Nice (NICE) Releases FY19 Earnings Guidance

Nice (NASDAQ:NICE) updated its FY19 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $5.11-5.31 for the period, compared to the Thomson Reuters consensus estimate of $5.18. The company issued revenue guidance of $1.56-1.58 billion, compared to the consensus revenue estimate of $1.57 billion.Nice also updated its FY 2019 guidance to $5.11-5.31 EPS.

Shares of NICE opened at $132.07 on Thursday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.23. Nice has a 52 week low of $100.54 and a 52 week high of $140.29. The company has a market capitalization of $8.11 billion, a PE ratio of 34.30, a P/E/G ratio of 2.95 and a beta of 0.86.

Nice (NASDAQ:NICE) last issued its quarterly earnings results on Thursday, May 16th. The technology company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.07. Nice had a return on equity of 9.15% and a net margin of 11.03%. The firm had revenue of $377.00 million for the quarter, compared to analysts’ expectations of $375.18 million. During the same period in the previous year, the firm posted $1.03 EPS. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. As a group, analysts forecast that Nice will post 4.35 earnings per share for the current fiscal year.

A number of analysts have recently commented on NICE shares. Barclays boosted their price target on Nice from $124.00 to $150.00 and gave the stock an equal weight rating in a research report on Wednesday, April 24th. JMP Securities reissued an outperform rating and set a $140.00 price target (up from $120.00) on shares of Nice in a report on Monday, April 22nd. ValuEngine lowered Nice from a strong-buy rating to a buy rating in a research note on Thursday, February 7th. restated a buy rating and issued a $125.00 price objective on shares of Nice in a research note on Thursday, February 14th. Finally, JPMorgan Chase & Co. upgraded Nice from a neutral rating to an overweight rating and upped their price objective for the stock from $125.00 to $150.00 in a research note on Thursday, April 18th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Nice presently has a consensus rating of Buy and a consensus price target of $136.64.

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About Nice

NICE Ltd. provides enterprise software solutions worldwide. The company 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 optimize business performance and ensure compliance.

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Earnings History and Estimates for Nice (NASDAQ:NICE)

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