Analysts Expect NICE Ltd. (NASDAQ:NICE) Will Announce Earnings of $1.78 Per Share

Equities analysts expect NICE Ltd. (NASDAQ:NICEGet Rating) to post earnings per share of $1.78 for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for NICE’s earnings, with estimates ranging from $1.70 to $1.81. NICE posted earnings of $1.57 per share during the same quarter last year, which would suggest a positive year over year growth rate of 13.4%. The company is scheduled to report its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that NICE will report full year earnings of $7.36 per share for the current year, with EPS estimates ranging from $7.30 to $7.43. For the next financial year, analysts expect that the company will post earnings of $8.04 per share, with EPS estimates ranging from $7.23 to $8.33. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that follow NICE.

NICE (NASDAQ:NICEGet Rating) last issued its earnings results on Thursday, May 12th. The technology company reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). NICE had a return on equity of 11.43% and a net margin of 10.10%. The company had revenue of $527.43 million during the quarter, compared to analyst estimates of $510.64 million.

A number of analysts have commented on NICE shares. Citigroup decreased their target price on NICE from $314.00 to $306.00 in a research report on Friday, February 18th. TheStreet lowered NICE from a “b” rating to a “c+” rating in a research note on Monday, March 7th. Royal Bank of Canada dropped their price target on NICE from $365.00 to $240.00 in a research note on Friday, May 13th. Morgan Stanley lowered their target price on NICE from $315.00 to $260.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 22nd. Finally, Zacks Investment Research raised NICE from a “sell” rating to a “hold” rating in a report on Wednesday, April 20th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $277.29.

NASDAQ:NICE opened at $202.65 on Friday. The firm has a market cap of $12.86 billion, a P/E ratio of 67.55, a PEG ratio of 2.54 and a beta of 0.85. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.16. The stock’s 50 day simple moving average is $207.49 and its 200-day simple moving average is $245.89. NICE has a 12-month low of $179.13 and a 12-month high of $319.88.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Capital International Sarl increased its stake in NICE by 2.7% during the first quarter. Capital International Sarl now owns 19,827 shares of the technology company’s stock valued at $4,342,000 after acquiring an additional 521 shares during the period. Capital Group International Inc. CA boosted its holdings in NICE by 2.7% during the first quarter. Capital Group International Inc. CA now owns 303,067 shares of the technology company’s stock valued at $66,372,000 after purchasing an additional 7,978 shares in the last quarter. Capital International Investors boosted its holdings in NICE by 2.0% during the first quarter. Capital International Investors now owns 1,627,984 shares of the technology company’s stock valued at $357,017,000 after purchasing an additional 32,312 shares in the last quarter. Capital Group Private Client Services Inc. boosted its holdings in NICE by 2.3% during the first quarter. Capital Group Private Client Services Inc. now owns 51,268 shares of the technology company’s stock valued at $11,228,000 after purchasing an additional 1,162 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its holdings in NICE by 16,450.0% during the first quarter. BNP Paribas Arbitrage SA now owns 8,175 shares of the technology company’s stock valued at $1,790,000 after purchasing an additional 8,225 shares in the last quarter. Hedge funds and other institutional investors own 70.48% of the company’s stock.

About NICE (Get Rating)

NICE Ltd., together with its subsidiaries, provides cloud platforms for AI-driven digital business solutions worldwide. It offers CXone, a cloud native open platform that supports contact centers ranging from small single sites to distributed remote agents and enterprises; Enlighten, an AI engine for CX that discovers automation opportunities for self-service; digital-entry points solutions that enable organizations to address consumers' needs; and journey orchestration solutions that empower organizations to connect and route customers to deal with the customer's request, and connecting them using real time AI-based routing.

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