Nice Ltd (NASDAQ:NICE) Expected to Announce Earnings of $1.28 Per Share

Wall Street analysts forecast that Nice Ltd (NASDAQ:NICE) will post earnings of $1.28 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Nice’s earnings, with the highest EPS estimate coming in at $1.29 and the lowest estimate coming in at $1.27. Nice reported earnings per share of $1.12 during the same quarter last year, which would indicate a positive year-over-year growth rate of 14.3%. The firm is scheduled to announce its next quarterly earnings results on Thursday, November 14th.

On average, analysts expect that Nice will report full-year earnings of $5.25 per share for the current financial year, with EPS estimates ranging from $5.21 to $5.31. For the next financial year, analysts expect that the firm will report earnings of $5.77 per share, with EPS estimates ranging from $5.69 to $6.02. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Nice.

Nice (NASDAQ:NICE) last released its quarterly earnings data on Thursday, August 8th. The technology company reported $1.02 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.02. The business had revenue of $381.40 million during the quarter, compared to analysts’ expectations of $378.80 million. Nice had a return on equity of 12.09% and a net margin of 11.85%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.06 EPS.

Several research analysts have recently issued reports on NICE shares. JPMorgan Chase & Co. upped their price objective on Nice from $150.00 to $166.00 and gave the stock an “overweight” rating in a research report on Monday, July 29th. Wedbush reissued a “buy” rating and issued a $160.00 target price on shares of Nice in a research report on Thursday, May 16th. BidaskClub raised Nice from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 2nd. Jefferies Financial Group upped their target price on Nice from $166.00 to $179.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Finally, JMP Securities upped their target price on Nice from $164.00 to $185.00 and gave the company a “market outperform” rating in a research report on Friday, August 9th. Six analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Nice has a consensus rating of “Buy” and an average price target of $151.42.

Shares of NASDAQ:NICE traded up $0.07 on Friday, hitting $151.51. 212,600 shares of the company’s stock were exchanged, compared to its average volume of 268,859. The firm’s 50-day moving average is $147.88 and its 200 day moving average is $132.53. The company has a market capitalization of $9.24 billion, a PE ratio of 39.35, a P/E/G ratio of 3.01 and a beta of 0.74. Nice has a 1-year low of $100.54 and a 1-year high of $155.76. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.31 and a current ratio of 1.28.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Financial Gravity Wealth Inc. purchased a new stake in Nice during the 1st quarter valued at approximately $26,000. Nkcfo LLC purchased a new position in shares of Nice during the 2nd quarter worth approximately $31,000. Pacer Advisors Inc. purchased a new position in shares of Nice during the 2nd quarter worth approximately $32,000. Sonora Investment Management LLC purchased a new position in shares of Nice during the 2nd quarter worth approximately $34,000. Finally, Pinnacle Bank raised its stake in shares of Nice by 44.5% during the 2nd quarter. Pinnacle Bank now owns 315 shares of the technology company’s stock worth $43,000 after buying an additional 97 shares in the last quarter. 45.11% of the stock is owned by hedge funds and other institutional investors.

About Nice

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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