Five9 Inc (FIVN) Expected to Announce Earnings of $0.01 Per Share

Equities analysts expect Five9 Inc (NASDAQ:FIVN) to post earnings per share of $0.01 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Five9’s earnings, with estimates ranging from ($0.02) to $0.03. The company is scheduled to report its next quarterly earnings results on Wednesday, May 2nd.

On average, analysts expect that Five9 will report full year earnings of $0.12 per share for the current year, with EPS estimates ranging from $0.05 to $0.17. For the next financial year, analysts expect that the company will post earnings of $0.28 per share, with EPS estimates ranging from $0.24 to $0.40. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that follow Five9.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings results on Wednesday, February 21st. The software maker reported $0.07 EPS for the quarter, beating the consensus estimate of $0.04 by $0.03. The firm had revenue of $55.40 million for the quarter, compared to analyst estimates of $52.31 million. Five9 had a negative return on equity of 5.98% and a negative net margin of 1.14%. The business’s quarterly revenue was up 25.3% on a year-over-year basis.

FIVN has been the topic of a number of recent research reports. Morgan Stanley raised their price objective on Five9 from $21.00 to $23.00 and gave the company an “equal weight” rating in a research report on Thursday, November 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $30.00 price objective on shares of Five9 in a research report on Friday, November 10th. Barclays downgraded Five9 from an “overweight” rating to an “equal weight” rating and set a $27.00 price objective on the stock. in a research report on Monday, January 8th. Zacks Investment Research raised Five9 from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research report on Monday, November 13th. Finally, SunTrust Banks initiated coverage on Five9 in a research report on Wednesday, January 31st. They set a “buy” rating and a $30.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. Five9 presently has an average rating of “Buy” and an average target price of $26.60.

Shares of Five9 (NASDAQ:FIVN) opened at $29.70 on Friday. Five9 has a 12-month low of $15.77 and a 12-month high of $32.00. The firm has a market capitalization of $1,690.00, a PE ratio of -174.71 and a beta of 0.26. The company has a debt-to-equity ratio of 1.04, a quick ratio of 2.17 and a current ratio of 2.17.

In other Five9 news, Director Kimberly Alexy sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $24.67, for a total value of $370,050.00. Following the completion of the sale, the director now owns 22,155 shares of the company’s stock, valued at $546,563.85. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Barry Zwarenstein sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $24.42, for a total value of $122,100.00. The disclosure for this sale can be found here. In the last three months, insiders sold 335,889 shares of company stock valued at $8,650,000. Corporate insiders own 9.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of FIVN. Northern Trust Corp boosted its holdings in Five9 by 40.4% in the second quarter. Northern Trust Corp now owns 670,579 shares of the software maker’s stock worth $14,432,000 after acquiring an additional 193,100 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Five9 by 25.5% in the second quarter. Vanguard Group Inc. now owns 3,297,927 shares of the software maker’s stock worth $70,972,000 after acquiring an additional 670,939 shares in the last quarter. California Public Employees Retirement System boosted its holdings in Five9 by 4.7% in the second quarter. California Public Employees Retirement System now owns 39,700 shares of the software maker’s stock worth $854,000 after acquiring an additional 1,800 shares in the last quarter. Voya Investment Management LLC boosted its holdings in Five9 by 70.1% in the second quarter. Voya Investment Management LLC now owns 23,947 shares of the software maker’s stock worth $515,000 after acquiring an additional 9,872 shares in the last quarter. Finally, State Street Corp boosted its holdings in Five9 by 49.3% in the second quarter. State Street Corp now owns 887,639 shares of the software maker’s stock worth $19,103,000 after acquiring an additional 293,067 shares in the last quarter. 92.92% of the stock is owned by institutional investors and hedge funds.

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Five9 Company Profile

Five9 Inc (Five9) is a provider of cloud software for contact centers. The Company’s purpose-built Virtual Contact Center (VCC) cloud platform delivers a suite of applications that enable the breadth of contact center-related customer service, sales and marketing functions. The Company’s solution, which consists of its VCC cloud platform and applications, allows simultaneous management and optimization of customer interactions across voice, chat, e-mail, Web, social media and mobile channels, either directly or through its application programming interfaces (APIs).

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