NIC (NASDAQ:EGOV) issued an update on its FY 2019 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.71-0.73 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.70. The company issued revenue guidance of $347.5-352.5 million, compared to the consensus revenue estimate of $342.21 million.
EGOV traded down $0.20 on Wednesday, reaching $18.14. The company’s stock had a trading volume of 617,800 shares, compared to its average volume of 386,714. The business has a 50 day simple moving average of $16.61. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $1.23 billion, a P/E ratio of 20.61, a price-to-earnings-growth ratio of 2.53 and a beta of 0.96. NIC has a fifty-two week low of $11.76 and a fifty-two week high of $18.73.
NIC (NASDAQ:EGOV) last posted its quarterly earnings data on Monday, May 6th. The software maker reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.02. The business had revenue of $85.20 million during the quarter, compared to the consensus estimate of $82.07 million. NIC had a return on equity of 26.73% and a net margin of 15.80%. The company’s revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.23 earnings per share. On average, research analysts forecast that NIC will post 0.73 EPS for the current year.
In related news, CFO Stephen M. Kovzan sold 35,000 shares of the 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 directly owns 230,691 shares of the company’s stock, valued at $3,700,283.64. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.60% of the stock is owned by company insiders.
NIC Company Profile
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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