Wall Street analysts forecast that Fair Isaac Co. (NYSE:FICO) will report sales of $244.21 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Fair Isaac’s earnings, with estimates ranging from $242.40 million to $246.02 million. Fair Isaac reported sales of $228.38 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.9%. The company is expected to issue its next earnings results on Thursday, April 26th.
According to Zacks, analysts expect that Fair Isaac will report full year sales of $244.21 million for the current fiscal year, with estimates ranging from $990.00 million to $996.32 million. For the next year, analysts expect that the business will report sales of $1.05 billion per share, with estimates ranging from $1.05 billion to $1.06 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Fair Isaac.
Fair Isaac (NYSE:FICO) last announced its quarterly earnings data on Thursday, January 25th. The technology company reported $1.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.59. Fair Isaac had a return on equity of 30.96% and a net margin of 12.41%. The company had revenue of $235.30 million for the quarter, compared to analyst estimates of $235.04 million. During the same quarter last year, the firm earned $1.03 EPS. Fair Isaac’s revenue for the quarter was up 7.1% compared to the same quarter last year.
In related news, Director Joanna Rees bought 3,000 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was acquired at an average price of $152.00 per share, for a total transaction of $456,000.00. Following the transaction, the director now directly owns 4,989 shares of the company’s stock, valued at $758,328. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.80% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of FICO. Koch Industries Inc. lifted its position in shares of Fair Isaac by 23,947.1% during the 2nd quarter. Koch Industries Inc. now owns 873,631 shares of the technology company’s stock worth $867,000 after buying an additional 869,998 shares during the period. Royal Bank of Canada raised its position in Fair Isaac by 7,316.4% in the 2nd quarter. Royal Bank of Canada now owns 50,135 shares of the technology company’s stock valued at $6,989,000 after purchasing an additional 49,459 shares during the last quarter. State Street Corp raised its position in Fair Isaac by 3.7% in the 2nd quarter. State Street Corp now owns 1,030,356 shares of the technology company’s stock valued at $143,644,000 after purchasing an additional 37,156 shares during the last quarter. Banbury Partners LLC raised its position in Fair Isaac by 14.9% in the 3rd quarter. Banbury Partners LLC now owns 247,895 shares of the technology company’s stock valued at $34,829,000 after purchasing an additional 32,198 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in Fair Isaac in the 4th quarter valued at $2,358,000. Institutional investors and hedge funds own 88.03% of the company’s stock.
Shares of Fair Isaac (FICO) opened at $164.47 on Wednesday. Fair Isaac has a fifty-two week low of $122.22 and a fifty-two week high of $177.91. The firm has a market capitalization of $5,093.78, a P/E ratio of 44.81, a PEG ratio of 3.91 and a beta of 1.30. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.20.
Fair Isaac Company Profile
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.
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