Fair Isaac (FICO) Issues FY 2019 Earnings Guidance

Share on StockTwits

Fair Isaac (NYSE:FICO) issued an update on its FY 2019 earnings guidance on Thursday morning. The company provided EPS guidance of $6.88-6.88 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.37. The company issued revenue guidance of $1.125-1.125 billion, compared to the consensus revenue estimate of $1.03 billion.

Several brokerages have issued reports on FICO. Zacks Investment Research cut shares of Fair Isaac from a strong-buy rating to a hold rating in a research report on Tuesday, September 25th. ValuEngine upgraded shares of Fair Isaac from a buy rating to a strong-buy rating in a research report on Thursday, August 2nd. Barclays upped their price target on shares of Fair Isaac from $190.00 to $200.00 and gave the company an equal weight rating in a research report on Thursday, July 12th. Finally, Wells Fargo & Co upped their price target on shares of Fair Isaac from $200.00 to $250.00 and gave the company an outperform rating in a research report on Friday, July 27th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $208.50.

NYSE FICO traded up $5.71 on Thursday, hitting $198.42. The company’s stock had a trading volume of 272,572 shares, compared to its average volume of 215,131. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.84 and a current ratio of 0.84. Fair Isaac has a 1-year low of $141.90 and a 1-year high of $241.10. The stock has a market cap of $5.51 billion, a P/E ratio of 49.85, a price-to-earnings-growth ratio of 3.32 and a beta of 1.28.

Fair Isaac (NYSE:FICO) last announced its quarterly earnings results on Thursday, July 26th. The technology company reported $1.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.49. Fair Isaac had a net margin of 13.12% and a return on equity of 39.61%. The firm had revenue of $259.50 million during the quarter, compared to analysts’ expectations of $257.49 million. During the same period in the prior year, the company posted $1.16 EPS. The company’s revenue was up 12.3% on a year-over-year basis. Analysts predict that Fair Isaac will post 4.5 earnings per share for the current fiscal year.

In other Fair Isaac news, EVP James M. Wehmann sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $211.87, for a total value of $2,118,700.00. Following the completion of the transaction, the executive vice president now directly owns 99,726 shares in the company, valued at approximately $21,128,947.62. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director James Kirsner sold 12,750 shares of the stock in a transaction on Monday, August 6th. The stock was sold at an average price of $210.74, for a total transaction of $2,686,935.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 152,620 shares of company stock valued at $33,235,837. Corporate insiders own 5.60% of the company’s stock.

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. 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.

Featured Story: Dow Jones Industrial Average (DJIA)

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

Leave a Reply