$319.90 Million in Sales Expected for Nice Systems Ltd. (NICE) This Quarter
Wall Street brokerages expect that Nice Systems Ltd. (NASDAQ:NICE) will post $319.90 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Nice Systems’ earnings. The highest sales estimate is $321.47 million and the lowest is $318.00 million. Nice Systems posted sales of $237.19 million during the same quarter last year, which would suggest a positive year over year growth rate of 34.9%. The firm is expected to issue its next earnings results before the market opens on Thursday, November 2nd.
According to Zacks, analysts expect that Nice Systems will report full year sales of $319.90 million for the current year, with estimates ranging from $1.33 billion to $1.45 billion. For the next fiscal year, analysts forecast that the business will post sales of $1.45 billion per share, with estimates ranging from $1.44 billion to $1.47 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Nice Systems.
Nice Systems (NASDAQ:NICE) last posted its earnings results on Thursday, August 3rd. The technology company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. Nice Systems had a net margin of 7.99% and a return on equity of 11.14%. The business had revenue of $315.30 million for the quarter, compared to analysts’ expectations of $313.44 million. During the same period in the previous year, the company posted $0.79 earnings per share. The business’s revenue for the quarter was up 33.9% compared to the same quarter last year.
NICE has been the topic of several analyst reports. Chardan Capital increased their price target on Nice Systems from $76.00 to $84.00 and gave the company a “buy” rating in a report on Monday, August 7th. Jefferies Group LLC initiated coverage on Nice Systems in a report on Friday, October 6th. They set a “hold” rating and a $84.00 price target on the stock. Royal Bank Of Canada reiterated a “hold” rating and set a $80.00 price target on shares of Nice Systems in a report on Monday, August 21st. BidaskClub downgraded Nice Systems from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, Zacks Investment Research raised Nice Systems from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $81.75.
Nice Systems (NASDAQ NICE) traded down 0.21% on Tuesday, hitting $81.30. 18,524 shares of the stock were exchanged. Nice Systems has a one year low of $63.72 and a one year high of $83.95. The company’s 50 day moving average price is $80.72 and its 200-day moving average price is $76.75. The company has a market cap of $4.90 billion, a P/E ratio of 53.14 and a beta of 0.89.
Several institutional investors and hedge funds have recently bought and sold shares of NICE. SG Americas Securities LLC boosted its position 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 valued at $251,000 after acquiring an additional 1,833 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Nice Systems by 520.2% in the first quarter. PNC Financial Services Group Inc. now owns 3,845 shares of the technology company’s stock valued at $262,000 after acquiring an additional 3,225 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Nice Systems by 23.4% in the first quarter. Envestnet Asset Management Inc. now owns 4,035 shares of the technology company’s stock valued at $273,000 after acquiring an additional 765 shares during the period. Eagle Boston Investment Management Inc. boosted its position in shares of Nice Systems by 19.1% in the second quarter. Eagle Boston Investment Management Inc. now owns 4,200 shares of the technology company’s stock valued at $330,000 after acquiring an additional 674 shares during the period. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Nice Systems in the first quarter valued at approximately $340,000. 43.64% of the stock is owned by institutional investors.
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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