$522.97 Million in Sales Expected for NICE Ltd. (NASDAQ:NICE) This Quarter

Brokerages predict that NICE Ltd. (NASDAQ:NICEGet Rating) will announce sales of $522.97 million for the current fiscal quarter, according to Zacks. Five analysts have made estimates for NICE’s earnings, with estimates ranging from $514.50 million to $525.80 million. NICE posted sales of $458.86 million during the same quarter last year, which suggests a positive year-over-year growth rate of 14%. The firm is expected to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that NICE will report full-year sales of $2.17 billion for the current financial year, with estimates ranging from $2.17 billion to $2.18 billion. For the next year, analysts anticipate that the business will post sales of $2.43 billion, with estimates ranging from $2.40 billion to $2.48 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for NICE.

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

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

NICE stock opened at $202.65 on Tuesday. The company has a market cap of $12.86 billion, a price-to-earnings ratio of 67.55, a price-to-earnings-growth ratio of 2.69 and a beta of 0.85. The company has a fifty day moving average price of $207.18 and a 200 day moving average price of $244.68. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.88 and a quick ratio of 1.88. NICE has a 12 month low of $179.13 and a 12 month high of $319.88.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Prospera Financial Services Inc acquired a new stake in NICE in the 1st quarter worth about $36,000. Private Capital Group LLC boosted its position in shares of NICE by 940.0% in the fourth quarter. Private Capital Group LLC now owns 156 shares of the technology company’s stock worth $47,000 after acquiring an additional 141 shares during the last quarter. Aaron Wealth Advisors LLC purchased a new stake in NICE in the first quarter valued at approximately $47,000. Standard Family Office LLC acquired a new position in NICE during the first quarter worth approximately $51,000. Finally, Loomis Sayles & Co. L P raised its stake in NICE by 25.2% during the first quarter. Loomis Sayles & Co. L P now owns 298 shares of the technology company’s stock worth $65,000 after purchasing an additional 60 shares during the period. 70.48% of the stock is currently owned by institutional investors.

NICE Company Profile (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.

See Also

Get a free copy of the Zacks research report on NICE (NICE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for NICE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NICE and related companies with MarketBeat.com's FREE daily email newsletter.