FactSet Research Systems (FDS) Issues FY 2019 Earnings Guidance

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FactSet Research Systems (NYSE:FDS) issued an update on its FY 2019 earnings guidance on Tuesday morning. The company provided EPS guidance of $9.45-9.65 for the period, compared to the Thomson Reuters consensus EPS estimate of $9.57. The company issued revenue guidance of $1.41-1.45 billion, compared to the consensus revenue estimate of $1.44 billion.FactSet Research Systems also updated its FY19 guidance to $9.45-9.65 EPS.

Shares of NYSE FDS opened at $200.99 on Thursday. The company has a quick ratio of 1.95, a current ratio of 2.49 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $7.93 billion, a P/E ratio of 23.56, a PEG ratio of 2.01 and a beta of 0.92. FactSet Research Systems has a 52-week low of $184.48 and a 52-week high of $237.95.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Tuesday, December 18th. The business services provider reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.06. The firm had revenue of $351.60 million during the quarter, compared to analyst estimates of $349.92 million. FactSet Research Systems had a return on equity of 62.54% and a net margin of 20.47%. FactSet Research Systems’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.04 earnings per share. Analysts anticipate that FactSet Research Systems will post 9.56 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 18th. Investors of record on Friday, November 30th were issued a $0.64 dividend. The ex-dividend date was Thursday, November 29th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 1.27%. FactSet Research Systems’s payout ratio is 30.01%.

FDS has been the subject of a number of research reports. Zacks Investment Research upgraded FactSet Research Systems from a hold rating to a buy rating and set a $251.00 price target for the company in a report on Tuesday, August 28th. Morgan Stanley set a $210.00 price target on FactSet Research Systems and gave the company a hold rating in a report on Thursday, September 13th. Stifel Nicolaus boosted their price target on FactSet Research Systems from $188.00 to $223.00 and gave the company a hold rating in a report on Wednesday, September 26th. Wells Fargo & Co boosted their price target on FactSet Research Systems from $190.00 to $225.00 and gave the company a market perform rating in a report on Wednesday, September 26th. Finally, Barclays boosted their price target on FactSet Research Systems from $185.00 to $210.00 and gave the company an underweight rating in a report on Wednesday, September 26th. One analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company’s stock. FactSet Research Systems has a consensus rating of Hold and a consensus target price of $219.73.

In other FactSet Research Systems news, EVP Robert J. Robie sold 1,174 shares of the company’s stock in a transaction on Tuesday, October 2nd. The stock was sold at an average price of $224.78, for a total transaction of $263,891.72. Following the completion of the sale, the executive vice president now owns 2,862 shares in the company, valued at $643,320.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Matthew J. Mcnulty sold 1,684 shares of the company’s stock in a transaction on Monday, October 1st. The stock was sold at an average price of $225.00, for a total value of $378,900.00. Following the sale, the senior vice president now owns 3,727 shares of the company’s stock, valued at approximately $838,575. The disclosure for this sale can be found here. 2.30% of the stock is owned by corporate insiders.

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About FactSet Research Systems

FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment community in the United States, Europe, and the Asia Pacific. The company delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.

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Earnings History and Estimates for FactSet Research Systems (NYSE:FDS)

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