$378.72 Million in Sales Expected for Nice Ltd (NICE) This Quarter

Wall Street brokerages predict that Nice Ltd (NASDAQ:NICE) will post sales of $378.72 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Nice’s earnings, with the lowest sales estimate coming in at $378.00 million and the highest estimate coming in at $380.18 million. Nice reported sales of $345.41 million in the same quarter last year, which indicates a positive year over year growth rate of 9.6%. The firm is scheduled to announce its next earnings results on Thursday, August 8th.

On average, analysts expect that Nice will report full year sales of $1.58 billion for the current year, with estimates ranging from $1.57 billion to $1.58 billion. For the next financial year, analysts anticipate that the business will post sales of $1.70 billion, with estimates ranging from $1.68 billion to $1.72 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Nice.

Nice (NASDAQ:NICE) last announced its quarterly earnings data on Thursday, May 16th. The technology company reported $1.18 EPS for the quarter, topping the consensus estimate of $0.91 by $0.27. The company had revenue of $377.00 million during the quarter, compared to the consensus estimate of $375.18 million. Nice had a net margin of 11.63% and a return on equity of 10.83%. The company’s quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.03 EPS.

NICE has been the subject of several recent analyst reports. Wedbush raised their price objective on shares of 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 report on Thursday, February 14th. ValuEngine downgraded shares of Nice from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 7th. Jefferies Financial Group lifted their price objective on shares of Nice from $134.00 to $149.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. Finally, BidaskClub raised shares of Nice from a “hold” rating to a “buy” rating in a report on Monday, April 1st. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $145.25.

Shares of NICE stock traded down $1.19 during trading hours on Monday, hitting $140.40. 2,238 shares of the company were exchanged, compared to its average volume of 205,139. The company has a market cap of $8.52 billion, a price-to-earnings ratio of 36.78, a price-to-earnings-growth ratio of 3.13 and a beta of 0.86. Nice has a fifty-two week low of $100.54 and a fifty-two week high of $146.89. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.28.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NICE. Financial Gravity Wealth Inc. bought a new stake in shares of Nice during the 1st quarter worth $26,000. Liberty Wealth Management LLC bought a new stake in shares of Nice during the 4th quarter worth $27,000. Rockefeller Capital Management L.P. bought a new stake in shares of Nice during the 1st quarter worth $35,000. Cresset Asset Management LLC bought a new stake in shares of Nice during the 1st quarter worth $36,000. Finally, CWM LLC raised its stake in shares of Nice by 261.5% during the 4th quarter. CWM LLC now owns 347 shares of the technology company’s stock worth $38,000 after purchasing an additional 251 shares during the period.

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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