Nice (NICE) Releases FY18 Earnings Guidance

Nice (NASDAQ:NICE) updated its FY18 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $4.53-4.69 for the period. The company issued revenue guidance of $1.45-1.47 billion, compared to the consensus revenue estimate of $1.45 billion.Nice also updated its FY 2018 guidance to $4.53-4.69 EPS.

A number of brokerages recently issued reports on NICE. Royal Bank of Canada increased their price objective on Nice to $120.00 and gave the stock a market perform rating in a report on Friday. Wedbush began coverage on Nice in a report on Thursday, October 18th. They issued an outperform rating and a $130.00 price objective for the company. Zacks Investment Research lowered Nice from a buy rating to a hold rating in a report on Thursday, October 11th. Jefferies Financial Group increased their price objective on Nice to $132.00 and gave the stock a buy rating in a report on Thursday, September 20th. They noted that the move was a valuation call. Finally, BidaskClub lowered Nice from a buy rating to a hold rating in a research note on Thursday, September 20th. Eight analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $112.73.

NASDAQ NICE traded down $0.14 on Friday, reaching $113.01. 165,153 shares of the stock traded hands, compared to its average volume of 187,120. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.48 and a current ratio of 1.48. The firm has a market cap of $6.46 billion, a P/E ratio of 48.92, a PEG ratio of 4.08 and a beta of 0.87. Nice has a 12 month low of $82.63 and a 12 month high of $119.83.

Nice (NASDAQ:NICE) last issued its quarterly earnings results on Thursday, November 8th. The technology company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.04). The firm had revenue of $356.45 million for the quarter, compared to the consensus estimate of $350.67 million. Nice had a net margin of 11.73% and a return on equity of 9.15%. On average, research analysts predict that Nice will post 2.56 earnings per share for the current fiscal year.

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About Nice

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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