$128.43 Million in Sales Expected for Financial Engines, Inc. (FNGN) This Quarter

Wall Street analysts expect that Financial Engines, Inc. (NASDAQ:FNGN) will report $128.43 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Financial Engines’ earnings. The lowest sales estimate is $127.00 million and the highest is $130.10 million. Financial Engines posted sales of $113.22 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 13.4%. The firm is scheduled to announce its next quarterly earnings results on Thursday, February 22nd.

According to Zacks, analysts expect that Financial Engines will report full year sales of $128.43 million for the current year, with estimates ranging from $483.00 million to $487.60 million. For the next fiscal year, analysts expect that the company will report sales of $549.37 million per share, with estimates ranging from $528.00 million to $566.50 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Financial Engines.

Financial Engines (NASDAQ:FNGN) last released its earnings results on Thursday, November 2nd. The asset manager reported $0.36 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.36. The company had revenue of $122.20 million during the quarter, compared to the consensus estimate of $124.11 million. Financial Engines had a return on equity of 7.60% and a net margin of 10.56%. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.31 earnings per share.

A number of equities research analysts have recently weighed in on the company. Northland Securities restated a “buy” rating on shares of Financial Engines in a research report on Friday. Raymond James Financial, Inc. restated an “underperform” rating on shares of Financial Engines in a research report on Friday. UBS AG downgraded Financial Engines to an “underperform” rating in a research report on Friday. William Blair downgraded Financial Engines from an “outperform” rating to a “market perform” rating in a research report on Friday. Finally, Zacks Investment Research upgraded Financial Engines from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research report on Thursday. Three analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $42.00.

Shares of Financial Engines (NASDAQ FNGN) opened at $26.60 on Monday. The stock has a market capitalization of $1,684.24, a price-to-earnings ratio of 28.00, a price-to-earnings-growth ratio of 1.80 and a beta of 2.25.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Thursday, December 14th will be issued a $0.07 dividend. The ex-dividend date is Wednesday, December 13th. This represents a $0.28 dividend on an annualized basis and a yield of 1.05%. Financial Engines’s dividend payout ratio is presently 36.36%.

Financial Engines announced that its board has approved a share repurchase plan on Thursday, November 2nd that authorizes the company to repurchase $60.00 million in shares. This repurchase authorization authorizes the asset manager to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.

In related news, Director Michael E. Martin sold 4,109,128 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $33.05, for a total value of $135,806,680.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey C. Grace sold 2,000 shares of the company’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $37.00, for a total value of $74,000.00. Following the completion of the sale, the insider now owns 5,234 shares of the company’s stock, valued at approximately $193,658. The disclosure for this sale can be found here. Insiders sold 4,152,031 shares of company stock valued at $137,345,033 in the last quarter. 9.27% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FNGN. Victory Capital Management Inc. increased its holdings in Financial Engines by 17.7% in the second quarter. Victory Capital Management Inc. now owns 3,083 shares of the asset manager’s stock valued at $113,000 after purchasing an additional 464 shares during the last quarter. Riverhead Capital Management LLC grew its stake in Financial Engines by 82.4% in the second quarter. Riverhead Capital Management LLC now owns 4,561 shares of the asset manager’s stock valued at $167,000 after acquiring an additional 2,061 shares during the period. Ameritas Investment Partners Inc. grew its stake in Financial Engines by 11.3% in the second quarter. Ameritas Investment Partners Inc. now owns 5,140 shares of the asset manager’s stock valued at $188,000 after acquiring an additional 520 shares during the period. Shelton Capital Management acquired a new position in Financial Engines in the second quarter valued at about $208,000. Finally, Wrapmanager Inc. grew its stake in Financial Engines by 24.1% in the second quarter. Wrapmanager Inc. now owns 6,435 shares of the asset manager’s stock valued at $236,000 after acquiring an additional 1,251 shares during the period.

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Financial Engines Company Profile

Financial Engines, Inc is a provider of independent, technology-enabled financial advisory services, discretionary portfolio management, personalized investment advice, financial and retirement income planning, and financial education and guidance. The Company offers personalized plans for saving, investing, and generating retirement income, as well as by providing assessments of retirement income needs and readiness.

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

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