Nice Ltd (NICE) Expected to Post Quarterly Sales of $350.59 Million

Analysts expect Nice Ltd (NASDAQ:NICE) to post $350.59 million in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Nice’s earnings, with estimates ranging from $346.26 million to $353.50 million. Nice reported sales of $322.76 million in the same quarter last year, which would suggest a positive year over year growth rate of 8.6%. The business is scheduled to report its next earnings results before the market opens on Thursday, November 8th.

On average, analysts expect that Nice will report full year sales of $1.44 billion for the current financial year, with estimates ranging from $1.44 billion to $1.45 billion. For the next financial year, analysts expect that the firm will report sales of $1.55 billion, with estimates ranging from $1.54 billion to $1.57 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Nice.

Nice (NASDAQ:NICE) last announced its quarterly earnings data on Thursday, August 9th. The technology company reported $0.54 EPS for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.03). The business had revenue of $345.41 million during the quarter, compared to analysts’ expectations of $342.49 million. Nice had a net margin of 11.73% and a return on equity of 9.15%.

A number of equities research analysts have recently commented on NICE shares. BidaskClub raised Nice from a “hold” rating to a “buy” rating in a research report on Friday, July 27th. Jefferies Financial Group lifted their price objective on Nice to $132.00 and gave the company a “buy” rating in a research report on Thursday, September 20th. They noted that the move was a valuation call. Zacks Investment Research downgraded Nice from a “buy” rating to a “hold” rating in a research report on Thursday. Barclays reaffirmed a “hold” rating and issued a $114.00 price objective on shares of Nice in a research report on Friday, August 10th. Finally, JPMorgan Chase & Co. lifted their price objective on Nice from $104.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, August 10th. Seven equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Nice currently has a consensus rating of “Hold” and an average price target of $110.00.

Large investors have recently made changes to their positions in the company. Vigilant Capital Management LLC purchased a new stake in Nice during the second quarter valued at about $125,000. Ostrum Asset Management purchased a new stake in Nice during the first quarter valued at about $166,000. Valmark Advisers Inc. purchased a new stake in Nice during the second quarter valued at about $208,000. Janney Montgomery Scott LLC purchased a new stake in Nice during the second quarter valued at about $239,000. Finally, Tower Research Capital LLC TRC grew its position in Nice by 1,211.7% during the second quarter. Tower Research Capital LLC TRC now owns 2,348 shares of the technology company’s stock valued at $244,000 after acquiring an additional 2,169 shares during the period. 45.41% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:NICE traded up $2.34 during midday trading on Friday, reaching $107.39. The company’s stock had a trading volume of 248,539 shares, compared to its average volume of 191,965. The company has a market cap of $6.97 billion, a P/E ratio of 46.49, a P/E/G ratio of 4.40 and a beta of 0.74. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.24. Nice has a 1 year low of $80.25 and a 1 year high of $119.83.

Nice Company Profile

NICE Ltd. provides enterprise software solutions worldwide. It 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 delivered in the cloud, as well as on premise.

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Earnings History and Estimates for Nice (NASDAQ:NICE)

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