Nice (NICE) Updates Q2 Earnings Guidance

Nice (NASDAQ:NICE) issued an update on its second quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.16-1.26 for the period, compared to the Thomson Reuters consensus estimate of $1.18. The company issued revenue guidance of $373-383 million, compared to the consensus revenue estimate of $377.87 million.Nice also updated its FY 2019 guidance to $5.11-5.31 EPS.

Nice stock opened at $132.07 on Thursday. Nice has a 1 year low of $100.54 and a 1 year high of $140.29. The company has a market capitalization of $8.11 billion, a P/E ratio of 34.30, a P/E/G ratio of 2.95 and a beta of 0.86. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.23.

Nice (NASDAQ:NICE) last released its earnings results on Thursday, May 16th. The technology company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.07. The firm had revenue of $377.00 million during the quarter, compared to the consensus estimate of $375.18 million. Nice had a net margin of 11.03% and a return on equity of 9.15%. Nice’s revenue was up 12.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.03 earnings per share. On average, research analysts predict that Nice will post 4.35 earnings per share for the current year.

A number of research analysts have weighed in on the stock. Zacks Investment Research raised shares of Nice from a sell rating to a hold rating in a research report on Wednesday, April 17th. BidaskClub raised shares of Nice from a hold rating to a buy rating in a research report on Monday, April 1st. JMP Securities reaffirmed an outperform rating and set a $140.00 price target (up from $120.00) on shares of Nice in a research report on Monday, April 22nd. DA Davidson lifted their price target on shares of Nice from $110.00 to $125.00 and gave the company a neutral rating in a research report on Wednesday, April 17th. Finally, Oppenheimer lifted their price target on shares of Nice from $125.00 to $145.00 and gave the company an outperform rating in a research report on Wednesday, April 17th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $136.64.

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Nice Company Profile

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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