NIC Inc. (EGOV) to Release Quarterly Earnings on Wednesday
NIC Inc. (NASDAQ:EGOV) is scheduled to announce its earnings results after the market closes on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.19 per share for the quarter.
NIC (NASDAQ:EGOV) last issued its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.01. NIC had a return on equity of 38.37% and a net margin of 17.31%. The firm had revenue of $85.30 million during the quarter, compared to the consensus estimate of $83.57 million. During the same quarter in the previous year, the company posted $0.20 EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, analysts expect NIC to post $0.75 EPS for the current fiscal year and $0.79 EPS for the next fiscal year.
NIC Inc. (EGOV) opened at 16.85 on Wednesday. The firm has a 50-day moving average price of $17.10 and a 200 day moving average price of $18.46. The company has a market cap of $1.12 billion, a P/E ratio of 19.82 and a beta of 0.41. NIC Inc. has a 12 month low of $15.45 and a 12 month high of $25.90.
EGOV has been the subject of a number of research reports. Zacks Investment Research cut NIC from a “buy” rating to a “hold” rating in a research note on Monday, July 3rd. BidaskClub cut NIC from a “sell” rating to a “strong sell” rating in a research note on Friday, June 30th. TheStreet cut NIC from a “b-” rating to a “c+” rating in a research note on Monday, August 14th. DA Davidson initiated coverage on NIC in a research note on Wednesday, June 28th. They issued a “neutral” rating and a $20.00 price target for the company. Finally, Maxim Group dropped their price target on NIC from $21.00 to $16.00 and set a “hold” rating for the company in a research note on Friday, July 21st. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $19.29.
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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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