Jack Henry & Associates (JKHY) Set to Announce Quarterly Earnings on Tuesday

Jack Henry & Associates (NASDAQ:JKHY) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $1.16 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Wednesday, February 7th. The technology company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.12. The company had revenue of $545.70 million during the quarter, compared to the consensus estimate of $540.34 million. Jack Henry & Associates had a return on equity of 22.67% and a net margin of 17.26%. Jack Henry & Associates’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.10 earnings per share. On average, analysts expect Jack Henry & Associates to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Jack Henry & Associates Price Performance

Shares of NASDAQ JKHY opened at $164.18 on Friday. The stock has a market capitalization of $11.96 billion, a price-to-earnings ratio of 32.13, a PEG ratio of 3.80 and a beta of 0.66. Jack Henry & Associates has a 12 month low of $136.57 and a 12 month high of $178.37. The firm’s 50 day simple moving average is $169.52 and its 200-day simple moving average is $163.82. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.37 and a quick ratio of 1.37.

Jack Henry & Associates Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Friday, March 8th were paid a dividend of $0.55 per share. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.52. The ex-dividend date was Thursday, March 7th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.34%. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 43.05%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on JKHY shares. Citigroup started coverage on shares of Jack Henry & Associates in a research note on Thursday, January 18th. They set a “neutral” rating and a $177.00 price objective on the stock. Royal Bank of Canada raised their price objective on shares of Jack Henry & Associates from $161.00 to $181.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 8th. Robert W. Baird raised their price objective on shares of Jack Henry & Associates from $180.00 to $186.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. Evercore ISI increased their target price on Jack Henry & Associates from $157.00 to $172.00 and gave the company an “in-line” rating in a research report on Tuesday, March 26th. Finally, DA Davidson reiterated a “buy” rating and set a $198.00 target price on shares of Jack Henry & Associates in a research report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $174.42.

About Jack Henry & Associates

Jack Henry & Associates, Inc, a financial technology company that connects people and financial institutions through technology solutions and payment processing services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other.