$1.28 EPS Expected for Nice Ltd (NASDAQ:NICE) This Quarter

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Equities analysts expect that Nice Ltd (NASDAQ:NICE) will announce earnings per share (EPS) of $1.28 for the current quarter, Zacks reports. Five analysts have issued estimates for Nice’s earnings, with the lowest EPS estimate coming in at $1.27 and the highest estimate coming in at $1.29. Nice reported earnings per share of $1.12 in the same quarter last year, which would suggest a positive year-over-year growth rate of 14.3%. The business is expected to issue its next earnings report on Thursday, November 14th.

On average, analysts expect that Nice will report full year earnings of $5.25 per share for the current fiscal year, with EPS estimates ranging from $5.21 to $5.31. For the next year, analysts forecast that the company will post earnings of $5.77 per share, with EPS estimates ranging from $5.69 to $6.02. Zacks’ EPS averages are an average based on a survey of analysts that cover Nice.

Nice (NASDAQ:NICE) last released its earnings results on Thursday, August 8th. The technology company reported $1.02 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.02. The firm had revenue of $381.40 million during the quarter, compared to analyst estimates of $378.80 million. Nice had a return on equity of 12.09% and a net margin of 11.85%. Nice’s revenue was up 11.0% compared to the same quarter last year. During the same period last year, the business posted $1.06 earnings per share.

NICE has been the subject of a number of recent research reports. Jefferies Financial Group lifted their target price on Nice from $166.00 to $179.00 and gave the company a “buy” rating in a report on Friday, August 9th. JMP Securities raised their price target on Nice from $164.00 to $185.00 and gave the company a “market outperform” rating in a research note on Friday, August 9th. Wedbush restated a “buy” rating and issued a $160.00 price target on shares of Nice in a research note on Thursday, May 16th. DA Davidson raised their price target on Nice to $140.00 and gave the company a “neutral” rating in a research note on Friday, May 17th. Finally, Citigroup raised their price target on Nice from $117.00 to $137.00 and gave the company a “neutral” rating in a research note on Friday, May 17th. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $151.42.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Invesco Ltd. acquired a new stake in shares of Nice during the second quarter worth about $372,502,000. OppenheimerFunds Inc. increased its position in shares of Nice by 6.6% during the first quarter. OppenheimerFunds Inc. now owns 2,691,376 shares of the technology company’s stock worth $329,720,000 after purchasing an additional 166,110 shares in the last quarter. William Blair Investment Management LLC increased its position in shares of Nice by 22.1% during the second quarter. William Blair Investment Management LLC now owns 1,351,820 shares of the technology company’s stock worth $185,185,000 after purchasing an additional 244,874 shares in the last quarter. Investec Asset Management LTD increased its position in shares of Nice by 2.9% during the first quarter. Investec Asset Management LTD now owns 883,177 shares of the technology company’s stock worth $108,198,000 after purchasing an additional 25,051 shares in the last quarter. Finally, Acadian Asset Management LLC increased its position in shares of Nice by 10.3% during the second quarter. Acadian Asset Management LLC now owns 715,421 shares of the technology company’s stock worth $98,012,000 after purchasing an additional 66,561 shares in the last quarter. Institutional investors and hedge funds own 48.23% of the company’s stock.

NASDAQ:NICE traded down $1.74 during midday trading on Friday, reaching $152.07. The company had a trading volume of 78,193 shares, compared to its average volume of 232,494. The firm has a market capitalization of $9.52 billion, a price-to-earnings ratio of 39.50, a PEG ratio of 3.10 and a beta of 0.74. The stock’s fifty day simple moving average is $149.68 and its 200-day simple moving average is $133.67. Nice has a 12-month low of $100.54 and a 12-month high of $155.76. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.27.

About Nice

NICE Ltd. provides enterprise software solutions worldwide. The company 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 optimize business performance and ensure compliance.

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Earnings History and Estimates for Nice (NASDAQ:NICE)

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