ NICE) opened at 79.64 on Friday. The stock has a 50 day moving average price of $76.42 and a 200-day moving average price of $70.34. Nice Systems has a 12 month low of $59.07 and a 12 month high of $81.16. The stock has a market cap of $4.79 billion, a P/E ratio of 49.16 and a beta of 0.84.
Nice Systems Company Profile
NICE Ltd., formerly NICE-Systems Ltd., is a global enterprise software provider. The Company’s segments include Customer Interactions Solutions, and Financial Crime and Compliance Solutions. The Customer Interactions Solutions segment provides data driven insights that enable businesses to deliver personalized experience to customers.
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