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. Citigroup cut their price objective on NICE from $314.00 to $306.00 in a research report on Friday, February 18th. Zacks Investment Research upgraded NICE from a sell rating to a hold rating in a research report on Wednesday, April 20th. Royal Bank of Canada dropped their target price on NICE from $365.00 to $240.00 in a research report on Friday, May 13th. TheStreet downgraded NICE from a b rating to a c+ rating in a research report on Monday, March 7th. Finally, Morgan Stanley dropped their target price on NICE from $315.00 to $260.00 and set an equal weight rating for the company in a research report on Tuesday, February 22nd. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Buy and a consensus price target of $277.29.

Shares of NICE stock traded up $4.44 during trading hours on Thursday, reaching $198.89. The company’s stock had a trading volume of 231,959 shares, compared to its average volume of 294,960. The firm’s 50 day simple moving average is $207.84 and its 200-day simple moving average is $246.79. The company has a market capitalization of $12.62 billion, a price-to-earnings ratio of 66.30, a PEG ratio of 2.54 and a beta of 0.85. NICE has a fifty-two week low of $179.13 and a fifty-two week high of $319.88. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.16.

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%. Sell-side analysts predict that NICE will post 5.44 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp lifted its position in shares of NICE by 63.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 11,794 shares of the technology company’s stock worth $3,350,000 after buying an additional 4,591 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of NICE by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 75,798 shares of the technology company’s stock worth $23,012,000 after buying an additional 195 shares in the last quarter. Barclays PLC lifted its position in shares of NICE by 63.2% during the 4th quarter. Barclays PLC now owns 22,083 shares of the technology company’s stock worth $6,704,000 after buying an additional 8,555 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of NICE by 6.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 78,090 shares of the technology company’s stock worth $23,708,000 after buying an additional 4,446 shares in the last quarter. Finally, LPL Financial LLC lifted its position in shares of NICE by 59.9% during the 4th quarter. LPL Financial LLC now owns 6,307 shares of the technology company’s stock worth $1,915,000 after buying an additional 2,363 shares in the last quarter. Institutional investors own 70.48% of the company’s stock.

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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