Nice (NICE) Issues FY 2018 Earnings Guidance

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Nice (NASDAQ:NICE) issued an update on its FY 2018 earnings guidance on Thursday morning. The company provided EPS guidance of $4.53-4.69 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.56. The company issued revenue guidance of $1.45-1.466 billion, compared to the consensus revenue estimate of $1.45 billion.Nice also updated its FY18 guidance to $4.53-4.69 EPS.

Shares of NICE opened at $113.52 on Friday. Nice has a 12 month low of $82.72 and a 12 month high of $119.83. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.24. The firm has a market cap of $6.53 billion, a PE ratio of 49.14, a price-to-earnings-growth ratio of 4.13 and a beta of 0.87.

Nice (NASDAQ:NICE) last issued its earnings results on Thursday, November 8th. The technology company reported $0.62 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.04). The firm had revenue of $356.45 million during the quarter, compared to analysts’ expectations of $350.67 million. Nice had a return on equity of 9.15% and a net margin of 11.73%. Analysts forecast that Nice will post 2.56 earnings per share for the current year.

A number of equities analysts recently issued reports on NICE shares. Zacks Investment Research lowered Nice from a hold rating to a sell rating in a research note on Saturday, July 21st. BidaskClub upgraded Nice from a hold rating to a buy rating in a research note on Friday, July 27th. Barclays restated a hold rating and issued a $114.00 target price on shares of Nice in a research note on Friday, August 10th. JPMorgan Chase & Co. raised their target price on Nice from $104.00 to $110.00 and gave the stock a neutral rating in a research note on Friday, August 10th. Finally, Jefferies Financial Group raised their target price on Nice to $132.00 and gave the stock a buy rating in a research note on Thursday, September 20th. They noted that the move was a valuation call. Eight research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $112.73.

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About Nice

NICE Ltd. provides enterprise software solutions worldwide. It operates in two segments, Customer Engagement and Financial Crime and Compliance. The Customer Engagement segment offers platform and solutions that empower businesses to deliver consistent and personalized experience across the customer journey, and delivered in the cloud, as well as on premise.

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Earnings History and Estimates for Nice (NASDAQ:NICE)

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