Wall Street brokerages expect NIC Inc. (NASDAQ:EGOV) to announce earnings per share (EPS) of $0.18 for the current quarter, Zacks reports. Three analysts have made estimates for NIC’s earnings, with estimates ranging from $0.16 to $0.19. NIC posted earnings per share of $0.25 during the same quarter last year, which suggests a negative year over year growth rate of 28%. The company is scheduled to issue its next earnings results on Wednesday, August 7th.
According to Zacks, analysts expect that NIC will report full year earnings of $0.73 per share for the current year, with EPS estimates ranging from $0.67 to $0.80. For the next year, analysts forecast that the firm will post earnings of $0.83 per share, with EPS estimates ranging from $0.80 to $0.88. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover NIC.
NIC (NASDAQ:EGOV) last announced its quarterly earnings results on Monday, May 6th. The software maker reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. NIC had a return on equity of 26.73% and a net margin of 15.80%. The business had revenue of $85.20 million during the quarter, compared to the consensus estimate of $82.07 million. During the same quarter last year, the firm posted $0.23 EPS. The company’s quarterly revenue was down 1.7% on a year-over-year basis.
Shares of EGOV traded up $0.03 during midday trading on Thursday, reaching $15.82. 3,886 shares of the stock were exchanged, compared to its average volume of 298,673. NIC has a twelve month low of $11.76 and a twelve month high of $18.05. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $1.07 billion, a P/E ratio of 17.94, a P/E/G ratio of 2.20 and a beta of 0.99. The firm has a 50 day moving average of $16.28.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 25th. Stockholders of record on Tuesday, June 11th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date is Monday, June 10th. NIC’s dividend payout ratio is currently 36.36%.
In other news, CFO Stephen M. Kovzan sold 35,000 shares of NIC stock in a transaction on Friday, June 7th. The stock was sold at an average price of $16.04, for a total transaction of $561,400.00. Following the completion of the sale, the chief financial officer now owns 230,691 shares of the company’s stock, valued at $3,700,283.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.60% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of EGOV. Norges Bank acquired a new position in NIC in the fourth quarter valued at about $24,319,000. BlackRock Inc. raised its stake in NIC by 4.6% in the fourth quarter. BlackRock Inc. now owns 9,998,406 shares of the software maker’s stock valued at $124,779,000 after purchasing an additional 442,087 shares in the last quarter. FMR LLC raised its stake in NIC by 18.0% in the fourth quarter. FMR LLC now owns 2,852,872 shares of the software maker’s stock valued at $35,604,000 after purchasing an additional 434,209 shares in the last quarter. Weybosset Research & Management LLC acquired a new position in NIC in the first quarter valued at about $6,110,000. Finally, Oregon Public Employees Retirement Fund acquired a new position in NIC in the fourth quarter valued at about $25,000. 87.00% of the stock is owned by institutional investors and hedge funds.
NIC Inc, together with its subsidiaries, provides digital government services that enable governments to use technology to provide various services to businesses and citizens in the United States. The company's outsourced portal business enters into long-term contracts with state and local governments to design, build, and operate Internet-based and enterprise-wide portals on their behalf.
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