Nice (NICE) Releases FY19 Earnings Guidance

Nice (NASDAQ:NICE) issued an update on its FY19 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $5.11-5.31 for the period, compared to the Thomson Reuters consensus estimate of $5.18. The company issued revenue guidance of $1.56-1.58 billion, compared to the consensus revenue estimate of $1.57 billion.Nice also updated its FY 2019 guidance to $5.11-5.31 EPS.

Nice stock opened at $144.24 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.23. Nice has a 1-year low of $100.54 and a 1-year high of $146.89. The company has a market capitalization of $8.77 billion, a P/E ratio of 42.83, a price-to-earnings-growth ratio of 3.25 and a beta of 0.86.

Nice (NASDAQ:NICE) last posted its quarterly earnings results on Thursday, May 16th. The technology company reported $1.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.27. Nice had a return on equity of 11.00% and a net margin of 11.63%. The firm had revenue of $377.00 million for the quarter, compared to the consensus estimate of $375.18 million. During the same period in the previous year, the business earned $1.03 earnings per share. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. On average, equities analysts anticipate that Nice will post 4.35 earnings per share for the current fiscal year.

A number of analysts recently weighed in on NICE shares. Wedbush lifted their price target on Nice to $145.00 in a research note on Friday, February 15th. restated a buy rating and issued a $125.00 price target on shares of Nice in a research note on Thursday, February 14th. ValuEngine downgraded Nice from a strong-buy rating to a buy rating in a research note on Thursday, February 7th. Jefferies Financial Group lifted their price target on Nice from $134.00 to $149.00 and gave the company a buy rating in a research note on Wednesday, April 17th. Finally, BidaskClub upgraded Nice from a hold rating to a buy rating in a research note on Monday, April 1st. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $142.67.

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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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Earnings History and Estimates for Nice (NASDAQ:NICE)

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