Equities Analysts Issue Forecasts for Financial Engines, Inc.’s FY2017 Earnings (FNGN)
Financial Engines, Inc. (NASDAQ:FNGN) – Analysts at DA Davidson raised their FY2017 earnings per share (EPS) estimates for shares of Financial Engines in a research note issued to investors on Tuesday. DA Davidson analyst P. Heckmann now anticipates that the asset manager will post earnings of $1.04 per share for the year, up from their prior forecast of $1.03. DA Davidson has a “Buy” rating and a $44.00 price target on the stock. DA Davidson also issued estimates for Financial Engines’ Q1 2018 earnings at $0.30 EPS and Q2 2018 earnings at $0.30 EPS.
Financial Engines (NASDAQ:FNGN) last issued its quarterly earnings results on Tuesday, August 8th. The asset manager reported $0.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.02). Financial Engines had a return on equity of 7.31% and a net margin of 8.98%. The company had revenue of $118.47 million for the quarter, compared to analyst estimates of $119.94 million. During the same period in the prior year, the business earned $0.28 earnings per share. Financial Engines’s revenue for the quarter was up 11.5% compared to the same quarter last year. ILLEGAL ACTIVITY WARNING: “Equities Analysts Issue Forecasts for Financial Engines, Inc.’s FY2017 Earnings (FNGN)” was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this story on another domain, it was stolen and republished in violation of international copyright and trademark legislation. The legal version of this story can be viewed at https://www.americanbankingnews.com/2017/10/05/equities-analysts-issue-forecasts-for-financial-engines-inc-s-fy2017-earnings-fngn.html.
A number of other research analysts have also issued reports on the company. Zacks Investment Research upgraded Financial Engines from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research report on Wednesday, July 12th. Sidoti started coverage on Financial Engines in a research report on Monday, July 10th. They set a “buy” rating for the company. Barclays PLC started coverage on Financial Engines in a research report on Friday, September 8th. They set an “overweight” rating and a $38.00 price objective for the company. Finally, BidaskClub lowered Financial Engines from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $42.75.
Shares of Financial Engines (NASDAQ FNGN) opened at 36.45 on Thursday. The company’s 50 day moving average price is $32.80 and its 200 day moving average price is $37.56. Financial Engines has a one year low of $25.00 and a one year high of $45.75. The firm has a market capitalization of $2.30 billion, a P/E ratio of 56.08 and a beta of 2.20.
Hedge funds have recently made changes to their positions in the business. Strs Ohio boosted its position in Financial Engines by 109.1% during the 1st quarter. Strs Ohio now owns 2,300 shares of the asset manager’s stock worth $100,000 after acquiring an additional 1,200 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Financial Engines by 13.4% in the first quarter. Victory Capital Management Inc. now owns 2,619 shares of the asset manager’s stock valued at $114,000 after buying an additional 310 shares during the period. Riverhead Capital Management LLC lifted its holdings in shares of Financial Engines by 82.4% in the second quarter. Riverhead Capital Management LLC now owns 4,561 shares of the asset manager’s stock valued at $167,000 after buying an additional 2,061 shares during the period. Ameritas Investment Partners Inc. acquired a new stake in shares of Financial Engines in the first quarter valued at $201,000. Finally, Blueport Capital L.P. lifted its holdings in shares of Financial Engines by 7.5% in the first quarter. Blueport Capital L.P. now owns 5,381 shares of the asset manager’s stock valued at $234,000 after buying an additional 375 shares during the period.
In other Financial Engines news, EVP Michael Jerome Campbell sold 2,000 shares of the business’s stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $37.55, for a total transaction of $75,100.00. Following the completion of the transaction, the executive vice president now owns 41,020 shares in the company, valued at approximately $1,540,301. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffrey C. Grace sold 8,689 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $35.00, for a total value of $304,115.00. Following the transaction, the insider now owns 11,923 shares of the company’s stock, valued at approximately $417,305. The disclosure for this sale can be found here. Insiders have sold a total of 4,133,418 shares of company stock valued at $136,670,609 in the last quarter. 15.97% of the stock is currently owned by insiders.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 20th were given a dividend of $0.07 per share. The ex-dividend date was Tuesday, September 19th. This represents a $0.28 dividend on an annualized basis and a yield of 0.77%. Financial Engines’s dividend payout ratio (DPR) is presently 43.75%.
About Financial Engines
Financial Engines, Inc is a provider of independent, technology-enabled financial advisory services, discretionary portfolio management, personalized investment advice, financial and retirement income planning, and financial education and guidance. The Company offers personalized plans for saving, investing, and generating retirement income, as well as by providing assessments of retirement income needs and readiness.
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