Financial Engines (NASDAQ:FNGN) Receiving Somewhat Favorable Press Coverage, Accern Reports
Media coverage about Financial Engines (NASDAQ:FNGN) has been trending somewhat positive this week, according to Accern. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Financial Engines earned a news sentiment score of 0.05 on Accern’s scale. Accern also assigned headlines about the asset manager an impact score of 48.0015730561099 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the headlines that may have effected Accern’s rankings:
- Financial Engines, Inc. (FNGN) EVP Lewis Antone, Jr. Sells 269 Shares (americanbankingnews.com)
- Brokers Issue Forecasts for Financial Engines, Inc.’s Q4 2017 Earnings (NASDAQ:FNGN) (americanbankingnews.com)
- Q3 2017 EPS Estimates for Financial Engines, Inc. Reduced by Analyst (FNGN) (americanbankingnews.com)
- See what the IHS Markit Score report has to say about Financial Engines Inc. (finance.yahoo.com)
- Financial Engines, Inc. breached its 50 day moving average in a Bearish Manner : FNGN-US : August 10, 2017 (finance.yahoo.com)
Shares of Financial Engines (NASDAQ:FNGN) remained flat at $34.30 during trading on Friday. The company had a trading volume of 754,052 shares. Financial Engines has a 12-month low of $25.00 and a 12-month high of $45.75. The stock has a market cap of $2.17 billion, a PE ratio of 52.77 and a beta of 2.22. The company has a 50 day moving average price of $37.26 and a 200-day moving average price of $39.67.
Financial Engines (NASDAQ:FNGN) last issued its quarterly earnings data on Tuesday, August 8th. The asset manager reported $0.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by $0.02. The firm had revenue of $118.47 million for the quarter, compared to the consensus estimate of $119.94 million. Financial Engines had a return on equity of 7.31% and a net margin of 8.98%. Financial Engines’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.28 earnings per share. Analysts forecast that Financial Engines will post $1.37 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 20th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, September 19th. This represents a $0.28 annualized dividend and a yield of 0.82%. Financial Engines’s dividend payout ratio is 43.75%.
FNGN has been the subject of a number of research reports. Sidoti initiated coverage on Financial Engines in a research note on Monday, July 10th. They issued a “buy” rating for the company. Zacks Investment Research downgraded Financial Engines from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. TheStreet upgraded Financial Engines from a “c+” rating to a “b-” rating in a research note on Thursday, April 27th. BidaskClub downgraded Financial Engines from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 1st. Finally, DA Davidson initiated coverage on Financial Engines in a research note on Wednesday, June 21st. They issued a “buy” rating and a $44.00 target price for the company. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. Financial Engines currently has a consensus rating of “Buy” and an average target price of $44.33.
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In other Financial Engines news, Director E. Olena Berg-Lacy sold 2,000 shares of the company’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $39.68, for a total transaction of $79,360.00. Following the sale, the director now directly owns 14,851 shares of the company’s stock, valued at $589,287.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Lewis Antone, Jr. sold 788 shares of the company’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $41.00, for a total transaction of $32,308.00. Following the sale, the executive vice president now directly owns 4,294 shares in the company, valued at $176,054. The disclosure for this sale can be found here. Insiders have sold 29,503 shares of company stock worth $1,142,964 over the last ninety days. Insiders own 15.97% of the company’s stock.
Financial Engines Company Profile
Financial Engines, Inc is a provider of independent, technology-enabled financial advisory services, discretionary portfolio management, personalized investment advice, financial and retirement income planning, and financial education and guidance. The Company offers personalized plans for saving, investing, and generating retirement income, as well as by providing assessments of retirement income needs and readiness.
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