Analysts predict that Nice Ltd (NASDAQ:NICE) will announce sales of $385.58 million for the current quarter, according to Zacks. Five analysts have made estimates for Nice’s earnings, with the highest sales estimate coming in at $387.78 million and the lowest estimate coming in at $383.40 million. Nice reported sales of $356.45 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.2%. The firm is scheduled to report its next quarterly earnings report on Thursday, November 14th.

According to Zacks, analysts expect that Nice will report full year sales of $1.58 billion for the current year, with estimates ranging from $1.57 billion to $1.58 billion. For the next year, analysts forecast that the business will report sales of $1.70 billion, with estimates ranging from $1.69 billion to $1.72 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Nice.

Nice (NASDAQ:NICE) last announced its quarterly earnings data on Thursday, August 8th. The technology company reported $1.02 earnings per share for the quarter, hitting the consensus estimate of $1.02. Nice had a return on equity of 12.09% and a net margin of 11.85%. The business had revenue of $381.40 million during the quarter, compared to the consensus estimate of $378.80 million. During the same period in the prior year, the company earned $1.06 EPS. Nice’s revenue for the quarter was up 11.0% on a year-over-year basis.

Several analysts recently weighed in on the company. BidaskClub downgraded Nice from a “buy” rating to a “hold” rating in a research report on Friday, September 13th. JPMorgan Chase & Co. upped their price objective on Nice from $150.00 to $166.00 and gave the stock an “overweight” rating in a research report on Monday, July 29th. Morgan Stanley set a $140.00 price objective on Nice and gave the stock a “hold” rating in a research report on Friday, August 9th. Rosenblatt Securities started coverage on Nice in a research report on Wednesday, September 4th. They set a “buy” rating and a $187.00 price objective for the company. Finally, Zacks Investment Research cut Nice from a “buy” rating to a “hold” rating in a report on Tuesday. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Nice currently has an average rating of “Buy” and an average target price of $153.92.

Shares of NICE stock traded up $1.41 on Wednesday, hitting $150.55. 49,939 shares of the company’s stock were exchanged, compared to its average volume of 196,301. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.28 and a quick ratio of 1.28. Nice has a 12 month low of $100.54 and a 12 month high of $155.76. The stock has a market cap of $9.30 billion, a P/E ratio of 39.10, a price-to-earnings-growth ratio of 2.96 and a beta of 0.76. The company has a 50 day moving average of $151.79 and a 200 day moving average of $138.16.

Institutional investors and hedge funds have recently modified their holdings of the business. Nkcfo LLC acquired a new position in Nice in the 2nd quarter worth about $31,000. Pacer Advisors Inc. acquired a new position in Nice in the 2nd quarter worth about $32,000. Sonora Investment Management LLC acquired a new position in Nice in the 2nd quarter worth about $34,000. Pinnacle Bank increased its holdings in Nice by 44.5% in the 2nd quarter. Pinnacle Bank now owns 315 shares of the technology company’s stock worth $43,000 after purchasing an additional 97 shares in the last quarter. Finally, Advisors Preferred LLC acquired a new position in Nice in the 2nd quarter worth about $53,000. 48.02% of the stock is owned by institutional investors and hedge funds.

About Nice

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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