Analysts Expect Nice Ltd (NICE) Will Announce Quarterly Sales of $416.88 Million
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%.
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.
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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