Financial Engines, Inc. (FNGN) Expected to Announce Earnings of $0.38 Per Share
Equities analysts predict that Financial Engines, Inc. (NASDAQ:FNGN) will announce earnings per share (EPS) of $0.38 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Financial Engines’ earnings, with estimates ranging from $0.37 to $0.39. Financial Engines reported earnings of $0.29 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 31%. The firm is scheduled to issue its next quarterly earnings report on Thursday, February 22nd.
On average, analysts expect that Financial Engines will report full year earnings of $1.37 per share for the current financial year, with EPS estimates ranging from $1.35 to $1.39. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.57 per share, with EPS estimates ranging from $1.51 to $1.62. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Financial Engines.
Financial Engines (NASDAQ:FNGN) last issued its earnings results on Thursday, November 2nd. The asset manager reported $0.36 EPS for the quarter, hitting analysts’ consensus estimates of $0.36. The firm had revenue of $122.20 million for the quarter, compared to the consensus estimate of $124.11 million. Financial Engines had a return on equity of 7.74% and a net margin of 10.56%. The company’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.31 earnings per share.
Several research analysts have weighed in on the company. Zacks Investment Research upgraded Financial Engines from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a report on Wednesday, July 12th. Sidoti started coverage on shares of Financial Engines in a research note on Monday, July 10th. They set a “buy” rating on the stock. Raymond James Financial, Inc. restated an “underperform” rating on shares of Financial Engines in a report on Friday. UBS Group AG (USA) lowered shares of Financial Engines to an “underperform” rating in a research note on Friday. Finally, William Blair downgraded shares of Financial Engines from an “outperform” rating to a “market perform” rating in a research report on Friday. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $42.00.
Shares of Financial Engines (NASDAQ:FNGN) opened at $26.60 on Friday. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 36.90, a P/E/G ratio of 2.37 and a beta of 2.25.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Thursday, December 14th will be paid a $0.07 dividend. The ex-dividend date is Wednesday, December 13th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.05%. Financial Engines’s payout ratio is currently 36.36%.
In related news, insider Jeffrey C. Grace sold 6,180 shares of the business’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $37.00, for a total value of $228,660.00. Following the sale, the insider now directly owns 9,414 shares in the company, valued at approximately $348,318. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael E. Martin sold 4,109,128 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $33.05, for a total value of $135,806,680.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,159,749 shares of company stock valued at $137,635,462. 9.27% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the company. BlackRock Inc. raised its stake in Financial Engines by 163,234.9% during the 1st quarter. BlackRock Inc. now owns 7,137,735 shares of the asset manager’s stock valued at $310,848,000 after purchasing an additional 7,133,365 shares during the period. Janus Henderson Group PLC purchased a new position in Financial Engines during the 2nd quarter valued at $106,955,000. Vanguard Group Inc. boosted its holdings in Financial Engines by 11.3% during the 1st quarter. Vanguard Group Inc. now owns 4,960,319 shares of the asset manager’s stock valued at $216,023,000 after acquiring an additional 504,246 shares during the period. Assenagon Asset Management S.A. purchased a new stake in shares of Financial Engines in the third quarter worth about $9,131,000. Finally, Dimensional Fund Advisors LP boosted its position in Financial Engines by 44.5% during the second quarter. Dimensional Fund Advisors LP now owns 763,937 shares of the asset manager’s stock worth $27,960,000 after purchasing an additional 235,185 shares in the last quarter.
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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