NICE (NASDAQ:NICE) Updates FY 2022 Earnings Guidance

NICE (NASDAQ:NICEGet Rating) issued an update on its FY 2022 earnings guidance on Thursday morning. The company provided EPS guidance of $7.25-$7.45 for the period, compared to the consensus EPS estimate of $7.19. The company issued revenue guidance of $2.16 billion-$2.18 billion, compared to the consensus revenue estimate of $2.15 billion.NICE also updated its Q2 2022 guidance to $1.75-$1.85 EPS.

NASDAQ NICE opened at $202.65 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.88 and a quick ratio of 1.88. The firm has a market capitalization of $12.86 billion, a price-to-earnings ratio of 67.55, a P/E/G ratio of 2.69 and a beta of 0.85. The company’s fifty day moving average is $207.49 and its two-hundred day moving average is $245.89. NICE has a 52-week low of $179.13 and a 52-week high of $319.88.

NICE (NASDAQ:NICEGet Rating) last posted its quarterly earnings results on Thursday, May 12th. The technology company reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.07). The company had revenue of $527.43 million during the quarter, compared to analyst estimates of $510.64 million. NICE had a return on equity of 11.43% and a net margin of 10.10%. As a group, sell-side analysts expect that NICE will post 5.41 earnings per share for the current fiscal year.

NICE has been the topic of several research analyst reports. TheStreet lowered shares of NICE from a b rating to a c+ rating in a research report on Monday, March 7th. Morgan Stanley reduced their price objective on shares of NICE from $315.00 to $260.00 and set an equal weight rating for the company in a report on Tuesday, February 22nd. StockNews.com raised shares of NICE from a buy rating to a strong-buy rating in a report on Tuesday, May 24th. Citigroup reduced their price objective on shares of NICE from $314.00 to $306.00 in a report on Friday, February 18th. Finally, Royal Bank of Canada reduced their price objective on shares of NICE from $365.00 to $240.00 in a report on Friday, May 13th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of Buy and an average price target of $277.29.

Institutional investors and hedge funds have recently bought and sold shares of the business. NEXT Financial Group Inc increased its position in NICE by 110.8% in the 4th quarter. NEXT Financial Group Inc now owns 215 shares of the technology company’s stock valued at $65,000 after acquiring an additional 113 shares in the last quarter. Loomis Sayles & Co. L P grew its position in shares of NICE by 25.2% during the 1st quarter. Loomis Sayles & Co. L P now owns 298 shares of the technology company’s stock worth $65,000 after buying an additional 60 shares during the period. Guggenheim Capital LLC acquired a new stake in shares of NICE during the 4th quarter worth approximately $201,000. West Family Investments Inc. grew its position in shares of NICE by 27.3% during the 1st quarter. West Family Investments Inc. now owns 960 shares of the technology company’s stock worth $210,000 after buying an additional 206 shares during the period. Finally, XTX Topco Ltd acquired a new stake in shares of NICE during the 1st quarter worth approximately $242,000. Hedge funds and other institutional investors own 70.48% of the company’s stock.

NICE Company Profile (Get Rating)

NICE Ltd., together with its subsidiaries, provides cloud platforms for AI-driven digital business solutions worldwide. It offers CXone, a cloud native open platform that supports contact centers ranging from small single sites to distributed remote agents and enterprises; Enlighten, an AI engine for CX that discovers automation opportunities for self-service; digital-entry points solutions that enable organizations to address consumers' needs; and journey orchestration solutions that empower organizations to connect and route customers to deal with the customer's request, and connecting them using real time AI-based routing.

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