NICE (NASDAQ:NICE) Updates FY 2022 Earnings Guidance

NICE (NASDAQ:NICE – Get Rating) updated its FY 2022 earnings guidance on Thursday. The company provided earnings per share guidance of $7.25-$7.45 for the period, compared to the consensus earnings per share 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.

Several brokerages have weighed in on NICE. TheStreet downgraded NICE from a b rating to a c+ rating in a research report on Monday, March 7th. Royal Bank of Canada decreased their price target on shares of NICE from $365.00 to $240.00 in a research note on Friday, May 13th. Zacks Investment Research raised shares of NICE from a sell rating to a hold rating in a research note on Wednesday, April 20th. Jefferies Financial Group decreased their price target on shares of NICE from $260.00 to $225.00 in a research note on Thursday, May 12th. Finally, Citigroup reduced their price objective on NICE from $314.00 to $306.00 in a research report on Friday, February 18th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of Buy and a consensus price target of $277.29.

NASDAQ NICE opened at $202.65 on Friday. The stock has a market cap of $12.86 billion, a PE ratio of 67.55, a P/E/G ratio of 2.54 and a beta of 0.85. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.16. NICE has a twelve month low of $179.13 and a twelve month high of $319.88. The stock has a fifty day simple moving average of $207.49 and a 200-day simple moving average of $246.19.

NICE (NASDAQ:NICE – Get Rating) last released its quarterly earnings results on Thursday, May 12th. The technology company reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). The business had revenue of $527.43 million for the quarter, compared to analysts’ expectations of $510.64 million. NICE had a return on equity of 11.43% and a net margin of 10.10%. Research analysts predict that NICE will post 5.44 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers lifted its stake in NICE by 7.7% during the 4th quarter. Cetera Investment Advisers now owns 801 shares of the technology company’s stock worth $243,000 after acquiring an additional 57 shares in the last quarter. Loomis Sayles & Co. L P lifted its stake in 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 acquiring an additional 60 shares in the last quarter. NEXT Financial Group Inc lifted its stake in NICE by 110.8% during the 4th quarter. NEXT Financial Group Inc now owns 215 shares of the technology company’s stock worth $65,000 after acquiring an additional 113 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in NICE by 2.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,717 shares of the technology company’s stock worth $1,032,000 after acquiring an additional 128 shares in the last quarter. Finally, Cibc World Market Inc. lifted its stake in NICE by 6.7% during the 1st quarter. Cibc World Market Inc. now owns 2,179 shares of the technology company’s stock worth $477,000 after acquiring an additional 136 shares in the last quarter. Institutional investors and hedge funds 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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