$0.15 EPS Expected for Five9 Inc (NASDAQ:FIVN) This Quarter

Wall Street brokerages expect Five9 Inc (NASDAQ:FIVN) to announce $0.15 earnings per share for the current quarter, Zacks reports. Six analysts have made estimates for Five9’s earnings, with estimates ranging from $0.14 to $0.15. Five9 posted earnings of $0.18 per share during the same quarter last year, which would suggest a negative year over year growth rate of 16.7%. The firm is expected to report its next earnings report on Tuesday, November 5th.

According to Zacks, analysts expect that Five9 will report full-year earnings of $0.70 per share for the current year, with EPS estimates ranging from $0.63 to $0.73. For the next fiscal year, analysts forecast that the company will report earnings of $0.83 per share, with EPS estimates ranging from $0.71 to $0.90. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that follow Five9.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings results on Wednesday, July 31st. The software maker reported $0.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.07. Five9 had a positive return on equity of 8.90% and a negative net margin of 0.47%. The firm had revenue of $77.44 million during the quarter, compared to analyst estimates of $72.42 million. During the same period last year, the company earned $0.11 EPS. Five9’s quarterly revenue was up 26.7% compared to the same quarter last year.

FIVN has been the topic of several analyst reports. KeyCorp reiterated a “hold” rating on shares of Five9 in a research note on Wednesday, July 31st. Stephens restated a “hold” rating and issued a $53.00 price objective on shares of Five9 in a research report on Monday, April 29th. Northland Securities reissued a “buy” rating on shares of Five9 in a research note on Thursday, May 2nd. SunTrust Banks boosted their price objective on shares of Five9 to $66.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, BidaskClub raised shares of Five9 from a “hold” rating to a “buy” rating in a research report on Saturday, August 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $57.55.

In other news, President Daniel P. Burkland sold 15,000 shares of Five9 stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $49.44, for a total transaction of $741,600.00. Following the completion of the sale, the president now owns 190,461 shares in the company, valued at approximately $9,416,391.84. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Barry Zwarenstein sold 3,118 shares of Five9 stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $46.41, for a total value of $144,706.38. The disclosure for this sale can be found here. Over the last three months, insiders sold 382,752 shares of company stock valued at $20,304,754. Insiders own 4.90% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Capital Investment Advisory Services LLC lifted its position in Five9 by 1,008.0% in the second quarter. Capital Investment Advisory Services LLC now owns 554 shares of the software maker’s stock valued at $27,000 after purchasing an additional 504 shares during the last quarter. Winslow Evans & Crocker Inc. purchased a new position in shares of Five9 during the first quarter valued at approximately $30,000. Pearl River Capital LLC purchased a new position in shares of Five9 during the first quarter valued at approximately $32,000. NEXT Financial Group Inc purchased a new position in shares of Five9 during the second quarter valued at approximately $39,000. Finally, Dorsey Wright & Associates increased its stake in shares of Five9 by 33.3% during the second quarter. Dorsey Wright & Associates now owns 788 shares of the software maker’s stock valued at $40,000 after buying an additional 197 shares during the period. Hedge funds and other institutional investors own 99.90% of the company’s stock.

Shares of NASDAQ FIVN traded up $1.49 during mid-day trading on Friday, hitting $63.54. The company had a trading volume of 441,500 shares, compared to its average volume of 1,090,989. The company has a market capitalization of $3.76 billion, a PE ratio of 423.60, a price-to-earnings-growth ratio of 190.92 and a beta of 0.56. The company has a debt-to-equity ratio of 1.27, a current ratio of 6.41 and a quick ratio of 6.41. Five9 has a 1-year low of $34.66 and a 1-year high of $64.14. The business’s 50-day simple moving average is $53.53 and its 200 day simple moving average is $52.18.

About Five9

Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. The company offers virtual contact center cloud platform that delivers a suite of applications, which enables the breadth of contact center-related customer service, sales, and marketing functions; and acts as a hub for omnichannel engagement between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.

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