NIC Inc. (EGOV) Scheduled to Post Quarterly Earnings on Wednesday

NIC Inc. (NASDAQ:EGOV) is scheduled to be announcing its earnings results after the market closes on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.19 per share for the quarter.

NIC (NASDAQ:EGOV) last posted its earnings results on Wednesday, August 2nd. The software maker reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.01. The company had revenue of $85.30 million for the quarter, compared to analyst estimates of $83.57 million. NIC had a net margin of 17.31% and a return on equity of 38.37%. NIC’s revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.20 EPS. On average, analysts expect NIC to post $0.75 EPS for the current fiscal year and $0.79 EPS for the next fiscal year.

NIC Inc. (NASDAQ EGOV) opened at 17.00 on Monday. NIC Inc. has a 12-month low of $15.45 and a 12-month high of $25.90. The firm has a 50-day moving average of $17.16 and a 200 day moving average of $18.41. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 20.00 and a beta of 0.41.

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EGOV has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of NIC from a “buy” rating to a “hold” rating in a report on Monday, July 3rd. BidaskClub upgraded shares of NIC from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. DA Davidson reiterated a “neutral” rating and set a $18.00 price target on shares of NIC in a report on Wednesday, September 20th. Imperial Capital upgraded shares of NIC from an “in-line” rating to an “outperform” rating and set a $23.00 price target for the company in a report on Monday, July 17th. Finally, Maxim Group lowered their price target on shares of NIC from $21.00 to $16.00 and set a “hold” rating for the company in a report on Friday, July 21st. Three research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $19.29.

About NIC

NIC Inc is a provider of digital government services that help governments use technology to provide services to businesses and citizens. The Company operates through Outsourced Portals segment. The Company offers its services through two channels: primary outsourced portal businesses, and software and services businesses.

Earnings History for NIC (NASDAQ:EGOV)

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