Financial Engines, Inc. (FNGN) Announces Earnings Results, Hits Estimates
Financial Engines, Inc. (NASDAQ:FNGN) posted its quarterly earnings data on Thursday. The asset manager reported $0.36 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.36, Briefing.com reports. Financial Engines had a return on equity of 7.31% and a net margin of 8.98%. The company had revenue of $122.20 million during the quarter, compared to analysts’ expectations of $124.11 million. During the same quarter in the previous year, the business earned $0.31 EPS. Financial Engines’s revenue was up 8.7% compared to the same quarter last year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 20th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of Infinity. The ex-dividend date of this dividend was Tuesday, September 19th. Financial Engines’s dividend payout ratio is 43.75%.
In other news, insider Jeffrey C. Grace sold 7,718 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $37.63, for a total transaction of $290,428.34. Following the completion of the transaction, the insider now directly owns 4,140 shares in the company, valued at $155,788.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jeffrey C. Grace sold 6,180 shares of the firm’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $37.00, for a total value of $228,660.00. Following the transaction, the insider now owns 9,414 shares of the company’s stock, valued at $348,318. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,159,749 shares of company stock valued at $137,635,462. 9.27% of the stock is owned by insiders.
A number of equities analysts recently issued reports on FNGN shares. Sidoti started coverage on Financial Engines in a report on Monday, July 10th. They set a “buy” rating for 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 report on Wednesday, July 12th. Finally, Barclays PLC started coverage on Financial Engines in a report on Friday, September 8th. They set an “overweight” rating and a $38.00 price objective for the company. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $42.00.
Financial Engines Company Profile
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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