Wall Street brokerages forecast that Nice Ltd (NASDAQ:NICE) will announce earnings of $1.42 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Nice’s earnings. The lowest EPS estimate is $1.39 and the highest is $1.47. Nice reported earnings per share of $1.35 in the same quarter last year, which would suggest a positive year over year growth rate of 5.2%. The business is expected to issue its next earnings report on Thursday, February 21st.
On average, analysts expect that Nice will report full-year earnings of $4.63 per share for the current fiscal year, with EPS estimates ranging from $4.61 to $4.69. For the next year, analysts expect that the company will post earnings of $5.12 per share, with EPS estimates ranging from $5.00 to $5.24. Zacks’ EPS averages are a mean average based on a survey of analysts that cover Nice.
Nice (NASDAQ:NICE) last posted its earnings results on Thursday, November 8th. The technology company reported $0.62 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.04). The business had revenue of $356.45 million for the quarter, compared to analyst estimates of $350.67 million. Nice had a return on equity of 9.49% and a net margin of 12.37%.
Several research firms have commented on NICE. Zacks Investment Research raised shares of Nice from a “hold” rating to a “strong-buy” rating and set a $127.00 target price on the stock in a research report on Friday, November 23rd. Wedbush began coverage on shares of Nice in a research report on Thursday, October 18th. They set an “outperform” rating and a $130.00 target price on the stock. JPMorgan Chase & Co. increased their target price on shares of Nice from $104.00 to $110.00 and gave the stock a “neutral” rating in a research report on Friday, August 10th. Royal Bank of Canada increased their target price on shares of Nice to $120.00 and gave the stock a “market perform” rating in a research report on Friday, November 9th. Finally, Barclays reissued a “hold” rating and set a $114.00 target price on shares of Nice in a research report on Friday, August 10th. Seven analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $113.00.
Several large investors have recently modified their holdings of the company. Diversified Trust Co acquired a new stake in shares of Nice in the third quarter valued at about $1,185,000. Csenge Advisory Group acquired a new stake in Nice during the third quarter worth about $485,000. Banco de Sabadell S.A acquired a new stake in Nice during the third quarter worth about $846,000. Advisors Asset Management Inc. grew its position in Nice by 15.7% during the third quarter. Advisors Asset Management Inc. now owns 5,968 shares of the technology company’s stock worth $683,000 after buying an additional 809 shares in the last quarter. Finally, Castleark Management LLC grew its position in Nice by 98.8% during the third quarter. Castleark Management LLC now owns 53,815 shares of the technology company’s stock worth $6,160,000 after buying an additional 26,750 shares in the last quarter. 44.99% of the stock is currently owned by institutional investors.
Nice stock traded down $1.45 during mid-day trading on Friday, hitting $112.52. 196,013 shares of the company’s stock were exchanged, compared to its average volume of 214,259. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.34 and a quick ratio of 1.34. The company has a market capitalization of $6.94 billion, a price-to-earnings ratio of 48.71, a PEG ratio of 2.94 and a beta of 0.90. Nice has a 1-year low of $84.49 and a 1-year high of $119.83.
Nice Company Profile
NICE Ltd. provides enterprise software solutions worldwide. It operates in two segments, Customer Engagement and Financial Crime and Compliance. The Customer Engagement segment offers platform and solutions that empower businesses to deliver consistent and personalized experience across the customer journey, and delivered in the cloud, as well as on premise.
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