NIC Inc. (EGOV) to Release Quarterly Earnings on Wednesday
NIC Inc. (NASDAQ:EGOV) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, August 2nd. Analysts expect the company to announce earnings of $0.18 per share for the quarter.
NIC (NASDAQ:EGOV) last released its quarterly earnings data on Monday, May 1st. The software maker reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.03. NIC had a return on equity of 39.07% and a net margin of 17.64%. The business had revenue of $83.20 million for the quarter, compared to analyst estimates of $81.99 million. During the same quarter in the prior year, the firm posted $0.19 EPS. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, analysts expect NIC to post $0.73 EPS for the current fiscal year and $0.79 EPS for the next fiscal year.
Shares of NIC Inc. (EGOV) traded down 0.154% on Thursday, hitting $16.225. The stock had a trading volume of 30,165 shares. The stock has a market cap of $1.07 billion, a P/E ratio of 18.977 and a beta of 0.45. The firm has a 50 day moving average of $18.95 and a 200 day moving average of $20.94. NIC Inc. has a 12 month low of $16.20 and a 12 month high of $25.90.
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A number of equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded NIC from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research note on Tuesday, July 18th. Imperial Capital raised NIC from an “in-line” rating to an “outperform” rating and set a $23.00 price target for the company in a report on Monday, July 17th. Sidoti downgraded NIC from a “buy” rating to a “neutral” rating and set a $19.00 price target for the company. in a report on Friday, July 21st. Maxim Group reduced their price target on NIC from $21.00 to $16.00 and set a “hold” rating for the company in a report on Friday, July 21st. Finally, DA Davidson assumed coverage on NIC in a report on Wednesday, June 28th. They issued a “neutral” rating and a $20.00 price target for the company. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. NIC currently has a consensus rating of “Hold” and a consensus price target of $20.00.
In related news, COO Robert W. Knapp sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $20.38, for a total value of $509,500.00. Following the sale, the chief operating officer now owns 197,531 shares of the company’s stock, valued at approximately $4,025,681.78. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 4.10% of the company’s stock.
NIC Company Profile
NIC Inc is a provider of digital government services that help governments use technology to provide services to businesses and citizens. The Company operates through Outsourced Portals segment. The Company offers its services through two channels: primary outsourced portal businesses, and software and services businesses.
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