Financial Engines (FNGN) Expected to Announce Earnings of $0.44 Per Share

Analysts predict that Financial Engines (NASDAQ:FNGN) will report earnings of $0.44 per share for the current quarter, according to Zacks. Five analysts have made estimates for Financial Engines’ earnings, with the lowest EPS estimate coming in at $0.40 and the highest estimate coming in at $0.46. Financial Engines reported earnings per share of $0.33 in the same quarter last year, which would suggest a positive year over year growth rate of 33.3%. The company is scheduled to issue its next earnings report on Thursday, May 3rd.

According to Zacks, analysts expect that Financial Engines will report full year earnings of $1.83 per share for the current year, with EPS estimates ranging from $1.80 to $1.86. For the next fiscal year, analysts expect that the business will report earnings of $2.08 per share, with EPS estimates ranging from $2.05 to $2.15. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Financial Engines.

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Financial Engines (NASDAQ:FNGN) last issued its quarterly earnings results on Thursday, February 22nd. The asset manager reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.01. The firm had revenue of $125.69 million during the quarter, compared to the consensus estimate of $126.49 million. Financial Engines had a return on equity of 8.07% and a net margin of 9.71%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the company posted $0.29 EPS.

A number of analysts have recently issued reports on FNGN shares. TheStreet upgraded Financial Engines from a “c+” rating to a “b-” rating in a research report on Wednesday, March 14th. BidaskClub upgraded Financial Engines from a “hold” rating to a “buy” rating in a research report on Saturday, February 24th. Jefferies Group restated a “buy” rating and issued a $38.00 target price on shares of Financial Engines in a research report on Wednesday, January 17th. Barclays downgraded Financial Engines from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $30.00 to $33.00 in a research report on Monday, January 8th. Finally, Zacks Investment Research downgraded Financial Engines from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 6th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $35.75.

Shares of FNGN opened at $32.95 on Monday. The stock has a market cap of $2,077.86, a PE ratio of 31.99, a price-to-earnings-growth ratio of 1.62 and a beta of 1.51. Financial Engines has a 12-month low of $24.45 and a 12-month high of $45.00.

The company also recently announced a quarterly dividend, which was paid on Thursday, April 5th. Investors of record on Thursday, March 22nd were given a $0.08 dividend. This is an increase from Financial Engines’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Wednesday, March 21st. This represents a $0.32 dividend on an annualized basis and a yield of 0.97%. Financial Engines’s payout ratio is presently 31.07%.

In other Financial Engines news, EVP Christopher L. Jones sold 14,663 shares of Financial Engines stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $34.30, for a total value of $502,940.90. Following the transaction, the executive vice president now directly owns 62,289 shares of the company’s stock, valued at approximately $2,136,512.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gina M. Cruse sold 3,010 shares of Financial Engines stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $35.45, for a total value of $106,704.50. The disclosure for this sale can be found here. Insiders sold a total of 23,128 shares of company stock valued at $800,411 in the last 90 days. 9.27% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the business. UBS Asset Management Americas Inc. increased its stake in Financial Engines by 6.1% in the 4th quarter. UBS Asset Management Americas Inc. now owns 38,234 shares of the asset manager’s stock worth $1,158,000 after purchasing an additional 2,209 shares during the period. California Public Employees Retirement System increased its stake in Financial Engines by 4.0% in the 3rd quarter. California Public Employees Retirement System now owns 60,337 shares of the asset manager’s stock worth $2,097,000 after purchasing an additional 2,337 shares during the period. New York State Common Retirement Fund increased its stake in Financial Engines by 2.6% in the 3rd quarter. New York State Common Retirement Fund now owns 114,971 shares of the asset manager’s stock worth $3,995,000 after purchasing an additional 2,900 shares during the period. Gabelli Funds LLC increased its stake in Financial Engines by 37.5% in the 4th quarter. Gabelli Funds LLC now owns 11,000 shares of the asset manager’s stock worth $333,000 after purchasing an additional 3,000 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. increased its stake in Financial Engines by 376.5% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,860 shares of the asset manager’s stock worth $117,000 after purchasing an additional 3,050 shares during the period.

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Financial Engines Company Profile

Financial Engines, Inc provides independent technology-enabled financial advisory, discretionary portfolio management, personalized investment advice, financial and retirement income planning, and financial education and guidance services in the United States. It assists individuals to develop a strategy to reach financial goals by offering a set of services, including personalized plans for saving and investing, assessments of retirement income, and the option to meet face-to-face with a financial advisor.

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Earnings History and Estimates for Financial Engines (NASDAQ:FNGN)

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