Fair Isaac Corporation (NYSE:FICO) Expected to Post Earnings of $1.17 Per Share
Wall Street analysts forecast that Fair Isaac Corporation (NYSE:FICO) will report earnings per share of $1.17 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Fair Isaac Corporation’s earnings. Fair Isaac Corporation reported earnings per share of $1.00 in the same quarter last year, which would suggest a positive year-over-year growth rate of 17%. The business is scheduled to report its next earnings report on Monday, November 6th.
On average, analysts expect that Fair Isaac Corporation will report full-year earnings of $2.75 per share for the current fiscal year. For the next fiscal year, analysts expect that the company will report earnings of $3.53 per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Fair Isaac Corporation.
Fair Isaac Corporation (NYSE:FICO) last posted its earnings results on Monday, July 31st. The technology company reported $0.78 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by $0.12. The firm had revenue of $231 million during the quarter, compared to analyst estimates of $237.07 million. Fair Isaac Corporation had a net margin of 13.15% and a return on equity of 27.84%. The firm’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period last year, the company posted $1.45 EPS.
Several brokerages have recently issued reports on FICO. BidaskClub cut Fair Isaac Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Zacks Investment Research cut Fair Isaac Corporation from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 3rd. Finally, Wells Fargo & Company lifted their price target on Fair Isaac Corporation from $150.00 to $160.00 and gave the company a “positive” rating in a research report on Tuesday, August 1st.
In other news, Director Greg R. Gianforte sold 18,486 shares of Fair Isaac Corporation stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $134.50, for a total transaction of $2,486,367.00. Following the transaction, the director now directly owns 20,877 shares in the company, valued at approximately $2,807,956.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 5.60% of the stock is currently owned by company insiders.
Several institutional investors have recently modified their holdings of the company. Tyers Asset Management LLC boosted its position in shares of Fair Isaac Corporation by 5.5% in the first quarter. Tyers Asset Management LLC now owns 928 shares of the technology company’s stock worth $120,000 after buying an additional 48 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of Fair Isaac Corporation during the first quarter worth about $142,000. Elkfork Partners LLC boosted its position in shares of Fair Isaac Corporation by 5.5% in the first quarter. Elkfork Partners LLC now owns 1,276 shares of the technology company’s stock worth $165,000 after buying an additional 66 shares during the last quarter. Meadow Creek Investment Management LLC boosted its position in shares of Fair Isaac Corporation by 5.5% in the first quarter. Meadow Creek Investment Management LLC now owns 1,624 shares of the technology company’s stock worth $209,000 after buying an additional 84 shares during the last quarter. Finally, Creative Planning boosted its position in shares of Fair Isaac Corporation by 283.1% in the second quarter. Creative Planning now owns 1,659 shares of the technology company’s stock worth $231,000 after buying an additional 1,226 shares during the last quarter. Institutional investors and hedge funds own 91.41% of the company’s stock.
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Fair Isaac Corporation (NYSE FICO) traded down 0.326% during mid-day trading on Tuesday, reaching $139.155. The company’s stock had a trading volume of 3,203 shares. The company has a market capitalization of $4.26 billion, a PE ratio of 37.307 and a beta of 1.20. The firm has a 50 day moving average price of $139.67 and a 200-day moving average price of $132.59. Fair Isaac Corporation has a 1-year low of $109.77 and a 1-year high of $147.02.
Fair Isaac Corporation Company Profile
Fair Isaac Corporation (FICO) is a provider of analytic, software and data management products and services that enable businesses to automate and connect decisions. The Company operates through three segments: Applications, Scores and Decision Management Software. The Applications segment includes pre-configured decision management applications designed for a specific type of business problem or process, such as marketing, account origination, customer management, fraud, collections and insurance claims management.
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