$320.53 Million in Sales Expected for Nice Systems Ltd. (NICE) This Quarter
Equities research analysts expect that Nice Systems Ltd. (NASDAQ:NICE) will announce sales of $320.53 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Nice Systems’ earnings, with estimates ranging from $320.00 million to $321.47 million. Nice Systems reported sales of $237.19 million during the same quarter last year, which suggests a positive year-over-year growth rate of 35.1%. The company is expected to issue its next earnings results on Thursday, November 9th.
According to Zacks, analysts expect that Nice Systems will report full-year sales of $320.53 million for the current fiscal year, with estimates ranging from $1.34 billion to $1.35 billion. For the next year, analysts forecast that the firm will report sales of $1.45 billion per share, with estimates ranging from $1.44 billion to $1.47 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Nice Systems.
Nice Systems (NASDAQ:NICE) last released its earnings results on Thursday, August 3rd. The technology company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. Nice Systems had a net margin of 7.99% and a return on equity of 11.14%. The firm had revenue of $315.30 million during the quarter, compared to the consensus estimate of $313.44 million. During the same period in the previous year, the firm earned $0.79 earnings per share. Nice Systems’s revenue was up 33.9% compared to the same quarter last year.
Several equities analysts have commented on NICE shares. Zacks Investment Research upgraded Nice Systems from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 19th. BidaskClub downgraded Nice Systems from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Oppenheimer Holdings, Inc. increased their price target on Nice Systems from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Barclays PLC reiterated a “hold” rating on shares of Nice Systems in a report on Monday. Finally, Citigroup Inc. started coverage on Nice Systems in a report on Wednesday, June 7th. They set a “neutral” rating and a $82.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $79.71.
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Large investors have recently made changes to their positions in the company. OppenheimerFunds Inc. increased its stake in shares of Nice Systems by 30.0% in the first quarter. OppenheimerFunds Inc. now owns 2,294,826 shares of the technology company’s stock valued at $156,002,000 after buying an additional 529,620 shares during the last quarter. Janus Capital Management LLC increased its stake in shares of Nice Systems by 6.5% in the first quarter. Janus Capital Management LLC now owns 4,482,834 shares of the technology company’s stock valued at $304,743,000 after buying an additional 273,959 shares during the last quarter. Westfield Capital Management Co. LP increased its stake in shares of Nice Systems by 62.6% in the first quarter. Westfield Capital Management Co. LP now owns 601,536 shares of the technology company’s stock valued at $40,892,000 after buying an additional 231,513 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Nice Systems during the first quarter valued at about $11,254,000. Finally, Renaissance Technologies LLC increased its stake in shares of Nice Systems by 327.6% in the first quarter. Renaissance Technologies LLC now owns 175,944 shares of the technology company’s stock valued at $11,961,000 after buying an additional 134,800 shares during the last quarter. Institutional investors and hedge funds own 43.70% of the company’s stock.
Shares of Nice Systems (NASDAQ NICE) opened at 75.63 on Thursday. Nice Systems has a 12-month low of $63.72 and a 12-month high of $81.16. The company has a 50-day moving average of $77.49 and a 200-day moving average of $72.63. The stock has a market capitalization of $4.55 billion, a P/E ratio of 46.69 and a beta of 0.87.
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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