$314.05 Million in Sales Expected for Nice Systems Ltd. (NASDAQ:NICE) This Quarter
Analysts expect that Nice Systems Ltd. (NASDAQ:NICE) will post $314.05 million in sales for the current quarter, according to Zacks Investment Research. 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 reported sales of $228.53 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 37.4%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Thursday, August 3rd.
On average, analysts expect that Nice Systems will report full-year sales of $314.05 million for the current financial year, with estimates ranging from $1.33 billion to $1.35 billion. For the next fiscal year, analysts expect that the company will post sales of $1.45 billion per share, with estimates ranging from $1.44 billion to $1.47 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Nice Systems.
Nice Systems (NASDAQ:NICE) last issued its quarterly earnings results on Thursday, May 4th. The technology company reported $0.75 EPS for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.11. The firm had revenue of $305.62 million for the quarter, compared to analyst estimates of $308.97 million. Nice Systems had a net margin of 9.05% and a return on equity of 12.81%.
Several research firms have recently issued reports on NICE. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $80.00 price objective on shares of Nice Systems in a research report on Friday, May 12th. Zacks Investment Research cut shares of Nice Systems from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 11th. Finally, Citigroup Inc. began coverage on shares of Nice Systems in a research report on Wednesday, June 7th. They set a “neutral” rating and a $82.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Nice Systems presently has a consensus rating of “Hold” and an average target price of $77.14.
A number of large investors have recently made changes to their positions in the company. World Asset Management Inc raised its position in Nice Systems by 1.2% in the first quarter. World Asset Management Inc now owns 3,742 shares of the technology company’s stock valued at $254,000 after buying an additional 43 shares during the last quarter. United Capital Financial Advisers LLC raised its position in Nice Systems by 0.5% in the first quarter. United Capital Financial Advisers LLC now owns 20,633 shares of the technology company’s stock valued at $1,403,000 after buying an additional 98 shares during the last quarter. Fisher Asset Management LLC raised its position in Nice Systems by 0.3% in the first quarter. Fisher Asset Management LLC now owns 84,057 shares of the technology company’s stock valued at $5,714,000 after buying an additional 220 shares during the last quarter. Asset Management One Co. Ltd. raised its position 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. Finally, Comerica Bank raised its position in Nice Systems by 10.3% in the fourth quarter. Comerica Bank now owns 3,690 shares of the technology company’s stock valued at $255,000 after buying an additional 344 shares during the last quarter. Institutional investors own 43.03% of the company’s stock.
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Shares of Nice Systems (NASDAQ:NICE) traded down 0.006% during trading on Friday, hitting $77.785. 41,504 shares of the stock were exchanged. Nice Systems has a 52-week low of $63.46 and a 52-week high of $81.16.
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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