Nice Systems Ltd. (NICE) Updates FY17 Earnings Guidance
Nice Systems Ltd. (NASDAQ:NICE) issued an update on its FY17 earnings guidance on Thursday morning. The company provided earnings per share guidance of $3.80-4.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.91. The company issued revenue guidance of $1.33-1.354 million, compared to the consensus revenue estimate of $1.35 billion.Nice Systems also updated its Q1 guidance to $0.81-0.87 EPS.
Nice Systems Ltd. (NASDAQ:NICE) opened at 70.31 on Friday. Nice Systems Ltd. has a 12 month low of $58.88 and a 12 month high of $70.84. The stock has a market cap of $4.21 billion, a price-to-earnings ratio of 28.89 and a beta of 0.85. The stock’s 50 day moving average price is $69.08 and its 200-day moving average price is $67.50.
Nice Systems (NASDAQ:NICE) last announced its quarterly earnings data on Thursday, February 16th. The company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.01. The firm had revenue of $323.90 million for the quarter, compared to analyst estimates of $327.85 million. Nice Systems had a net margin of 15.35% and a return on equity of 13.28%. The business’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.09 earnings per share. Equities analysts expect that Nice Systems Ltd. will post $3.60 EPS for the current year.
The business also recently disclosed a dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Monday, February 27th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, February 23rd. Nice Systems’s dividend payout ratio (DPR) is presently 21.31%.
A number of equities research analysts have recently weighed in on the stock. Imperial Capital lowered shares of Nice Systems from an outperform rating to an in-line rating and boosted their price objective for the company from $74.00 to $76.00 in a report on Friday, January 13th. Chardan Capital boosted their price objective on shares of Nice Systems from $72.00 to $76.00 and gave the company a buy rating in a report on Wednesday, January 11th. Zacks Investment Research lowered shares of Nice Systems from a strong-buy rating to a hold rating in a report on Wednesday, January 11th. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Nice Systems in a report on Friday, February 10th. They set a neutral rating and a $76.00 price objective on the stock. Finally, Oppenheimer Holdings, Inc. reissued an outperform rating and set a $75.00 price objective on shares of Nice Systems in a report on Wednesday, December 21st. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $75.71.
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About Nice Systems
NICE Ltd., formerly NICE-Systems Ltd., is a global enterprise software provider. The Company’s segments include Customer Interactions Solutions, and Financial Crime and Compliance Solutions. The Customer Interactions Solutions segment provides data driven insights that enable businesses to deliver personalized experience to customers.
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