Brokerages predict that Financial Engines, Inc. (NASDAQ:FNGN) will post $125.41 million in sales for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Financial Engines’ earnings. The lowest sales estimate is $124.20 million and the highest is $126.17 million. Financial Engines posted sales of $113.22 million in the same quarter last year, which suggests a positive year over year growth rate of 10.8%. The firm is scheduled to issue its next quarterly earnings results on Thursday, February 22nd.

On average, analysts expect that Financial Engines will report full-year sales of $125.41 million for the current year, with estimates ranging from $479.00 million to $480.99 million. For the next year, analysts anticipate that the company will report sales of $512.45 million per share, with estimates ranging from $507.00 million to $521.04 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Financial Engines.

Financial Engines (NASDAQ:FNGN) last issued its quarterly earnings results on Thursday, November 2nd. The asset manager reported $0.36 earnings per share for the quarter, meeting the consensus estimate of $0.36. The company had revenue of $122.20 million during the quarter, compared to analysts’ expectations of $124.11 million. Financial Engines had a return on equity of 7.60% and a net margin of 10.56%. The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.31 earnings per share.

Several equities research analysts recently commented on the company. Barclays assumed coverage on Financial Engines in a research report on Friday, September 8th. They set an “overweight” rating and a $38.00 target price on the stock. William Blair lowered Financial Engines from an “outperform” rating to a “market perform” rating in a research report on Friday, November 3rd. Zacks Investment Research lowered Financial Engines from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Northland Securities restated a “buy” rating on shares of Financial Engines in a research report on Friday, November 3rd. Finally, ValuEngine lowered Financial Engines from a “hold” rating to a “sell” rating in a research report on Saturday, November 25th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $38.50.

Shares of Financial Engines (NASDAQ FNGN) opened at $29.00 on Wednesday. Financial Engines has a 52-week low of $24.45 and a 52-week high of $45.75. The company has a market capitalization of $1,807.71, a PE ratio of 30.05, a P/E/G ratio of 1.84 and a beta of 2.15.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Thursday, December 14th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, December 13th. This represents a $0.28 annualized dividend and a yield of 0.97%. Financial Engines’s payout ratio is currently 36.36%.

Financial Engines declared that its Board of Directors has initiated a stock repurchase program on Thursday, November 2nd that permits the company to repurchase $60.00 million in outstanding shares. This repurchase authorization permits the asset manager to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

In other news, insider Jeffrey C. Grace sold 8,689 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $35.00, for a total value of $304,115.00. Following the completion of the sale, the insider now directly owns 11,923 shares of the company’s stock, valued at $417,305. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Michael Jerome Campbell sold 2,000 shares of the stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $32.05, for a total value of $64,100.00. Following the completion of the sale, the executive vice president now directly owns 41,020 shares of the company’s stock, valued at $1,314,691. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,634 shares of company stock worth $1,464,833. Corporate insiders own 9.27% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. increased its position in shares of Financial Engines by 17.7% during the second quarter. Victory Capital Management Inc. now owns 3,083 shares of the asset manager’s stock valued at $113,000 after acquiring an additional 464 shares during the last quarter. Riverhead Capital Management LLC increased its position in shares of Financial Engines by 82.4% during the second quarter. Riverhead Capital Management LLC now owns 4,561 shares of the asset manager’s stock valued at $167,000 after acquiring an additional 2,061 shares during the last quarter. Ameritas Investment Partners Inc. increased its position in shares of Financial Engines by 11.3% during the second quarter. Ameritas Investment Partners Inc. now owns 5,140 shares of the asset manager’s stock valued at $188,000 after acquiring an additional 520 shares during the last quarter. Shelton Capital Management purchased a new stake in shares of Financial Engines during the second quarter valued at approximately $208,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Financial Engines during the third quarter valued at approximately $206,000.

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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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Earnings History and Estimates for Financial Engines (NASDAQ:FNGN)

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