$430.13 Million in Sales Expected for Nice Ltd (NASDAQ:NICE) This Quarter

Equities analysts forecast that Nice Ltd (NASDAQ:NICE) will announce sales of $430.13 million for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Nice’s earnings. The highest sales estimate is $435.53 million and the lowest is $427.00 million. Nice reported sales of $419.89 million during the same quarter last year, which suggests a positive year over year growth rate of 2.4%. The company is expected to announce its next earnings results on Thursday, February 13th.

According to Zacks, analysts expect that Nice will report full year sales of $1.58 billion for the current fiscal year, with estimates ranging from $1.57 billion to $1.58 billion. For the next fiscal year, analysts forecast that the business will report sales of $1.70 billion, with estimates ranging from $1.69 billion to $1.71 billion. Zacks’ sales calculations are an average based on a survey of research analysts that cover Nice.

Nice (NASDAQ:NICE) last posted its quarterly earnings results on Thursday, November 14th. The technology company reported $1.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.10 by ($0.04). Nice had a return on equity of 13.14% and a net margin of 11.99%. The firm had revenue of $387.13 million for the quarter, compared to the consensus estimate of $385.04 million.

Several equities analysts have commented on NICE shares. ValuEngine downgraded shares of Nice from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Rosenblatt Securities reiterated a “buy” rating and issued a $187.00 price objective on shares of Nice in a report on Friday, November 15th. Zacks Investment Research downgraded shares of Nice from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Oppenheimer upped their price objective on shares of Nice from $166.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Finally, Wedbush upped their price objective on shares of Nice from $165.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, November 15th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $160.33.

Hedge funds have recently added to or reduced their stakes in the stock. Nkcfo LLC acquired a new position in shares of Nice in the second quarter valued at about $31,000. Pacer Advisors Inc. acquired a new position in shares of Nice in the second quarter valued at about $32,000. Advisors Preferred LLC acquired a new position in shares of Nice in the second quarter valued at about $53,000. Pinnacle Bank grew its stake in shares of Nice by 41.9% in the third quarter. Pinnacle Bank now owns 447 shares of the technology company’s stock valued at $64,000 after acquiring an additional 132 shares in the last quarter. Finally, River & Mercantile Asset Management LLP acquired a new position in shares of Nice in the second quarter valued at about $69,000. Institutional investors and hedge funds own 49.46% of the company’s stock.

NASDAQ:NICE opened at $155.27 on Wednesday. Nice has a one year low of $102.56 and a one year high of $161.01. The company has a market cap of $9.59 billion, a P/E ratio of 40.33, a P/E/G ratio of 3.52 and a beta of 0.71. The firm’s fifty day moving average price is $153.29 and its two-hundred day moving average price is $148.33. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.21 and a quick ratio of 1.21.

Nice Company Profile

NICE Ltd. provides enterprise software solutions worldwide. The company 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 optimize business performance and ensure compliance.

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Earnings History and Estimates for Nice (NASDAQ:NICE)

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