Nice Ltd (NICE) Expected to Post Quarterly Sales of $374.66 Million

Analysts expect that Nice Ltd (NASDAQ:NICE) will post sales of $374.66 million for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Nice’s earnings, with estimates ranging from $373.30 million to $375.85 million. Nice reported sales of $340.93 million during the same quarter last year, which would indicate a positive year over year growth rate of 9.9%. The firm is scheduled to announce its next quarterly earnings report on Thursday, May 9th.

On average, analysts expect that Nice will report full-year sales of $1.57 billion for the current year. For the next fiscal year, analysts forecast that the company will post sales of $1.70 billion, with estimates ranging from $1.68 billion to $1.75 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Nice.

Nice (NASDAQ:NICE) last issued its earnings results on Thursday, February 14th. The technology company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.04. The company had revenue of $420.00 million during the quarter, compared to analysts’ expectations of $417.05 million. Nice had a return on equity of 9.15% and a net margin of 11.03%. Nice’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.35 EPS.

NICE has been the subject of a number of analyst reports. BidaskClub raised Nice from a “hold” rating to a “buy” rating in a research report on Tuesday, December 18th. Zacks Investment Research raised Nice from a “hold” rating to a “strong-buy” rating and set a $127.00 price objective for the company in a research report on Friday, November 23rd. Wedbush raised their price objective on Nice to $145.00 in a research report on Friday, February 15th. reaffirmed a “buy” rating and set a $125.00 price objective on shares of Nice in a research report on Thursday, February 14th. Finally, ValuEngine lowered Nice from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $122.22.

A number of hedge funds have recently bought and sold shares of NICE. Janus Henderson Group PLC boosted its stake in Nice by 1.0% during the 3rd quarter. Janus Henderson Group PLC now owns 5,084,193 shares of the technology company’s stock valued at $581,988,000 after purchasing an additional 48,091 shares during the last quarter. William Blair Investment Management LLC boosted its stake in Nice by 17.7% during the 3rd quarter. William Blair Investment Management LLC now owns 1,132,026 shares of the technology company’s stock valued at $129,585,000 after purchasing an additional 170,578 shares during the last quarter. Investec Asset Management LTD boosted its stake in Nice by 5.3% during the 4th quarter. Investec Asset Management LTD now owns 858,126 shares of the technology company’s stock valued at $92,858,000 after purchasing an additional 43,302 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Nice by 45.2% during the 4th quarter. Principal Financial Group Inc. now owns 802,621 shares of the technology company’s stock valued at $86,852,000 after purchasing an additional 249,722 shares during the last quarter. Finally, FMR LLC boosted its stake in Nice by 63.8% during the 4th quarter. FMR LLC now owns 643,304 shares of the technology company’s stock valued at $69,612,000 after purchasing an additional 250,650 shares during the last quarter. 45.19% of the stock is owned by institutional investors.

Shares of NASDAQ:NICE opened at $117.66 on Tuesday. Nice has a 52-week low of $88.74 and a 52-week high of $119.83. The company has a market capitalization of $7.02 billion, a PE ratio of 30.56, a PEG ratio of 2.60 and a beta of 0.82. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.38 and a quick ratio of 1.34.

Nice Company Profile

NICE Ltd. provides enterprise software solutions worldwide. It 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 delivered in the cloud, as well as on premise.

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