Nice (NASDAQ:NICE) Issues FY20 Earnings Guidance

Nice (NASDAQ:NICE) issued an update on its FY20 earnings guidance on Thursday morning. The company provided EPS guidance of $5.65-5.85 for the period. The company issued revenue guidance of $1.69-1.71 bn, compared to the consensus revenue estimate of $1.70 billion.Nice also updated its FY 2020
Pre-Market guidance to 5.65-5.85 EPS.

Nice stock traded up $1.96 during trading hours on Friday, hitting $179.09. The company had a trading volume of 284,594 shares, compared to its average volume of 285,123. The firm has a market cap of $10.94 billion, a P/E ratio of 62.40, a P/E/G ratio of 3.59 and a beta of 0.69. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.21 and a current ratio of 1.21. Nice has a 1 year low of $112.60 and a 1 year high of $182.06. The company has a 50-day moving average price of $168.81 and a two-hundred day moving average price of $156.01.

Nice (NASDAQ:NICE) last released its quarterly earnings data on Thursday, November 14th. The technology company reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.04). The company had revenue of $387.13 million during the quarter, compared to analysts’ expectations of $385.04 million. Nice had a net margin of 11.81% and a return on equity of 13.22%. As a group, equities research analysts anticipate that Nice will post 4.93 EPS for the current year.

Several equities research analysts have issued reports on NICE shares. JPMorgan Chase & Co. cut shares of Nice from an overweight rating to a neutral rating and set a $163.00 price objective for the company. in a research report on Monday, January 27th. They noted that the move was a valuation call. DA Davidson reissued a neutral rating and issued a $175.00 price objective on shares of Nice in a research report on Friday. They noted that the move was a valuation call. Citigroup boosted their price objective on shares of Nice from $156.00 to $193.00 and gave the company a neutral rating in a research report on Friday. Royal Bank of Canada boosted their price objective on shares of Nice to and gave the company a market perform rating in a research report on Friday. Finally, Zacks Investment Research cut shares of Nice from a buy rating to a hold rating in a research report on Wednesday, November 20th. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $180.25.

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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