$251.08 Million in Sales Expected for Fair Isaac Corporation (FICO) This Quarter
Equities research analysts expect Fair Isaac Corporation (NYSE:FICO) to announce sales of $251.08 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Fair Isaac Corporation’s earnings. The highest sales estimate is $256.10 million and the lowest is $246.06 million. Fair Isaac Corporation posted sales of $235.82 million in the same quarter last year, which suggests a positive year-over-year growth rate of 6.5%. The firm is scheduled to announce its next earnings results on Monday, November 6th.
According to Zacks, analysts expect that Fair Isaac Corporation will report full year sales of $251.08 million for the current fiscal year, with estimates ranging from $925.03 million to $935.00 million. For the next financial year, analysts forecast that the firm will post sales of $992.42 million per share, with estimates ranging from $990.00 million to $994.84 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Fair Isaac Corporation.
Fair Isaac Corporation (NYSE:FICO) last announced its quarterly earnings results on Monday, July 31st. The technology company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by $0.12. Fair Isaac Corporation had a net margin of 13.15% and a return on equity of 27.84%. The company had revenue of $231 million during the quarter, compared to analysts’ expectations of $237.07 million. During the same period last year, the firm earned $1.45 earnings per share. Fair Isaac Corporation’s revenue was down 3.3% on a year-over-year basis.
A number of research firms recently weighed in on FICO. BidaskClub lowered shares of Fair Isaac Corporation from a “hold” rating to a “sell” rating in a report on Tuesday. Zacks Investment Research downgraded shares of Fair Isaac Corporation from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 3rd. Finally, Wells Fargo & Company increased their price objective on shares of Fair Isaac Corporation from $150.00 to $160.00 and gave the company a “positive” rating in a research note on Tuesday, August 1st.
In other Fair Isaac Corporation news, Director Greg R. Gianforte sold 18,486 shares of the stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $134.50, for a total transaction of $2,486,367.00. Following the transaction, the director now directly owns 20,877 shares in the company, valued at approximately $2,807,956.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 5.60% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Tyers Asset Management LLC increased its position in Fair Isaac Corporation by 5.5% in the first quarter. Tyers Asset Management LLC now owns 928 shares of the technology company’s stock worth $120,000 after buying an additional 48 shares during the last quarter. Advisory Services Network LLC acquired a new position in Fair Isaac Corporation during the first quarter worth about $142,000. Elkfork Partners LLC increased its position in Fair Isaac Corporation by 5.5% in the first quarter. Elkfork Partners LLC now owns 1,276 shares of the technology company’s stock worth $165,000 after buying an additional 66 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Fair Isaac Corporation by 15.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,233 shares of the technology company’s stock worth $172,000 after buying an additional 161 shares during the last quarter. Finally, Meadow Creek Investment Management LLC increased its position in Fair Isaac Corporation by 5.5% in the first quarter. Meadow Creek Investment Management LLC now owns 1,624 shares of the technology company’s stock worth $209,000 after buying an additional 84 shares during the last quarter. Institutional investors own 91.41% of the company’s stock.
Shares of Fair Isaac Corporation (NYSE FICO) opened at 139.11 on Thursday. The company has a 50-day moving average of $140.52 and a 200-day moving average of $133.20. The stock has a market capitalization of $4.26 billion, a PE ratio of 37.29 and a beta of 1.20. Fair Isaac Corporation has a 12 month low of $109.77 and a 12 month high of $147.02.
Fair Isaac Corporation Company Profile
Fair Isaac Corporation (FICO) is a provider of analytic, software and data management products and services that enable businesses to automate and connect decisions. The Company operates through three segments: Applications, Scores and Decision Management Software. The Applications segment includes pre-configured decision management applications designed for a specific type of business problem or process, such as marketing, account origination, customer management, fraud, collections and insurance claims management.
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