Fair Isaac Corporation (FICO) Expected to Announce Quarterly Sales of $235.95 Million
Wall Street analysts expect that Fair Isaac Corporation (NYSE:FICO) will report $235.95 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Fair Isaac Corporation’s earnings, with the lowest sales estimate coming in at $235.20 million and the highest estimate coming in at $236.69 million. Fair Isaac Corporation reported sales of $219.60 million during the same quarter last year, which indicates a positive year-over-year growth rate of 7.4%. The business is scheduled to issue its next quarterly earnings report on Tuesday, January 30th.
On average, analysts expect that Fair Isaac Corporation will report full year sales of $235.95 million for the current fiscal year, with estimates ranging from $925.67 million to $935.00 million. For the next financial year, analysts forecast that the company will post sales of $993.65 million per share, with estimates ranging from $990.00 million to $997.30 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Fair Isaac Corporation.
Fair Isaac Corporation (NYSE:FICO) last announced its earnings results on Wednesday, November 1st. The technology company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.48. The company had revenue of $253.21 million for the quarter, compared to analysts’ expectations of $249.11 million. Fair Isaac Corporation had a net margin of 13.76% and a return on equity of 30.03%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.28 EPS.
Several brokerages have recently weighed in on FICO. BidaskClub cut shares of Fair Isaac Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Zacks Investment Research cut shares of Fair Isaac Corporation from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 3rd. Wells Fargo & Company boosted their price target on shares of Fair Isaac Corporation from $150.00 to $160.00 and gave the company a “positive” rating in a research report on Tuesday, August 1st. Finally, Barclays PLC boosted their price target on shares of Fair Isaac Corporation from $135.00 to $140.00 and gave the company an “equal weight” rating in a research report on Thursday, November 2nd.
In other Fair Isaac Corporation news, Director Joanna Rees purchased 3,000 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were bought at an average cost of $152.00 per share, for a total transaction of $456,000.00. Following the completion of the purchase, the director now directly owns 4,989 shares of the company’s stock, valued at $758,328. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director A George Battle sold 5,000 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $150.46, for a total transaction of $752,300.00. Following the sale, the director now owns 21,259 shares in the company, valued at $3,198,629.14. The disclosure for this sale can be found here. Insiders sold 15,000 shares of company stock worth $2,155,385 in the last ninety days. 5.60% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the stock. YorkBridge Wealth Partners LLC purchased a new stake in shares of Fair Isaac Corporation during the second quarter worth approximately $138,000. Acrospire Investment Management LLC purchased a new stake in shares of Fair Isaac Corporation during the second quarter worth approximately $139,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Fair Isaac Corporation by 15.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,233 shares of the technology company’s stock worth $172,000 after buying an additional 161 shares during the period. Advisory Services Network LLC increased its stake in shares of Fair Isaac Corporation by 17.9% during the second quarter. Advisory Services Network LLC now owns 1,297 shares of the technology company’s stock worth $181,000 after buying an additional 197 shares during the period. Finally, GSA Capital Partners LLP purchased a new stake in shares of Fair Isaac Corporation during the second quarter worth approximately $208,000. Hedge funds and other institutional investors own 88.10% of the company’s stock.
Fair Isaac Corporation (NYSE:FICO) opened at $154.68 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.81 and a debt-to-equity ratio of 1.09. The firm has a market cap of $4,638.85, a PE ratio of 38.96, a PEG ratio of 4.20 and a beta of 1.26. Fair Isaac Corporation has a 1 year low of $110.18 and a 1 year high of $155.24.
Fair Isaac Corporation declared that its board has approved a share buyback plan on Wednesday, November 1st that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the technology company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.
ILLEGAL ACTIVITY WARNING: “Fair Isaac Corporation (FICO) Expected to Announce Quarterly Sales of $235.95 Million” was first posted by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of US & international copyright laws. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/11/12/fair-isaac-corporation-fico-expected-to-announce-quarterly-sales-of-235-95-million.html.
About Fair Isaac Corporation
Fair Isaac Corporation (FICO) is a provider of analytic, software and data management products and services that enable businesses to automate and connect decisions. The Company operates through three segments: Applications, Scores and Decision Management Software. The Applications segment includes pre-configured decision management applications designed for a specific type of business problem or process, such as marketing, account origination, customer management, fraud, collections and insurance claims management.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Fair Isaac Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fair Isaac Corporation and related companies with MarketBeat.com's FREE daily email newsletter.