Brokerages predict that Nice Ltd (NASDAQ:NICE) will announce sales of $350.99 million for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Nice’s earnings, with estimates ranging from $346.26 million to $353.50 million. Nice posted sales of $322.76 million during the same quarter last year, which suggests a positive year-over-year growth rate of 8.7%. The firm is expected to report its next quarterly earnings results on Thursday, November 1st.
According to Zacks, analysts expect that Nice will report full-year sales of $1.44 billion for the current financial year, with estimates ranging from $1.44 billion to $1.45 billion. For the next year, analysts anticipate that the business will post sales of $1.55 billion per share, with estimates ranging from $1.54 billion to $1.57 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Nice.
Nice (NASDAQ:NICE) last released its quarterly earnings data on Thursday, August 9th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.03). The firm had revenue of $345.41 million for the quarter, compared to analyst estimates of $342.49 million. Nice had a net margin of 11.73% and a return on equity of 9.15%.
NICE has been the subject of a number of research reports. BidaskClub raised Nice from a “hold” rating to a “buy” rating in a research report on Friday, July 27th. Jefferies Financial Group reissued a “buy” rating and set a $119.00 price objective on shares of Nice in a research report on Wednesday, May 16th. Zacks Investment Research cut Nice from a “strong-buy” rating to a “hold” rating in a research report on Saturday, May 12th. Barclays set a $100.00 price objective on Nice and gave the company a “hold” rating in a research report on Thursday, May 10th. Finally, JPMorgan Chase & Co. lifted their price objective on Nice from $104.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, August 10th. Six analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Nice presently has an average rating of “Buy” and a consensus target price of $108.56.
Large investors have recently made changes to their positions in the business. Vigilant Capital Management LLC acquired a new stake in shares of Nice in the second quarter worth about $125,000. Ostrum Asset Management acquired a new stake in shares of Nice in the first quarter worth about $166,000. Valmark Advisers Inc. acquired a new stake in shares of Nice in the second quarter worth about $208,000. Janney Montgomery Scott LLC acquired a new stake in shares of Nice in the second quarter worth about $239,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of Nice by 1,211.7% in the second quarter. Tower Research Capital LLC TRC now owns 2,348 shares of the technology company’s stock worth $244,000 after buying an additional 2,169 shares during the last quarter. 45.44% of the stock is owned by institutional investors.
NICE traded down $0.46 during trading on Friday, reaching $115.96. 75,500 shares of the stock traded hands, compared to its average volume of 196,436. The stock has a market cap of $7.02 billion, a price-to-earnings ratio of 50.22, a PEG ratio of 4.44 and a beta of 0.76. Nice has a fifty-two week low of $78.23 and a fifty-two week high of $117.33. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.24.
NICE Ltd. provides enterprise software solutions worldwide. It 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 delivered in the cloud, as well as on premise.
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