Financial Engines (FNGN) Set to Announce Earnings on Wednesday

Financial Engines (NASDAQ:FNGN) is scheduled to release its earnings data after the market closes on Wednesday, February 21st. Analysts expect Financial Engines to post earnings of $0.37 per share for the quarter.

Financial Engines (NASDAQ:FNGN) opened at $27.95 on Wednesday. Financial Engines has a one year low of $24.45 and a one year high of $45.75. The company has a market cap of $1,753.89, a price-to-earnings ratio of 29.16, a PEG ratio of 1.49 and a beta of 1.89.

Financial Engines announced that its board has initiated a stock buyback program on Thursday, November 2nd that permits the company to buyback $60.00 million in outstanding shares. This buyback authorization permits the asset manager to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

Several equities research analysts recently issued reports on the stock. ValuEngine downgraded shares of Financial Engines from a “hold” rating to a “sell” rating in a research note on Tuesday. BidaskClub downgraded shares of Financial Engines from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. TheStreet downgraded shares of Financial Engines from a “b-” rating to a “c” rating in a research note on Friday, November 24th. DA Davidson reaffirmed a “buy” rating and set a $38.00 price target on shares of Financial Engines in a research note on Monday, November 6th. Finally, Zacks Investment Research downgraded shares of Financial Engines from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $35.75.

In related news, Director Blake R. Grossman acquired 18,000 shares of the firm’s stock in a transaction on Thursday, December 7th. The stock was bought at an average cost of $28.71 per share, with a total value of $516,780.00. Following the acquisition, the director now directly owns 43,726 shares in the company, valued at $1,255,373.46. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Lawrence M. Raffone acquired 15,000 shares of the firm’s stock in a transaction on Thursday, December 7th. The shares were bought at an average cost of $28.54 per share, with a total value of $428,100.00. Following the completion of the acquisition, the chief executive officer now owns 66,540 shares in the company, valued at $1,899,051.60. The disclosure for this purchase can be found here. Insiders own 9.27% of the company’s stock.

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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.

Earnings History for Financial Engines (NASDAQ:FNGN)

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