Brokerages Anticipate Jack Henry & Associates, Inc. (NASDAQ:JKHY) Will Post Earnings of $1.00 Per Share

Wall Street analysts forecast that Jack Henry & Associates, Inc. (NASDAQ:JKHYGet Rating) will announce earnings of $1.00 per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Jack Henry & Associates’ earnings. The highest EPS estimate is $1.00 and the lowest is $0.99. Jack Henry & Associates reported earnings per share of $1.04 during the same quarter last year, which would suggest a negative year over year growth rate of 3.8%. The firm is scheduled to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Jack Henry & Associates will report full-year earnings of $4.83 per share for the current year, with EPS estimates ranging from $4.81 to $4.84. For the next financial year, analysts forecast that the firm will post earnings of $5.24 per share, with EPS estimates ranging from $5.20 to $5.27. Zacks’ EPS averages are an average based on a survey of analysts that cover Jack Henry & Associates.

Jack Henry & Associates (NASDAQ:JKHYGet Rating) last released its quarterly earnings results on Tuesday, May 3rd. The technology company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.10. Jack Henry & Associates had a net margin of 18.81% and a return on equity of 27.04%. The company had revenue of $478.30 million during the quarter, compared to the consensus estimate of $475.52 million. During the same period in the previous year, the business earned $0.95 earnings per share. The firm’s quarterly revenue was up 10.3% on a year-over-year basis.

A number of research analysts recently issued reports on JKHY shares. Royal Bank of Canada lifted their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 in a research note on Thursday, February 10th. StockNews.com cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Monday, May 9th. DA Davidson lifted their price objective on shares of Jack Henry & Associates from $188.00 to $204.00 in a research note on Thursday, February 10th. Finally, Oppenheimer raised shares of Jack Henry & Associates from a “market perform” rating to an “outperform” rating and set a $206.00 price objective on the stock in a research note on Tuesday, March 1st. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $184.50.

NASDAQ JKHY opened at $188.09 on Friday. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.17. Jack Henry & Associates has a 1-year low of $147.50 and a 1-year high of $205.37. The company has a 50 day moving average of $191.20 and a 200-day moving average of $175.32. The company has a market cap of $13.70 billion, a price-to-earnings ratio of 38.54, a PEG ratio of 4.10 and a beta of 0.58.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 14th. Shareholders of record on Friday, May 27th will be paid a dividend of $0.49 per share. The ex-dividend date is Thursday, May 26th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.04%. Jack Henry & Associates’s payout ratio is presently 40.16%.

In other Jack Henry & Associates news, CEO David B. Foss sold 3,247 shares of the business’s stock in a transaction on Wednesday, March 23rd. The shares were sold at an average price of $188.08, for a total transaction of $610,695.76. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.60% of the company’s stock.

Several institutional investors have recently modified their holdings of JKHY. Confluence Wealth Services Inc. bought a new stake in shares of Jack Henry & Associates in the fourth quarter worth $26,000. First National Bank of South Miami acquired a new position in Jack Henry & Associates in the fourth quarter valued at $27,000. Bivin & Associates Inc. acquired a new position in Jack Henry & Associates in the fourth quarter valued at $28,000. Concord Wealth Partners lifted its holdings in Jack Henry & Associates by 2,250.0% in the first quarter. Concord Wealth Partners now owns 141 shares of the technology company’s stock valued at $28,000 after buying an additional 135 shares during the period. Finally, Altshuler Shaham Ltd acquired a new position in Jack Henry & Associates in the third quarter valued at $35,000. 89.58% of the stock is currently owned by institutional investors.

Jack Henry & Associates Company Profile (Get Rating)

Jack Henry & Associates, Inc provides technology solutions and payment processing services primarily for financial services organizations in the United States. It operates through four segments: Core, Payments, Complementary, and Corporate and Other. The company offers information and transaction processing solutions for banks ranging from community to multi-billion-dollar asset institutions under the Jack Henry Banking brand; core data processing solutions for various credit unions under the Symitar brand; and specialized financial performance, imaging and payments processing, information security and risk management, retail delivery, and online and mobile solutions to financial institutions and corporate entities under the ProfitStars brand.

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Earnings History and Estimates for Jack Henry & Associates (NASDAQ:JKHY)

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