Nice (NASDAQ:NICE) posted its quarterly earnings results on Thursday. The technology company reported $0.62 EPS for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.04), Morningstar.com reports. Nice had a net margin of 11.73% and a return on equity of 9.15%. The firm had revenue of $356.45 million for the quarter, compared to analysts’ expectations of $350.67 million. Nice updated its FY 2018 guidance to $4.53-4.69 EPS and its FY18 guidance to $4.53-4.69 EPS.
NICE stock traded up $0.37 on Friday, hitting $113.52. The company had a trading volume of 209,251 shares, compared to its average volume of 192,910. Nice has a 12-month low of $82.72 and a 12-month high of $119.83. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $6.46 billion, a P/E ratio of 49.14, a P/E/G ratio of 4.08 and a beta of 0.87.
A number of equities research analysts have recently commented on the stock. BidaskClub upgraded shares of Nice from a “hold” rating to a “buy” rating in a report on Friday, July 27th. Jefferies Financial Group increased their price target on shares of Nice to $132.00 and gave the company a “buy” rating in a report on Thursday, September 20th. They noted that the move was a valuation call. Royal Bank of Canada increased their price target on shares of Nice to $120.00 and gave the company a “market perform” rating in a report on Friday. Zacks Investment Research upgraded shares of Nice from a “sell” rating to a “hold” rating and set a $124.00 price target on the stock in a report on Wednesday, August 15th. Finally, JPMorgan Chase & Co. raised their target price on shares of Nice from $104.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, August 10th. Eight research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Nice presently has a consensus rating of “Hold” and an average target price of $112.73.
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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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