Nice (NICE) Issues FY 2019 Earnings Guidance

Nice (NASDAQ:NICE) issued an update on its FY 2019 earnings guidance on Thursday morning. The company provided EPS guidance of $5.11-5.31 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.18. The company issued revenue guidance of $1.558-1.582 billion, compared to the consensus revenue estimate of $1.57 billion.Nice also updated its FY19 guidance to $5.11-5.31 EPS.

NICE opened at $132.07 on Thursday. The stock has a market cap of $8.11 billion, a PE ratio of 34.30, a P/E/G ratio of 2.95 and a beta of 0.86. Nice has a 52-week low of $100.54 and a 52-week high of $140.29. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.23.

Nice (NASDAQ:NICE) last posted its quarterly earnings data on Thursday, May 16th. The technology company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.07. Nice had a return on equity of 9.15% and a net margin of 11.03%. The business had revenue of $377.00 million during the quarter, compared to analysts’ expectations of $375.18 million. During the same quarter in the previous year, the firm earned $1.03 EPS. The firm’s revenue was up 12.4% compared to the same quarter last year. On average, equities research analysts forecast that Nice will post 4.35 earnings per share for the current year.

Several research firms recently weighed in on NICE. BidaskClub cut Nice from a strong-buy rating to a buy rating in a research report on Friday, May 3rd. Barclays boosted their price objective on Nice from $124.00 to $150.00 and gave the stock an equal weight rating in a research report on Wednesday, April 24th. JMP Securities reissued an outperform rating and set a $140.00 price objective (up previously from $120.00) on shares of Nice in a research report on Monday, April 22nd. Wedbush reissued a positive rating and set a $155.00 price objective (up previously from $145.00) on shares of Nice in a research report on Monday, April 22nd. Finally, JPMorgan Chase & Co. raised Nice from a neutral rating to an overweight rating and boosted their price objective for the stock from $125.00 to $150.00 in a research report on Thursday, April 18th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Nice has an average rating of Buy and a consensus price target of $136.64.

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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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