Analysts expect that Financial Engines, Inc. (NASDAQ:FNGN) will post $119.45 million in sales for the current quarter, according to Zacks. Four analysts have provided estimates for Financial Engines’ earnings, with the highest sales estimate coming in at $120.70 million and the lowest estimate coming in at $118.00 million. Financial Engines posted sales of $106.23 million during the same quarter last year, which would indicate a positive year over year growth rate of 12.4%. The business is scheduled to report its next quarterly earnings report on Tuesday, August 1st.
According to Zacks, analysts expect that Financial Engines will report full year sales of $119.45 million for the current year, with estimates ranging from $481.00 million to $489.00 million. For the next financial year, analysts forecast that the business will report sales of $544.93 million per share, with estimates ranging from $521.00 million to $569.20 million. Zacks’ sales calculations are an average based on a survey of research firms that cover Financial Engines.
Financial Engines (NASDAQ:FNGN) last released its quarterly earnings results on Thursday, May 4th. The asset manager reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.02. The firm had revenue of $114.10 million during the quarter, compared to the consensus estimate of $115.78 million. Financial Engines had a net margin of 8.39% and a return on equity of 7.24%. The company’s revenue for the quarter was up 23.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.24 earnings per share.
A number of brokerages have recently weighed in on FNGN. Jefferies Group LLC set a $47.00 price objective on shares of Financial Engines and gave the stock a “buy” rating in a report on Saturday, February 25th. Zacks Investment Research upgraded shares of Financial Engines from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a report on Wednesday, May 10th. TheStreet upgraded shares of Financial Engines from a “c+” rating to a “b-” rating in a report on Thursday, April 27th. Finally, William Blair restated an “outperform” rating on shares of Financial Engines in a report on Friday, February 24th.
Financial Engines (FNGN) traded down 0.52% during trading on Friday, hitting $38.35. 438,773 shares of the stock traded hands. The stock has a market cap of $2.41 billion, a PE ratio of 65.22 and a beta of 2.17. The company has a 50-day moving average price of $39.79 and a 200-day moving average price of $39.55. Financial Engines has a 12 month low of $23.56 and a 12 month high of $45.75.
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 6th. Investors of record on Wednesday, June 14th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, June 12th. This represents a $0.28 dividend on an annualized basis and a yield of 0.73%. Financial Engines’s dividend payout ratio is currently 48.28%.
In related news, CEO Lawrence M. Raffone sold 10,000 shares of the company’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $43.31, for a total transaction of $433,100.00. Following the completion of the sale, the chief executive officer now directly owns 57,118 shares in the company, valued at approximately $2,473,780.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Raymond J. Sims sold 24,649 shares of the company’s stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $42.53, for a total transaction of $1,048,321.97. Following the sale, the chief financial officer now owns 26,358 shares of the company’s stock, valued at $1,121,005.74. The disclosure for this sale can be found here. Insiders have sold a total of 141,261 shares of company stock valued at $5,799,275 over the last quarter. 15.97% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of FNGN. Bank of Montreal Can raised its stake in Financial Engines by 9.3% in the first quarter. Bank of Montreal Can now owns 9,332 shares of the asset manager’s stock worth $406,000 after buying an additional 797 shares in the last quarter. Teachers Advisors LLC raised its stake in Financial Engines by 1.7% in the fourth quarter. Teachers Advisors LLC now owns 87,945 shares of the asset manager’s stock worth $3,232,000 after buying an additional 1,497 shares in the last quarter. Norges Bank purchased a new stake in Financial Engines during the fourth quarter worth approximately $14,487,000. Thrivent Financial for Lutherans raised its stake in Financial Engines by 5.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 28,690 shares of the asset manager’s stock worth $1,054,000 after buying an additional 1,410 shares in the last quarter. Finally, Castleark Management LLC purchased a new stake in Financial Engines during the fourth quarter worth approximately $8,074,000.
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Financial Engines Company Profile
Financial Engines, Inc is a provider of independent, technology-enabled financial advisory services, discretionary portfolio management, personalized investment advice, financial and retirement income planning, and financial education and guidance. The Company offers personalized plans for saving, investing, and generating retirement income, as well as by providing assessments of retirement income needs and readiness.
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