Nice (NASDAQ:NICE) Issues Q3 Earnings Guidance

Nice (NASDAQ:NICE) updated its third quarter 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 research firms have recently commented on NICE. Wedbush reiterated a buy rating and issued a $160.00 price objective on shares of Nice in a report on Thursday, May 16th. Jefferies Financial Group upped their target price on Nice from $166.00 to $179.00 and gave the company a buy rating in a research report on Friday. Morgan Stanley upped their target price on Nice from $117.00 to $128.00 and gave the company an equal weight rating in a research report on Friday, May 17th. Citigroup upped their target price on Nice from $117.00 to $137.00 and gave the company a neutral rating in a research report on Friday, May 17th. Finally, JMP Securities upped their target price on Nice from $164.00 to $185.00 and gave the company a market outperform rating in a research report on Friday. Six equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of Buy and an average target price of $149.42.

Shares of NASDAQ NICE traded up $0.02 during trading hours on Friday, reaching $153.67. The stock had a trading volume of 329,571 shares, compared to its average volume of 263,268. The stock has a market capitalization of $9.49 billion, a price-to-earnings ratio of 39.91, a price-to-earnings-growth ratio of 3.44 and a beta of 0.74. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.31 and a current ratio of 1.31. Nice has a fifty-two week low of $100.54 and a fifty-two week high of $155.76. The business’s 50-day simple moving average is $145.94.

Nice (NASDAQ:NICE) last posted its quarterly earnings data on Thursday, August 8th. The technology company reported $1.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.02. Nice had a return on equity of 12.27% and a net margin of 11.85%. The company had revenue of $381.40 million during the quarter, compared to analysts’ expectations of $378.80 million. During the same period last year, the firm earned $1.06 EPS. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. Equities analysts anticipate that Nice will post 4.39 EPS for the current fiscal year.

About Nice

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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