Analysts Expect Fair Isaac Co. (NYSE:FICO) Will Announce Quarterly Sales of $322.84 Million


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Equities analysts forecast that Fair Isaac Co. (NYSE:FICO) will post sales of $322.84 million for the current quarter, according to Zacks. Four analysts have provided estimates for Fair Isaac’s earnings, with the lowest sales estimate coming in at $307.11 million and the highest estimate coming in at $335.50 million. Fair Isaac reported sales of $307.97 million in the same quarter last year, which would suggest a positive year over year growth rate of 4.8%. The company is expected to issue its next quarterly earnings report on Wednesday, May 5th.

According to Zacks, analysts expect that Fair Isaac will report full year sales of $1.33 billion for the current fiscal year, with estimates ranging from $1.30 billion to $1.35 billion. For the next year, analysts forecast that the firm will report sales of $1.44 billion, with estimates ranging from $1.39 billion to $1.49 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Fair Isaac.

Fair Isaac (NYSE:FICO) last announced its earnings results on Wednesday, January 27th. The technology company reported $2.74 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $1.16. Fair Isaac had a net margin of 18.26% and a return on equity of 98.78%. The business had revenue of $312.41 million during the quarter, compared to analysts’ expectations of $319.65 million. During the same period in the prior year, the company earned $1.80 earnings per share. The business’s revenue was up 4.7% compared to the same quarter last year.

Several research analysts have weighed in on FICO shares. Deutsche Bank Aktiengesellschaft assumed coverage on Fair Isaac in a report on Wednesday, January 20th. They issued a “buy” rating and a $560.00 price target for the company. Barclays raised their target price on Fair Isaac from $475.00 to $565.00 and gave the company an “overweight” rating in a report on Tuesday, December 8th. Needham & Company LLC upped their target price on Fair Isaac from $550.00 to $565.00 and gave the company a “buy” rating in a research report on Friday, January 29th. Zacks Investment Research cut Fair Isaac from a “buy” rating to a “hold” rating in a research note on Wednesday, January 13th. Finally, Jefferies Financial Group raised their target price on shares of Fair Isaac from $475.00 to $490.00 and gave the stock a “hold” rating in a report on Monday, January 11th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $511.25.

FICO stock traded down $1.65 during trading on Thursday, reaching $457.69. 8,197 shares of the company were exchanged, compared to its average volume of 248,780. The company has a debt-to-equity ratio of 2.23, a quick ratio of 1.29 and a current ratio of 1.29. The company has a market cap of $13.38 billion, a P/E ratio of 58.22 and a beta of 1.18. Fair Isaac has a 52-week low of $177.65 and a 52-week high of $530.95. The stock’s 50 day moving average price is $481.97 and its 200 day moving average price is $459.93.

In related news, Director Joanna Rees sold 250 shares of the company’s stock in a transaction dated Monday, February 1st. The shares were sold at an average price of $450.31, for a total transaction of $112,577.50. Following the transaction, the director now owns 4,630 shares in the company, valued at approximately $2,084,935.30. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Michael S. Leonard sold 310 shares of the company’s stock in a transaction on Tuesday, December 15th. The shares were sold at an average price of $519.84, for a total value of $161,150.40. Following the transaction, the chief accounting officer now directly owns 7,709 shares in the company, valued at approximately $4,007,446.56. The disclosure for this sale can be found here. Insiders sold 1,079 shares of company stock valued at $537,079 over the last 90 days. 3.81% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the stock. FMR LLC lifted its stake in Fair Isaac by 3,261.9% in the first quarter. FMR LLC now owns 26,525 shares of the technology company’s stock valued at $7,205,000 after buying an additional 25,736 shares in the last quarter. Raymond James Trust N.A. lifted its stake in Fair Isaac by 20.7% in the 3rd quarter. Raymond James Trust N.A. now owns 600 shares of the technology company’s stock valued at $256,000 after purchasing an additional 103 shares during the last quarter. IFM Investors Pty Ltd lifted its stake in Fair Isaac by 11.0% in the 3rd quarter. IFM Investors Pty Ltd now owns 2,353 shares of the technology company’s stock valued at $1,001,000 after purchasing an additional 233 shares during the last quarter. IBM Retirement Fund grew its holdings in Fair Isaac by 39.0% during the third quarter. IBM Retirement Fund now owns 909 shares of the technology company’s stock worth $387,000 after purchasing an additional 255 shares during the period. Finally, Vestmark Advisory Solutions Inc. increased its position in Fair Isaac by 7.5% during the third quarter. Vestmark Advisory Solutions Inc. now owns 2,942 shares of the technology company’s stock worth $1,251,000 after buying an additional 206 shares during the last quarter. 84.94% of the stock is owned by institutional investors and hedge funds.

Fair Isaac Company Profile

Fair Isaac Corporation develops analytic, software, and data management products and services that enable businesses to automate, enhance, and connect decisions in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company offers analytical solutions, credit scoring, and credit account management products and services to banks, credit reporting agencies, credit card processing agencies, insurers, retailers, healthcare organizations, and public agencies.

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