$393.89 Million in Sales Expected for Nice Ltd (NICE) This Quarter

Equities research analysts expect that Nice Ltd (NASDAQ:NICE) will post $393.89 million in sales for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Nice’s earnings, with the lowest sales estimate coming in at $390.00 million and the highest estimate coming in at $399.38 million. Nice reported sales of $323.86 million in the same quarter last year, which indicates a positive year-over-year growth rate of 21.6%. The business is scheduled to announce its next earnings report on Thursday, February 15th.

On average, analysts expect that Nice will report full-year sales of $393.89 million for the current financial year, with estimates ranging from $1.33 billion to $1.35 billion. For the next financial year, analysts anticipate that the company will post sales of $1.46 billion per share, with estimates ranging from $1.44 billion to $1.48 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Nice.

Several equities analysts have recently issued reports on NICE shares. Zacks Investment Research cut Nice from a “buy” rating to a “hold” rating in a research note on Thursday. BidaskClub raised Nice from a “sell” rating to a “hold” rating in a research note on Wednesday, December 27th. Oppenheimer reissued a “buy” rating and set a $100.00 target price (up from $90.00) on shares of Nice in a research note on Wednesday, December 13th. Citigroup reissued an “outperform” rating and set a $100.00 target price (up from $90.00) on shares of Nice in a research note on Wednesday, December 13th. They noted that the move was a valuation call. Finally, Chardan Capital cut Nice from a “buy” rating to a “neutral” rating and set a $91.00 target price on the stock. in a research note on Monday, November 6th. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $88.11.

A number of hedge funds have recently modified their holdings of the stock. Investec Asset Management LTD grew its stake in Nice by 1.9% in the second quarter. Investec Asset Management LTD now owns 752,316 shares of the technology company’s stock worth $59,222,000 after purchasing an additional 14,075 shares during the period. American Capital Management Inc. boosted its holdings in Nice by 0.6% in the third quarter. American Capital Management Inc. now owns 567,032 shares of the technology company’s stock worth $46,105,000 after acquiring an additional 3,290 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its holdings in Nice by 95.7% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 435,444 shares of the technology company’s stock worth $35,406,000 after acquiring an additional 212,901 shares in the last quarter. Eagle Asset Management Inc. boosted its holdings in Nice by 2.8% in the third quarter. Eagle Asset Management Inc. now owns 284,565 shares of the technology company’s stock worth $22,941,000 after acquiring an additional 7,790 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its holdings in Nice by 4.3% in the third quarter. Parametric Portfolio Associates LLC now owns 207,981 shares of the technology company’s stock worth $16,911,000 after acquiring an additional 8,621 shares in the last quarter. 45.00% of the stock is currently owned by institutional investors.

Shares of Nice (NASDAQ NICE) traded up $0.58 during mid-day trading on Friday, reaching $92.68. The company’s stock had a trading volume of 106,600 shares, compared to its average volume of 190,267. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.27. Nice has a 12-month low of $65.59 and a 12-month high of $93.76. The company has a market capitalization of $5,529.41, a P/E ratio of 63.48, a P/E/G ratio of 3.61 and a beta of 0.90.

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About Nice

NICE Ltd., formerly NICE-Systems Ltd., is a global enterprise software provider. The Company’s segments include Customer Interactions Solutions, and Financial Crime and Compliance Solutions. The Customer Interactions Solutions segment provides data driven insights that enable businesses to deliver personalized experience to customers.

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