Wall Street brokerages forecast that Nice Ltd (NASDAQ:NICE) will post $1.10 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Nice’s earnings. The lowest EPS estimate is $1.09 and the highest is $1.10. Nice reported earnings per share of $0.62 in the same quarter last year, which indicates a positive year-over-year growth rate of 77.4%. The business is scheduled to announce its next quarterly earnings report on Thursday, November 14th.
On average, analysts expect that Nice will report full year earnings of $4.42 per share for the current year, with EPS estimates ranging from $4.40 to $4.42. For the next financial year, analysts anticipate that the business will post earnings of $4.94 per share, with EPS estimates ranging from $4.91 to $4.98. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Nice.
Nice (NASDAQ:NICE) last issued its quarterly earnings data on Thursday, August 8th. The technology company reported $1.02 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.02. Nice had a return on equity of 12.09% and a net margin of 11.85%. The business had revenue of $381.40 million for the quarter, compared to the consensus estimate of $378.80 million. During the same period in the prior year, the business earned $1.06 earnings per share. The business’s revenue was up 11.0% on a year-over-year basis.
NICE has been the topic of several recent analyst reports. Rosenblatt Securities initiated coverage on Nice in a research report on Wednesday, September 4th. They set a “buy” rating and a $187.00 target price on the stock. JMP Securities increased their target price on Nice from $164.00 to $185.00 and gave the stock a “market outperform” rating in a research report on Friday, August 9th. JPMorgan Chase & Co. increased their target price on Nice from $150.00 to $166.00 and gave the stock an “overweight” rating in a research report on Monday, July 29th. Jefferies Financial Group increased their target price on Nice from $166.00 to $179.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Finally, Zacks Investment Research upgraded Nice from a “hold” rating to a “buy” rating and set a $167.00 target price on the stock in a research report on Saturday. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $153.92.
Shares of NASDAQ:NICE traded up $1.18 on Monday, hitting $148.11. The company had a trading volume of 5,251 shares, compared to its average volume of 176,399. The business has a 50 day moving average of $151.98 and a 200 day moving average of $137.54. Nice has a 52-week low of $100.54 and a 52-week high of $155.76. The company has a market cap of $9.22 billion, a PE ratio of 38.40, a PEG ratio of 3.01 and a beta of 0.76. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.27.
Large investors have recently made changes to their positions in the business. Nkcfo LLC acquired a new stake in Nice during the second quarter worth about $31,000. Pacer Advisors Inc. acquired a new stake in Nice during the second quarter worth about $32,000. Sonora Investment Management LLC acquired a new stake in Nice during the second quarter worth about $34,000. Pinnacle Bank increased its stake in Nice by 44.5% during the second quarter. Pinnacle Bank now owns 315 shares of the technology company’s stock worth $43,000 after acquiring an additional 97 shares during the last quarter. Finally, Zions Bancorporation N.A. acquired a new stake in Nice during the first quarter worth about $53,000. Institutional investors own 48.02% of the company’s stock.
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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