Financial Engines Inc. Declares Quarterly Dividend of $0.06 (FNGN)

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Financial Engines (NASDAQ:FNGN) announced a quarterly dividend on Thursday, July 31st, AmericanBankingNews.com reports. Shareholders of record on Monday, September 22nd will be paid a dividend of 0.06 per share on Monday, October 6th. This represents a $0.24 annualized dividend and a dividend yield of 0.62%.

A number of analysts have recently weighed in on FNGN shares. Analysts at Raymond James upgraded shares of Financial Engines from an “underperform” rating to a “market perform” rating in a research note on Wednesday. Finally, analysts at TheStreet downgraded shares of Financial Engines from a “buy” rating to a “hold” rating in a research note on Thursday, May 22nd. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Financial Engines has an average rating of “Buy” and an average target price of $56.00.

Shares of Financial Engines (NASDAQ:FNGN) traded down 3.47% on Thursday, hitting $38.95. 820,330 shares of the company’s stock traded hands. Financial Engines has a 52-week low of $36.47 and a 52-week high of $71.08. The stock has a 50-day moving average of $42.35 and a 200-day moving average of $49.51. The company has a market cap of $2.004 billion and a price-to-earnings ratio of 67.36.

Financial Engines (NASDAQ:FNGN) last released its earnings data on Thursday, July 31st. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.22 by $0.03. The company had revenue of $69.80 million for the quarter, compared to the consensus estimate of $69.68 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. The company’s quarterly revenue was up 20.8% on a year-over-year basis. Analysts expect that Financial Engines will post $0.91 EPS for the current fiscal year.

Financial Engines, Inc (NASDAQ:FNGN) is a provider of portfolio management services, investment advice and retirement income services to participants in employer-sponsored defined contribution plans, such as 401(k) plans.

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