$416.88 Million in Sales Expected for Nice Ltd (NICE) This Quarter

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Equities analysts expect Nice Ltd (NASDAQ:NICE) to post sales of $416.88 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Nice’s earnings. The lowest sales estimate is $415.00 million and the highest is $419.60 million. Nice posted sales of $392.24 million during the same quarter last year, which suggests a positive year over year growth rate of 6.3%. The firm is expected to report its next earnings results before the market opens on Thursday, February 14th.

According to Zacks, analysts expect that Nice will report full-year sales of $1.46 billion for the current year. For the next fiscal year, analysts forecast that the firm will post sales of $1.58 billion, with estimates ranging from $1.54 billion to $1.61 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Nice.

Nice (NASDAQ:NICE) last posted its quarterly earnings data on Thursday, November 8th. The technology company reported $0.62 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.04). The company had revenue of $356.45 million for the quarter, compared to analyst estimates of $350.67 million. Nice had a return on equity of 9.49% and a net margin of 12.37%.

A number of equities analysts have weighed in on NICE shares. Royal Bank of Canada upped their price objective on shares of Nice to $120.00 and gave the stock a “market perform” rating in a research report on Friday, November 9th. Morgan Stanley increased their target price on Nice from $107.00 to $117.00 and gave the company an “equal weight” rating in a research note on Monday, January 7th. BidaskClub cut Nice from a “buy” rating to a “hold” rating in a research note on Thursday, January 10th. Wedbush began coverage on Nice in a research note on Thursday, October 18th. They set an “outperform” rating and a $130.00 target price for the company. Finally, Zacks Investment Research cut Nice from a “buy” rating to a “hold” rating in a research note on Thursday, October 11th. Eight analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $117.67.

NASDAQ:NICE traded up $1.30 during trading hours on Friday, reaching $109.95. 140,424 shares of the company were exchanged, compared to its average volume of 162,858. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a market capitalization of $6.57 billion, a PE ratio of 47.60, a P/E/G ratio of 2.40 and a beta of 0.89. Nice has a twelve month low of $84.49 and a twelve month high of $119.83.

Several hedge funds have recently bought and sold shares of the stock. Altshuler Shaham Ltd acquired a new stake in Nice during the 3rd quarter worth $51,910,000. US Bancorp DE grew its stake in Nice by 2.1% during the 3rd quarter. US Bancorp DE now owns 145,844 shares of the technology company’s stock valued at $16,696,000 after purchasing an additional 2,939 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Nice by 1,211.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,348 shares of the technology company’s stock valued at $244,000 after purchasing an additional 2,169 shares in the last quarter. FDx Advisors Inc. acquired a new stake in Nice during the 3rd quarter valued at approximately $258,000. Finally, FMR LLC acquired a new stake in Nice during the 2nd quarter valued at approximately $32,560,000. 44.94% of the stock is currently owned by institutional investors and hedge funds.

Nice Company Profile

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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