Media coverage about Financial Engines (NASDAQ:FNGN) has trended positive recently, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Financial Engines earned a daily sentiment score of 0.31 on Accern’s scale. Accern also assigned media stories about the asset manager an impact score of 0 out of 100, meaning that recent press coverage is extremely unlikely to have an effect on the stock’s share price in the near term.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Barclays 2008 Qatar fundraising trial set for Jan 2019 (btvi.in)
- Risk Analytics Market Expected to Reach 35.92 Billion USD by 2022 (emailwire.com)
- POET Technologies Provides Highlights from Annual General Meeting (globenewswire.com)
- EnPro Industries Announces Date for Second Quarter Earnings Release and Conference Call (digitaljournal.com)
- Financial Engines, Inc. (NASDAQ:FNGN) Experiences Heavier than Usual Trading Volume (highlightpress.com)
Financial Engines (NASDAQ FNGN) opened at 37.85 on Tuesday. The firm has a market cap of $2.38 billion, a P/E ratio of 64.37 and a beta of 2.21. The company’s 50 day moving average is $38.82 and its 200 day moving average is $39.69. Financial Engines has a 52-week low of $25.00 and a 52-week high of $45.75.
Financial Engines (NASDAQ:FNGN) last issued its earnings results on Thursday, May 4th. The asset manager reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.02. The company had revenue of $114.10 million for the quarter, compared to analysts’ expectations of $115.78 million. Financial Engines had a net margin of 8.39% and a return on equity of 7.24%. The firm’s revenue was up 23.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.24 earnings per share. Equities research analysts forecast that Financial Engines will post $1.37 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 6th. Investors of record on Wednesday, June 14th were issued a $0.07 dividend. The ex-dividend date of this dividend was Monday, June 12th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.74%. Financial Engines’s dividend payout ratio (DPR) is presently 48.28%.
Several research firms have recently weighed in on FNGN. Zacks Investment Research raised shares of Financial Engines from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research note on Wednesday, May 10th. DA Davidson started coverage on shares of Financial Engines in a report on Wednesday, June 21st. They set a “buy” rating and a $44.00 price objective on the stock. BidaskClub lowered shares of Financial Engines from a “sell” rating to a “strong sell” rating in a report on Saturday, July 1st. TheStreet raised shares of Financial Engines from a “c+” rating to a “b-” rating in a research note on Thursday, April 27th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $47.00 target price on shares of Financial Engines in a research note on Tuesday, March 21st. One analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $44.33.
In related news, CFO Raymond J. Sims sold 24,649 shares of the stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $42.53, for a total value of $1,048,321.97. Following the completion of the transaction, the chief financial officer now owns 26,358 shares in the company, valued at approximately $1,121,005.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Raymond J. Sims sold 30,166 shares of the stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $39.92, for a total transaction of $1,204,226.72. Following the completion of the transaction, the chief financial officer now owns 21,759 shares of the company’s stock, valued at approximately $868,619.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 126,345 shares of company stock worth $5,153,668. Corporate insiders own 15.97% of the company’s stock.
Financial Engines Company Profile
Financial Engines, Inc is a provider of independent, technology-enabled financial advisory services, discretionary portfolio management, personalized investment advice, financial and retirement income planning, and financial education and guidance. The Company offers personalized plans for saving, investing, and generating retirement income, as well as by providing assessments of retirement income needs and readiness.
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