Nice (NASDAQ:NICE) Issues Q3 2019 Earnings Guidance

Nice (NASDAQ:NICE) updated its third quarter 2019 earnings guidance on Thursday. The company provided EPS guidance of $1.23-1.33 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.29. The company issued revenue guidance of $380-390 million, compared to the consensus revenue estimate of $386.01 million.Nice also updated its FY 2019 guidance to $5.13-5.33 EPS.

A number of brokerages recently weighed in on NICE. BidaskClub upgraded Nice from a buy rating to a strong-buy rating in a research report on Friday, August 2nd. DA Davidson boosted their price objective on Nice to $140.00 and gave the stock a neutral rating in a research report on Friday, May 17th. Jefferies Financial Group boosted their price objective on Nice from $166.00 to $179.00 and gave the stock a buy rating in a research report on Friday. Barclays upped their price target on Nice from $124.00 to $150.00 and gave the company an equal weight rating in a research report on Wednesday, April 24th. Finally, Morgan Stanley upped their price target on Nice from $117.00 to $128.00 and gave the company an equal weight rating in a research report on Friday, May 17th. Six analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Buy and an average target price of $149.42.

NASDAQ NICE opened at $153.67 on Friday. The company has a 50-day moving average of $145.94. Nice has a 12 month low of $100.54 and a 12 month high of $155.76. The company has a market cap of $9.49 billion, a price-to-earnings ratio of 39.91, a PEG ratio of 3.44 and a beta of 0.74. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.31 and a quick ratio of 1.31.

Nice (NASDAQ:NICE) last released its quarterly earnings results on Thursday, August 8th. The technology company reported $1.02 EPS for the quarter, meeting analysts’ consensus estimates of $1.02. Nice had a return on equity of 12.27% and a net margin of 11.85%. The firm had revenue of $381.40 million for the quarter, compared to analyst estimates of $378.80 million. During the same quarter in the previous year, the company posted $1.06 EPS. The business’s revenue was up 11.0% on a year-over-year basis. On average, analysts forecast that Nice will post 4.39 earnings per share for the current year.

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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