FactSet Research Systems Inc. (NYSE:FDS) Expected to Post Earnings of $2.37 Per Share

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Brokerages expect FactSet Research Systems Inc. (NYSE:FDS) to post $2.37 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have provided estimates for FactSet Research Systems’ earnings. The lowest EPS estimate is $2.31 and the highest is $2.41. FactSet Research Systems posted earnings of $2.18 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 8.7%. The company is expected to announce its next earnings results before the market opens on Tuesday, June 25th.

On average, analysts expect that FactSet Research Systems will report full-year earnings of $9.59 per share for the current financial year, with EPS estimates ranging from $9.49 to $9.66. For the next year, analysts forecast that the company will report earnings of $10.60 per share, with EPS estimates ranging from $10.27 to $10.86. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for FactSet Research Systems.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Tuesday, March 26th. The business services provider reported $2.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.34 by $0.08. The business had revenue of $354.90 million during the quarter, compared to analyst estimates of $356.46 million. FactSet Research Systems had a return on equity of 64.58% and a net margin of 22.45%. The company’s revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the business posted $2.12 EPS.

Several brokerages recently weighed in on FDS. Barclays restated a “hold” rating and issued a $275.00 price target on shares of FactSet Research Systems in a research note on Monday, May 6th. Piper Jaffray Companies lifted their price target on FactSet Research Systems from $211.00 to $262.00 and gave the company a “neutral” rating in a research note on Wednesday, March 27th. Deutsche Bank lifted their price target on FactSet Research Systems from $217.00 to $245.00 and gave the company a “hold” rating in a research note on Wednesday, March 27th. Morgan Stanley lifted their price target on FactSet Research Systems from $211.00 to $220.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 27th. Finally, DA Davidson lifted their price objective on FactSet Research Systems to $214.00 and gave the stock a “neutral” rating in a report on Wednesday, March 27th. Eleven analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $239.82.

Shares of NYSE FDS traded up $6.49 during trading on Wednesday, reaching $301.49. 422,113 shares of the company traded hands, compared to its average volume of 290,312. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.45 and a current ratio of 2.45. FactSet Research Systems has a 12-month low of $188.31 and a 12-month high of $301.54. The firm has a market capitalization of $11.17 billion, a P/E ratio of 35.17, a PEG ratio of 2.95 and a beta of 1.06.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.72 per share. This is a boost from FactSet Research Systems’s previous quarterly dividend of $0.64. This represents a $2.88 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Thursday, May 30th. FactSet Research Systems’s payout ratio is currently 33.76%.

In related news, EVP Robert J. Robie sold 10,459 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $241.34, for a total value of $2,524,175.06. Following the transaction, the executive vice president now directly owns 4,331 shares in the company, valued at $1,045,243.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Frederick Philip Snow sold 1,183 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $249.24, for a total value of $294,850.92. Following the completion of the transaction, the chief executive officer now owns 4,871 shares in the company, valued at $1,214,048.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,014 shares of company stock worth $3,476,129. Insiders own 2.30% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FDS. Eukles Asset Management raised its position in FactSet Research Systems by 0.5% in the first quarter. Eukles Asset Management now owns 8,360 shares of the business services provider’s stock valued at $2,076,000 after purchasing an additional 41 shares during the period. Piedmont Investment Advisors Inc. raised its position in FactSet Research Systems by 1.2% in the first quarter. Piedmont Investment Advisors Inc. now owns 3,759 shares of the business services provider’s stock valued at $933,000 after purchasing an additional 44 shares during the period. Somerset Trust Co raised its position in FactSet Research Systems by 0.6% in the first quarter. Somerset Trust Co now owns 7,699 shares of the business services provider’s stock valued at $1,912,000 after purchasing an additional 45 shares during the period. Mission Wealth Management LP raised its position in FactSet Research Systems by 3.8% in the fourth quarter. Mission Wealth Management LP now owns 1,632 shares of the business services provider’s stock valued at $327,000 after purchasing an additional 59 shares during the period. Finally, Global Retirement Partners LLC raised its position in FactSet Research Systems by 30.2% in the first quarter. Global Retirement Partners LLC now owns 259 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 60 shares during the period. Hedge funds and other institutional investors own 93.41% of the company’s stock.

FactSet Research Systems Company Profile

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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