$2.73 Earnings Per Share Expected for FactSet Research Systems Inc. (NYSE:FDS) This Quarter

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Brokerages expect that FactSet Research Systems Inc. (NYSE:FDS) will post $2.73 earnings per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for FactSet Research Systems’ earnings, with the highest EPS estimate coming in at $2.83 and the lowest estimate coming in at $2.66. FactSet Research Systems posted earnings of $2.58 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.8%. The business is scheduled to issue its next quarterly earnings results on Thursday, December 17th.

According to Zacks, analysts expect that FactSet Research Systems will report full year earnings of $11.01 per share for the current financial year, with EPS estimates ranging from $10.81 to $11.14. For the next fiscal year, analysts anticipate that the firm will report earnings of $11.71 per share, with EPS estimates ranging from $11.57 to $12.00. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover FactSet Research Systems.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Thursday, September 24th. The business services provider reported $2.88 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.54 by $0.34. FactSet Research Systems had a net margin of 24.96% and a return on equity of 54.21%. The business had revenue of $383.60 million for the quarter, compared to analysts’ expectations of $378.74 million. During the same quarter last year, the company earned $2.61 EPS. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year.

A number of research firms recently weighed in on FDS. Morgan Stanley increased their price objective on shares of FactSet Research Systems from $251.00 to $264.00 and gave the stock an “underweight” rating in a report on Tuesday, July 28th. Raymond James reaffirmed a “sell” rating on shares of FactSet Research Systems in a report on Thursday, September 24th. UBS Group increased their target price on shares of FactSet Research Systems from $298.00 to $313.00 and gave the company a “sell” rating in a research report on Friday, September 25th. Deutsche Bank Aktiengesellschaft increased their target price on shares of FactSet Research Systems from $293.00 to $315.00 and gave the company a “hold” rating in a research report on Friday, September 25th. Finally, Oppenheimer reiterated a “hold” rating on shares of FactSet Research Systems in a research report on Thursday, June 25th. Five research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. FactSet Research Systems has a consensus rating of “Hold” and a consensus price target of $285.08.

Shares of FDS stock traded up $1.82 during trading hours on Monday, reaching $339.56. The stock had a trading volume of 183,484 shares, compared to its average volume of 296,537. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.05 and a quick ratio of 2.86. FactSet Research Systems has a twelve month low of $195.22 and a twelve month high of $363.64. The firm has a 50-day simple moving average of $333.83 and a 200-day simple moving average of $317.25. The firm has a market capitalization of $12.90 billion, a PE ratio of 35.19, a price-to-earnings-growth ratio of 3.52 and a beta of 0.78.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Monday, August 31st were given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date was Friday, August 28th. FactSet Research Systems’s dividend payout ratio is 28.33%.

In other FactSet Research Systems news, Director Robin Ann Abrams sold 1,400 shares of FactSet Research Systems stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $325.14, for a total transaction of $455,196.00. Following the sale, the director now owns 3,322 shares in the company, valued at $1,080,115.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Frederick Philip Snow sold 1,769 shares of FactSet Research Systems stock in a transaction 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 in the company, valued at approximately $1,983,446.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,178 shares of company stock worth $6,708,312. 2.30% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Neo Ivy Capital Management acquired a new stake in FactSet Research Systems during the second quarter worth $1,442,000. State of Michigan Retirement System boosted its stake in FactSet Research Systems by 30.4% during the second quarter. State of Michigan Retirement System now owns 13,825 shares of the business services provider’s stock worth $4,541,000 after buying an additional 3,225 shares in the last quarter. Invesco Ltd. boosted its stake in FactSet Research Systems by 11.4% during the first quarter. Invesco Ltd. now owns 104,482 shares of the business services provider’s stock worth $27,236,000 after buying an additional 10,668 shares in the last quarter. HighTower Advisors LLC lifted its holdings in shares of FactSet Research Systems by 14.9% during the first quarter. HighTower Advisors LLC now owns 3,995 shares of the business services provider’s stock valued at $1,045,000 after acquiring an additional 517 shares during the period. Finally, AXA lifted its holdings in shares of FactSet Research Systems by 3.5% during the first quarter. AXA now owns 14,927 shares of the business services provider’s stock valued at $3,891,000 after acquiring an additional 499 shares during the period. Hedge funds and other institutional investors own 92.58% 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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