$322.84 Million in Sales Expected for Fair Isaac Co. (NYSE:FICO) This Quarter


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Analysts forecast that Fair Isaac Co. (NYSE:FICO) will report $322.84 million in sales for the current quarter, Zacks reports. Four analysts have provided estimates for Fair Isaac’s earnings. The highest sales estimate is $335.50 million and the lowest is $307.11 million. Fair Isaac posted sales of $307.97 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.8%. The business is expected to report its next quarterly earnings report on Wednesday, May 5th.

According to Zacks, analysts expect that Fair Isaac will report full year sales of $1.33 billion for the current financial year, with estimates ranging from $1.30 billion to $1.35 billion. For the next year, analysts anticipate that the firm will post sales of $1.44 billion, with estimates ranging from $1.39 billion to $1.49 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that that provide coverage for Fair Isaac.

Fair Isaac (NYSE:FICO) last announced its earnings results on Wednesday, January 27th. The technology company reported $2.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.58 by $1.16. Fair Isaac had a return on equity of 98.78% and a net margin of 18.26%. The company had revenue of $312.41 million for the quarter, compared to analyst estimates of $319.65 million. During the same period in the previous year, the firm earned $1.80 earnings per share. Fair Isaac’s revenue for the quarter was up 4.7% compared to the same quarter last year.

FICO has been the topic of a number of recent research reports. Needham & Company LLC lifted their price target on shares of Fair Isaac from $550.00 to $565.00 and gave the stock a “buy” rating in a research note on Friday, January 29th. Jefferies Financial Group raised their target price on shares of Fair Isaac from $475.00 to $490.00 and gave the company a “hold” rating in a research note on Monday, January 11th. Zacks Investment Research cut Fair Isaac from a “buy” rating to a “hold” rating in a research note on Wednesday, January 13th. Barclays increased their target price on shares of Fair Isaac from $475.00 to $565.00 and gave the stock an “overweight” rating in a report on Tuesday, December 8th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Fair Isaac in a research report on Wednesday, January 20th. They set a “buy” rating and a $560.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $511.25.

Shares of FICO stock traded down $1.65 during trading on Thursday, reaching $457.69. The company had a trading volume of 8,197 shares, compared to its average volume of 248,780. The company has a market capitalization of $13.38 billion, a PE ratio of 58.22 and a beta of 1.18. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.29 and a quick ratio of 1.29. Fair Isaac has a one year low of $177.65 and a one year high of $530.95. The firm’s 50 day simple moving average is $481.97 and its two-hundred day simple moving average is $459.93.

In other Fair Isaac news, CAO Michael S. Leonard sold 519 shares of Fair Isaac stock in a transaction dated Thursday, December 10th. The stock was sold at an average price of $507.42, for a total transaction of $263,350.98. Following the completion of the transaction, the chief accounting officer now owns 8,846 shares of the company’s stock, valued at approximately $4,488,637.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Michael S. Leonard sold 310 shares of the company’s stock in a transaction dated Tuesday, December 15th. The shares were sold at an average price of $519.84, for a total value of $161,150.40. Following the sale, the chief accounting officer now owns 7,709 shares in the company, valued at $4,007,446.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,079 shares of company stock valued at $537,079. 3.81% of the stock is currently owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the business. Carmichael Hill & Associates Inc. bought a new position in shares of Fair Isaac in the 4th quarter worth $26,000. First Horizon Advisors Inc. boosted its holdings in shares of Fair Isaac by 196.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 77 shares of the technology company’s stock worth $31,000 after purchasing an additional 51 shares in the last quarter. Canton Hathaway LLC bought a new position in shares of Fair Isaac during the 3rd quarter valued at about $56,000. Parallel Advisors LLC raised its holdings in shares of Fair Isaac by 33.7% during the 4th quarter. Parallel Advisors LLC now owns 115 shares of the technology company’s stock valued at $59,000 after buying an additional 29 shares in the last quarter. Finally, Fieldpoint Private Securities LLC bought a new stake in Fair Isaac in the 4th quarter worth approximately $61,000. 84.94% of the stock is currently owned by hedge funds and other institutional investors.

Fair Isaac Company Profile

Fair Isaac Corporation develops analytic, software, and data management products and services that enable businesses to automate, enhance, and connect decisions in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company offers analytical solutions, credit scoring, and credit account management products and services to banks, credit reporting agencies, credit card processing agencies, insurers, retailers, healthcare organizations, and public agencies.

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