Wall Street brokerages forecast that Nice Ltd (NASDAQ:NICE) will announce $374.66 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Nice’s earnings, with the lowest sales estimate coming in at $373.30 million and the highest estimate coming in at $375.85 million. Nice posted sales of $340.93 million during the same quarter last year, which indicates a positive year-over-year growth rate of 9.9%. The company is scheduled to issue its next quarterly earnings report on Thursday, May 9th.
On average, analysts expect that Nice will report full year sales of $1.57 billion for the current year. For the next year, analysts forecast that the business will post sales of $1.70 billion, with estimates ranging from $1.68 billion to $1.75 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Nice.
Nice (NASDAQ:NICE) last released its quarterly earnings results on Thursday, February 14th. The technology company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.04. Nice had a net margin of 11.03% and a return on equity of 9.15%. The company had revenue of $420.00 million for the quarter, compared to the consensus estimate of $417.05 million. During the same period in the previous year, the firm earned $1.35 EPS. Nice’s revenue was up 7.1% on a year-over-year basis.
Several hedge funds have recently added to or reduced their stakes in NICE. FMR LLC raised its holdings in shares of Nice by 63.8% during the fourth quarter. FMR LLC now owns 643,304 shares of the technology company’s stock valued at $69,612,000 after acquiring an additional 250,650 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Nice by 45.2% during the fourth quarter. Principal Financial Group Inc. now owns 802,621 shares of the technology company’s stock valued at $86,852,000 after acquiring an additional 249,722 shares during the period. Greystone Managed Investments Inc. raised its holdings in shares of Nice by 39.3% during the fourth quarter. Greystone Managed Investments Inc. now owns 323,731 shares of the technology company’s stock valued at $35,031,000 after acquiring an additional 91,410 shares during the period. Gluskin Sheff & Assoc Inc. acquired a new stake in shares of Nice during the fourth quarter valued at approximately $5,485,000. Finally, Jefferies Group LLC raised its holdings in shares of Nice by 594.0% during the third quarter. Jefferies Group LLC now owns 51,997 shares of the technology company’s stock valued at $5,952,000 after acquiring an additional 44,505 shares during the period. Institutional investors and hedge funds own 45.18% of the company’s stock.
Shares of NICE stock traded up $0.52 during midday trading on Thursday, reaching $125.47. 51,100 shares of the company were exchanged, compared to its average volume of 158,700. Nice has a 12 month low of $93.05 and a 12 month high of $125.89. The company has a market capitalization of $7.52 billion, a price-to-earnings ratio of 32.59, a price-to-earnings-growth ratio of 2.79 and a beta of 0.82. The company has a current ratio of 1.38, a quick ratio of 1.34 and a debt-to-equity ratio of 0.23.
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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