FactSet Research Systems (NYSE:FDS) Releases FY 2021 Pre-Market Earnings Guidance

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FactSet Research Systems (NYSE:FDS) issued an update on its FY 2021
Pre-Market earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 10.75-11.15 for the period, compared to the Thomson Reuters consensus estimate of $10.84. The company issued revenue guidance of $1.57-1.585 billion, compared to the consensus revenue estimate of $1.55 billion.FactSet Research Systems also updated its FY21 guidance to $10.75-11.15 EPS.

NYSE:FDS opened at $328.40 on Friday. FactSet Research Systems has a 52 week low of $195.22 and a 52 week high of $363.64. The company has a quick ratio of 2.86, a current ratio of 2.86 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $12.48 billion, a PE ratio of 33.86, a price-to-earnings-growth ratio of 3.61 and a beta of 0.76. The stock’s 50-day moving average price is $345.30 and its 200-day moving average price is $308.23.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Thursday, September 24th. The business services provider reported $2.88 EPS for the quarter, beating the Zacks’ consensus estimate of $2.54 by $0.34. FactSet Research Systems had a return on equity of 57.06% and a net margin of 25.45%. The firm had revenue of $383.60 million for the quarter, compared to analysts’ expectations of $378.74 million. During the same period last year, the firm earned $2.61 EPS. The company’s quarterly revenue was up 5.3% on a year-over-year basis. Sell-side analysts expect that FactSet Research Systems will post 10.52 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Monday, August 31st were paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend was Friday, August 28th. FactSet Research Systems’s dividend payout ratio is presently 30.80%.

A number of brokerages recently weighed in on FDS. Deutsche Bank raised their price target on shares of FactSet Research Systems from $293.00 to $315.00 and gave the company a hold rating in a research note on Friday. Oppenheimer reaffirmed a hold rating on shares of FactSet Research Systems in a research note on Thursday, June 25th. UBS Group raised their price target on shares of FactSet Research Systems from $298.00 to $313.00 and gave the company a sell rating in a research note on Friday. Wells Fargo & Company raised their price target on shares of FactSet Research Systems from $280.00 to $310.00 and gave the company an equal weight rating in a research note on Friday. Finally, Credit Suisse Group raised their price target on shares of FactSet Research Systems from $250.00 to $310.00 and gave the company a neutral rating in a research note on Friday, June 26th. Six equities research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. FactSet Research Systems presently has an average rating of Hold and an average target price of $282.92.

In other news, EVP Goran Skoko sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, July 10th. The shares were sold at an average price of $350.56, for a total transaction of $1,051,680.00. Following the completion of the sale, the executive vice president now owns 6,363 shares in the company, valued at approximately $2,230,613.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Frederick Philip Snow sold 1,769 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $350.68, for a total transaction of $620,352.92. Following the sale, the chief executive officer now owns 5,656 shares of the company’s stock, valued at approximately $1,983,446.08. The disclosure for this sale can be found here. Insiders sold a total of 12,545 shares of company stock worth $4,274,906 over the last three months. Corporate insiders own 2.30% of the company’s stock.

FactSet Research Systems Company Profile

FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment community in the United States, Europe, and the Asia Pacific. The company delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.

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Earnings History and Estimates for FactSet Research Systems (NYSE:FDS)

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