Wall Street analysts expect Nice Ltd (NASDAQ:NICE) to report sales of $416.88 million for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Nice’s earnings. The highest sales estimate is $419.60 million and the lowest is $415.00 million. Nice reported sales of $392.24 million in the same quarter last year, which indicates a positive year over year growth rate of 6.3%. The company is expected to issue its next earnings results on Thursday, February 21st.

On average, analysts expect that Nice will report full year sales of $1.46 billion for the current year. For the next fiscal year, analysts expect that the firm will post sales of $1.58 billion, with estimates ranging from $1.54 billion to $1.60 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Nice.

Nice (NASDAQ:NICE) last issued its earnings results on Thursday, November 8th. The technology company reported $0.62 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.04). The firm had revenue of $356.45 million during the quarter, compared to the consensus estimate of $350.67 million. Nice had a net margin of 12.37% and a return on equity of 9.49%.

Several analysts have issued reports on the company. Zacks Investment Research lowered Nice from a “hold” rating to a “sell” rating in a research note on Wednesday, November 14th. Wedbush assumed coverage on Nice in a research note on Thursday, October 18th. They issued an “outperform” rating and a $130.00 target price on the stock. JPMorgan Chase & Co. boosted their target price on Nice from $104.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, August 10th. BidaskClub lowered Nice from a “buy” rating to a “hold” rating in a research note on Thursday, September 20th. Finally, Barclays restated a “hold” rating and issued a $114.00 target price on shares of Nice in a research note on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $112.73.

Shares of NICE opened at $109.42 on Friday. The firm has a market capitalization of $6.97 billion, a price-to-earnings ratio of 47.37, a PEG ratio of 3.18 and a beta of 0.87. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.34 and a current ratio of 1.34. Nice has a 1 year low of $84.16 and a 1 year high of $119.83.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Stratos Wealth Partners LTD. purchased a new position in shares of Nice in the third quarter valued at $106,000. First Hawaiian Bank purchased a new position in shares of Nice in the third quarter valued at $126,000. West Coast Financial LLC purchased a new position in shares of Nice in the third quarter valued at $201,000. Carmichael Hill & Associates Inc. purchased a new position in shares of Nice in the third quarter valued at $206,000. Finally, Valmark Advisers Inc. purchased a new position in shares of Nice in the second quarter valued at $208,000. Institutional investors own 45.15% of the company’s stock.

About Nice

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.

Featured Story: What is a Candlestick Chart?

Get a free copy of the Zacks research report on Nice (NICE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.