NIC (EGOV) to Release Earnings on Thursday

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NIC (NASDAQ:EGOV) will post its quarterly earnings results after the market closes on Thursday, November 1st. Analysts expect NIC to post earnings of $0.17 per share for the quarter.

NIC (NASDAQ:EGOV) last issued its earnings results on Wednesday, August 1st. The software maker reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. The company had revenue of $92.50 million for the quarter, compared to the consensus estimate of $90.36 million. NIC had a return on equity of 33.16% and a net margin of 16.52%. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.19 EPS. On average, analysts expect NIC to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of EGOV opened at $13.38 on Wednesday. The stock has a market capitalization of $909.21 million, a PE ratio of 17.43, a price-to-earnings-growth ratio of 1.73 and a beta of 0.68. NIC has a fifty-two week low of $12.65 and a fifty-two week high of $18.90.

A number of equities analysts have recently weighed in on the company. Barrington Research reiterated a “hold” rating on shares of NIC in a report on Monday. BidaskClub upgraded NIC from a “sell” rating to a “hold” rating in a report on Saturday, October 13th. ValuEngine upgraded NIC from a “strong sell” rating to a “sell” rating in a report on Saturday, October 6th. Finally, TheStreet downgraded NIC from a “b-” rating to a “c+” rating in a report on Monday, October 1st. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $17.75.

NIC Company Profile

NIC Inc, together with its subsidiaries, provides digital government services that enable governments to use technology to provide various services to businesses and citizens in the United States. The company's outsourced portal business enters into long-term contracts with state and local governments to design, build, and operate Internet-based and enterprise-wide portals on their behalf.

See Also: Understanding Price to Earnings Ratio (PE)

Earnings History for NIC (NASDAQ:EGOV)

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