Media stories about Financial Engines (NASDAQ:FNGN) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Financial Engines earned a news impact score of 0.05 on Accern’s scale. Accern also gave news articles about the asset manager an impact score of 46.8899850574595 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment’s analysis:
- Financial Engines (FNGN) to Buyback $60.00 million in Outstanding Stock (americanbankingnews.com)
- Financial Engines, Inc. (FNGN) Expected to Announce Earnings of $0.38 Per Share (americanbankingnews.com)
- Noteworthy Friday Option Activity: AAPL, FNGN, REV (nasdaq.com)
- Financial Engines, Inc. (FNGN) Declares Quarterly Dividend of $0.07 (americanbankingnews.com)
- Financial Engines (FNGN) Q3 2017 Results – Earnings Call Transcript (seekingalpha.com)
Shares of Financial Engines (NASDAQ:FNGN) traded down $8.60 during trading hours on Friday, reaching $26.60. The company’s stock had a trading volume of 4,296,683 shares, compared to its average volume of 232,602. The stock has a market capitalization of $2.22 billion, a P/E ratio of 36.90, a PEG ratio of 2.37 and a beta of 2.25.
Financial Engines (NASDAQ:FNGN) last issued its quarterly earnings results on Thursday, November 2nd. The asset manager reported $0.36 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.36. Financial Engines had a net margin of 10.56% and a return on equity of 7.74%. The business had revenue of $122.20 million for the quarter, compared to analyst estimates of $124.11 million. During the same period in the previous year, the business posted $0.31 earnings per share. The business’s revenue was up 8.7% compared to the same quarter last year. equities research analysts expect that Financial Engines will post 1.04 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Thursday, December 14th will be paid a dividend of $0.07 per share. The ex-dividend date is Wednesday, December 13th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.05%. Financial Engines’s dividend payout ratio (DPR) is 36.36%.
Financial Engines declared that its Board of Directors has initiated a share repurchase program on Thursday, November 2nd that permits the company to buyback $60.00 million in outstanding shares. This buyback authorization permits the asset manager to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.
Several research analysts recently issued reports on the stock. Northland Securities reiterated a “buy” rating on shares of Financial Engines in a research report on Friday. Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Financial Engines in a research report on Friday. UBS Group AG (USA) downgraded shares of Financial Engines to an “underperform” rating in a research report on Friday. William Blair cut Financial Engines from an “outperform” rating to a “market perform” rating in a report on Friday. Finally, Zacks Investment Research raised Financial Engines from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a report on Thursday. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. Financial Engines currently has an average rating of “Hold” and a consensus price target of $42.00.
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In related news, insider Jeffrey C. Grace sold 7,718 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $37.63, for a total transaction of $290,428.34. Following the sale, the insider now owns 4,140 shares of the company’s stock, valued at $155,788.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Michael Jerome Campbell sold 2,000 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $31.75, for a total transaction of $63,500.00. Following the sale, the executive vice president now directly owns 41,020 shares in the company, valued at approximately $1,302,385. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,159,749 shares of company stock worth $137,635,462. Company insiders own 9.27% of the company’s stock.
About Financial Engines
Financial Engines, Inc is a provider of independent, technology-enabled financial advisory services, discretionary portfolio management, personalized investment advice, financial and retirement income planning, and financial education and guidance. The Company offers personalized plans for saving, investing, and generating retirement income, as well as by providing assessments of retirement income needs and readiness.
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