Zacks: Brokerages Anticipate FactSet Research Systems Inc. (FDS) Will Announce Earnings of $1.96 Per Share

Equities research analysts expect FactSet Research Systems Inc. (NYSE:FDS) to announce earnings per share of $1.96 for the current quarter, Zacks reports. Six analysts have made estimates for FactSet Research Systems’ earnings, with the highest EPS estimate coming in at $2.02 and the lowest estimate coming in at $1.83. FactSet Research Systems reported earnings per share of $1.75 in the same quarter last year, which would indicate a positive year-over-year growth rate of 12%. The business is expected to announce its next earnings results before the market opens on Tuesday, December 19th.

On average, analysts expect that FactSet Research Systems will report full year earnings of $8.18 per share for the current fiscal year, with EPS estimates ranging from $7.90 to $8.39. For the next financial year, analysts forecast that the business will report earnings of $8.97 per share, with EPS estimates ranging from $8.57 to $9.35. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for FactSet Research Systems.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Tuesday, September 26th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.01. FactSet Research Systems had a net margin of 21.15% and a return on equity of 55.76%. The company had revenue of $326.60 million during the quarter, compared to the consensus estimate of $325.26 million. During the same quarter in the prior year, the firm posted $1.69 earnings per share. FactSet Research Systems’s revenue for the quarter was up 13.7% on a year-over-year basis.

FDS has been the subject of several research analyst reports. Northcoast Research upgraded shares of FactSet Research Systems from a “neutral” rating to a “buy” rating and set a $195.00 price objective for the company in a research note on Thursday, September 21st. Zacks Investment Research upgraded shares of FactSet Research Systems from a “hold” rating to a “buy” rating and set a $187.00 price objective for the company in a research note on Friday, September 22nd. Credit Suisse Group restated an “outperform” rating and issued a $200.00 price objective (up previously from $190.00) on shares of FactSet Research Systems in a research note on Wednesday, September 27th. Morgan Stanley restated an “equal weight” rating and issued a $166.00 price objective (up previously from $157.00) on shares of FactSet Research Systems in a research note on Wednesday, September 27th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $169.00 price objective (up previously from $163.00) on shares of FactSet Research Systems in a research note on Wednesday, September 27th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $180.17.

FactSet Research Systems (FDS) traded up $2.41 during midday trading on Wednesday, reaching $204.87. 525,730 shares of the company’s stock traded hands, compared to its average volume of 344,432. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 1.03. FactSet Research Systems has a one year low of $155.09 and a one year high of $206.66. The firm has a market capitalization of $7,918.16, a P/E ratio of 27.70, a PEG ratio of 2.30 and a beta of 0.97.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 19th. Stockholders of record on Thursday, November 30th will be paid a dividend of $0.56 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $2.24 annualized dividend and a dividend yield of 1.09%. FactSet Research Systems’s dividend payout ratio (DPR) is 34.36%.

In other news, CEO Frederick Philip Snow sold 7,334 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $181.24, for a total transaction of $1,329,214.16. Following the completion of the sale, the chief executive officer now owns 11,262 shares in the company, valued at $2,041,124.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Matthew J. Mcnulty sold 1,049 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $181.00, for a total transaction of $189,869.00. Following the sale, the vice president now owns 2,499 shares of the company’s stock, valued at approximately $452,319. The disclosure for this sale can be found here. Insiders have sold 17,841 shares of company stock valued at $3,224,739 in the last quarter. Insiders own 2.70% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of FactSet Research Systems by 0.9% during the second quarter. Vanguard Group Inc. now owns 3,586,640 shares of the business services provider’s stock worth $596,028,000 after buying an additional 32,331 shares during the period. BlackRock Inc. raised its holdings in FactSet Research Systems by 0.3% during the second quarter. BlackRock Inc. now owns 3,159,707 shares of the business services provider’s stock worth $525,082,000 after purchasing an additional 8,480 shares in the last quarter. Bamco Inc. NY raised its holdings in FactSet Research Systems by 0.3% during the third quarter. Bamco Inc. NY now owns 3,002,332 shares of the business services provider’s stock worth $540,750,000 after purchasing an additional 9,070 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in FactSet Research Systems by 5.9% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 906,115 shares of the business services provider’s stock worth $163,201,000 after purchasing an additional 50,562 shares in the last quarter. Finally, Bares Capital Management Inc. raised its holdings in FactSet Research Systems by 9.7% during the third quarter. Bares Capital Management Inc. now owns 672,267 shares of the business services provider’s stock worth $121,082,000 after purchasing an additional 59,249 shares in the last quarter. Institutional investors and hedge funds own 93.73% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Zacks: Brokerages Anticipate FactSet Research Systems Inc. (FDS) Will Announce Earnings of $1.96 Per Share” was first posted by Week Herald and is the property of of Week Herald. If you are viewing this report on another publication, it was stolen and reposted in violation of international trademark & copyright law. The correct version of this report can be read at https://weekherald.com/2017/12/16/zacks-brokerages-anticipate-factset-research-systems-inc-fds-will-announce-earnings-of-1-96-per-share.html.

About FactSet Research Systems

Factset Research Systems Inc is engaged in providing integrated financial information and big data analytical applications for the global investment community. The Company’s segments include the U.S., Europe and Asia Pacific. The U.S. segment services finance professionals, including financial institutions throughout the Americas.

Get a free copy of the Zacks research report on FactSet Research Systems (FDS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for FactSet Research Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FactSet Research Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply