Nice (NICE) Updates Q2 Earnings Guidance

Share on StockTwits

Nice (NASDAQ:NICE) issued an update on its second quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.16-1.26 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.18. The company issued revenue guidance of $373-383 million, compared to the consensus revenue estimate of $377.87 million.Nice also updated its FY 2019 guidance to $5.11-5.31 EPS.

NICE stock opened at $132.07 on Thursday. Nice has a 1 year low of $100.54 and a 1 year high of $140.29. The company has a market capitalization of $8.11 billion, a P/E ratio of 34.30, a P/E/G ratio of 2.95 and a beta of 0.86. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.38 and a current ratio of 1.38.

Nice (NASDAQ:NICE) last issued its quarterly earnings results on Thursday, May 16th. The technology company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.07. Nice had a return on equity of 9.15% and a net margin of 11.03%. The company had revenue of $377.00 million for the quarter, compared to analyst estimates of $375.18 million. During the same quarter in the prior year, the company posted $1.03 EPS. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. Analysts expect that Nice will post 4.35 earnings per share for the current year.

A number of brokerages have weighed in on NICE. BidaskClub lowered Nice from a strong-buy rating to a buy rating in a research note on Friday, May 3rd. Barclays increased their price target on Nice from $124.00 to $150.00 and gave the stock an equal weight rating in a research note on Wednesday, April 24th. JMP Securities reissued an outperform rating and set a $140.00 price target (up previously from $120.00) on shares of Nice in a research note on Monday, April 22nd. Wedbush reissued a positive rating and set a $155.00 price target (up previously from $145.00) on shares of Nice in a research note on Monday, April 22nd. Finally, JPMorgan Chase & Co. raised Nice from a neutral rating to an overweight rating and increased their price target for the stock from $125.00 to $150.00 in a research note on Thursday, April 18th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of Buy and an average price target of $136.64.

COPYRIGHT VIOLATION NOTICE: This story was first posted by Zolmax and is owned by of Zolmax. If you are viewing this story on another site, it was stolen and republished in violation of U.S. and international trademark and copyright legislation. The original version of this story can be read at https://zolmax.com/investing/nice-nice-updates-q2-earnings-guidance/3085658.html.

Nice Company Profile

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.

Featured Story: How are institutional investors different from individual investors?

Earnings History and Estimates for Nice (NASDAQ:NICE)

Receive News & Ratings for Nice Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nice and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Reviewing Itau Unibanco  and Bankwell Financial Group
Reviewing Itau Unibanco and Bankwell Financial Group
Deutsche Lufthansa  Given a €17.00 Price Target by Sanford C. Bernstein Analysts
Deutsche Lufthansa Given a €17.00 Price Target by Sanford C. Bernstein Analysts
Green Dot Co. Expected to Post Q2 2019 Earnings of $0.48 Per Share
Green Dot Co. Expected to Post Q2 2019 Earnings of $0.48 Per Share
Imperial Capital Comments on PDC Energy Inc’s Q2 2019 Earnings
Imperial Capital Comments on PDC Energy Inc’s Q2 2019 Earnings
UnitedHealth Group  Stock Rating Upgraded by Zacks Investment Research
UnitedHealth Group Stock Rating Upgraded by Zacks Investment Research
Zacks Investment Research Downgrades Summit Midstream Partners  to Sell
Zacks Investment Research Downgrades Summit Midstream Partners to Sell


 
© 2006-2019 Zolmax.