Nice Ltd (NICE) Expected to Announce Quarterly Sales of $393.89 Million

Wall Street analysts predict that Nice Ltd (NASDAQ:NICE) will report $393.89 million in sales for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Nice’s earnings, with estimates ranging from $390.00 million to $399.38 million. Nice reported sales of $323.86 million during the same quarter last year, which indicates a positive year-over-year growth rate of 21.6%. The company is expected to issue its next earnings report before the market opens on Thursday, February 15th.

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

Nice (NASDAQ:NICE) last posted its earnings results on Thursday, November 2nd. The technology company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. Nice had a return on equity of 9.71% and a net margin of 7.12%.

A number of research analysts have weighed in on NICE shares. Jefferies Group increased their price target on Nice from $84.00 to $87.00 and gave the stock a “hold” rating in a research note on Friday, November 3rd. Zacks Investment Research lowered Nice from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Citigroup reissued an “outperform” rating and set a $100.00 price target (up previously from $90.00) on shares of Nice in a research note on Wednesday, December 13th. They noted that the move was a valuation call. JPMorgan Chase & Co. lowered Nice from an “overweight” rating to a “neutral” rating in a research note on Friday, November 3rd. Finally, Chardan Capital lowered Nice from a “buy” rating to a “neutral” rating and set a $91.00 price target on the stock. in a research note on Monday, November 6th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $89.63.

Shares of Nice (NICE) traded down $0.23 during trading on Monday, hitting $93.60. The company’s stock had a trading volume of 194,300 shares, compared to its average volume of 168,031. Nice has a one year low of $65.72 and a one year high of $95.65. The stock has a market cap of $5,619.46, a price-to-earnings ratio of 64.11, a PEG ratio of 3.65 and a beta of 0.90. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.27.

Institutional investors and hedge funds have recently modified their holdings of the stock. Iberiabank Corp acquired a new position in Nice in the third quarter worth approximately $270,000. Ameriprise Financial Inc. lifted its position in Nice by 16.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,014 shares of the technology company’s stock worth $395,000 after acquiring an additional 724 shares during the last quarter. Eaton Vance Management acquired a new position in Nice during the 2nd quarter worth $426,000. Russell Investments Group Ltd. lifted its position in Nice by 22.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 5,460 shares of the technology company’s stock worth $444,000 after acquiring an additional 1,013 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Nice by 12.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 11,482 shares of the technology company’s stock worth $905,000 after acquiring an additional 1,281 shares during the last quarter. 44.99% of the stock is currently owned by institutional investors and hedge funds.

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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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