NICE (NASDAQ:NICE) Updates FY 2021 Earnings Guidance

NICE (NASDAQ:NICE) issued an update on its FY 2021 earnings guidance on Thursday morning. The company provided earnings per share guidance of 6.190-6.390 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.230. The company issued revenue guidance of $1.80 billion-$1.82 billion, compared to the consensus revenue estimate of $1.80 billion.NICE also updated its FY21 guidance to $6.19-6.39 EPS.

Shares of NASDAQ NICE traded up $5.66 during mid-day trading on Friday, hitting $228.71. The company had a trading volume of 165,448 shares, compared to its average volume of 337,743. The company has a market capitalization of $14.42 billion, a price-to-earnings ratio of 73.78, a P/E/G ratio of 5.21 and a beta of 0.76. NICE has a 1 year low of $167.45 and a 1 year high of $288.73. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.25. The stock’s 50-day moving average price is $232.10 and its 200-day moving average price is $247.01.

NICE (NASDAQ:NICE) last posted its quarterly earnings data on Thursday, May 13th. The technology company reported $1.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.33. NICE had a return on equity of 12.75% and a net margin of 12.38%. As a group, equities research analysts forecast that NICE will post 4.57 earnings per share for the current year.

Several research firms recently issued reports on NICE. DA Davidson reissued a buy rating on shares of NICE in a research note on Wednesday, May 5th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell dropped their price objective on NICE from $312.00 to $296.00 and set a buy rating for the company in a research note on Friday. TheStreet raised NICE from a c+ rating to a b- rating in a research note on Friday, May 7th. Wedbush lifted their price objective on NICE from $275.00 to $285.00 and gave the company an outperform rating in a research note on Thursday, February 25th. Finally, Citigroup dropped their price target on NICE from $312.00 to $296.00 and set a buy rating for the company in a research note on Friday. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $285.86.

NICE Company Profile

NICE Ltd. provides enterprise software solutions worldwide. The company operates in two segments, Customer Engagement, and Financial Crime and Compliance. It offers CXone, a cloud native open platform that supports contact centers ranging from small single sites to distributed remote agents and enterprises; and a digital-first omnichannel customer engagement platform that supports various digital and self-service channels, which allows organizations to add and integrate new and emerging channels.

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