NICE (NASDAQ:NICE) Updates FY 2022 Earnings Guidance

NICE (NASDAQ:NICEGet Rating) updated its FY 2022 earnings guidance on Thursday. The company provided earnings per share guidance of $7.25-$7.45 for the period, compared to the consensus earnings per share estimate of $7.19. The company issued revenue guidance of $2.16 billion-$2.18 billion, compared to the consensus revenue estimate of $2.15 billion.NICE also updated its Q2 2022 guidance to $1.75-$1.85 EPS.

Several equities analysts have issued reports on the company. TheStreet downgraded NICE from a b rating to a c+ rating in a research report on Monday, March 7th. Zacks Investment Research upgraded NICE from a sell rating to a hold rating in a research report on Wednesday, April 20th. Citigroup dropped their target price on NICE from $314.00 to $306.00 in a research report on Friday, February 18th. Royal Bank of Canada dropped their target price on NICE from $365.00 to $240.00 in a research report on Friday, May 13th. Finally, Jefferies Financial Group dropped their target price on NICE from $260.00 to $225.00 in a research report on Thursday, May 12th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, NICE presently has an average rating of Buy and an average price target of $277.29.

Shares of NICE traded up $4.44 during trading hours on Thursday, reaching $198.89. The stock had a trading volume of 231,959 shares, compared to its average volume of 294,960. NICE has a 12 month low of $179.13 and a 12 month high of $319.88. The stock has a market capitalization of $12.62 billion, a PE ratio of 66.30, a PEG ratio of 2.54 and a beta of 0.85. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.88 and a current ratio of 1.88. The company’s 50-day moving average is $207.84 and its two-hundred day moving average is $246.79.

NICE (NASDAQ:NICEGet Rating) last announced its earnings results on Thursday, May 12th. The technology company reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.07). The company had revenue of $527.43 million for the quarter, compared to the consensus estimate of $510.64 million. NICE had a return on equity of 11.43% and a net margin of 10.10%. Equities analysts anticipate that NICE will post 5.44 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the stock. NEXT Financial Group Inc grew its holdings in NICE by 110.8% during the 4th quarter. NEXT Financial Group Inc now owns 215 shares of the technology company’s stock worth $65,000 after acquiring an additional 113 shares during the period. Loomis Sayles & Co. L P grew its holdings in NICE by 25.2% during the 1st quarter. Loomis Sayles & Co. L P now owns 298 shares of the technology company’s stock worth $65,000 after acquiring an additional 60 shares during the period. Guggenheim Capital LLC acquired a new stake in shares of NICE in the 4th quarter valued at about $201,000. Cetera Investment Advisers grew its stake in shares of NICE by 7.7% in the 4th quarter. Cetera Investment Advisers now owns 801 shares of the technology company’s stock valued at $243,000 after buying an additional 57 shares during the period. Finally, West Family Investments Inc. grew its stake in shares of NICE by 27.3% in the 1st quarter. West Family Investments Inc. now owns 960 shares of the technology company’s stock valued at $210,000 after buying an additional 206 shares during the period. 70.48% of the stock is owned by institutional investors and hedge funds.

NICE Company Profile (Get Rating)

NICE Ltd., together with its subsidiaries, provides cloud platforms for AI-driven digital business solutions worldwide. It offers CXone, a cloud native open platform that supports contact centers ranging from small single sites to distributed remote agents and enterprises; Enlighten, an AI engine for CX that discovers automation opportunities for self-service; digital-entry points solutions that enable organizations to address consumers' needs; and journey orchestration solutions that empower organizations to connect and route customers to deal with the customer's request, and connecting them using real time AI-based routing.

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