Brokerages Anticipate Financial Engines, Inc. (FNGN) Will Announce Earnings of $0.37 Per Share
Equities analysts predict that Financial Engines, Inc. (NASDAQ:FNGN) will report earnings of $0.37 per share for the current quarter, according to Zacks. Five analysts have issued estimates for Financial Engines’ earnings, with the highest EPS estimate coming in at $0.37 and the lowest estimate coming in at $0.36. Financial Engines reported earnings per share of $0.29 during the same quarter last year, which would suggest a positive year-over-year growth rate of 27.6%. The company is scheduled to report its next earnings results on Thursday, February 22nd.
According to Zacks, analysts expect that Financial Engines will report full year earnings of $1.37 per share for the current financial year, with EPS estimates ranging from $1.36 to $1.38. For the next year, analysts expect that the company will post earnings of $1.44 per share, with EPS estimates ranging from $1.39 to $1.53. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Financial Engines.
Financial Engines (NASDAQ:FNGN) last posted its quarterly earnings results on Thursday, November 2nd. The asset manager reported $0.36 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.36. The business had revenue of $122.20 million during the quarter, compared to analyst estimates of $124.11 million. Financial Engines had a net margin of 10.56% and a return on equity of 7.60%. The company’s revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.31 earnings per share.
A number of research firms have weighed in on FNGN. Zacks Investment Research lowered shares of Financial Engines from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. Barclays began coverage on shares of Financial Engines in a research report on Friday, September 8th. They issued an “overweight” rating and a $38.00 price target for the company. ValuEngine lowered shares of Financial Engines from a “hold” rating to a “sell” rating in a research report on Saturday, November 25th. Raymond James Financial reiterated an “underperform” rating on shares of Financial Engines in a research report on Friday, November 3rd. Finally, William Blair lowered shares of Financial Engines from an “outperform” rating to a “market perform” rating in a research report on Friday, November 3rd. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $38.50.
In other news, insider Jeffrey C. Grace sold 2,000 shares of the business’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $37.00, for a total value of $74,000.00. Following the transaction, the insider now owns 5,234 shares of the company’s stock, valued at $193,658. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey C. Grace sold 8,689 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $35.00, for a total transaction of $304,115.00. Following the sale, the insider now directly owns 11,923 shares in the company, valued at approximately $417,305. The disclosure for this sale can be found here. Insiders sold 40,634 shares of company stock worth $1,464,833 in the last three months. Insiders own 9.27% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in FNGN. Bank of Montreal Can raised its stake in Financial Engines by 0.5% during the second quarter. Bank of Montreal Can now owns 9,379 shares of the asset manager’s stock valued at $343,000 after purchasing an additional 47 shares in the last quarter. Aperio Group LLC raised its stake in shares of Financial Engines by 81.5% in the second quarter. Aperio Group LLC now owns 22,536 shares of the asset manager’s stock valued at $825,000 after acquiring an additional 10,118 shares during the period. Municipal Employees Retirement System of Michigan raised its stake in shares of Financial Engines by 12.7% in the second quarter. Municipal Employees Retirement System of Michigan now owns 13,670 shares of the asset manager’s stock valued at $500,000 after acquiring an additional 1,540 shares during the period. Great West Life Assurance Co. Can raised its stake in shares of Financial Engines by 4.4% in the second quarter. Great West Life Assurance Co. Can now owns 85,049 shares of the asset manager’s stock valued at $3,108,000 after acquiring an additional 3,589 shares during the period. Finally, Texas Permanent School Fund raised its stake in shares of Financial Engines by 1.9% in the second quarter. Texas Permanent School Fund now owns 42,229 shares of the asset manager’s stock valued at $1,546,000 after acquiring an additional 782 shares during the period.
Financial Engines (NASDAQ FNGN) opened at $29.40 on Monday. The firm has a market cap of $1,861.53, a P/E ratio of 30.95, a price-to-earnings-growth ratio of 1.90 and a beta of 2.15. Financial Engines has a 12-month low of $24.45 and a 12-month high of $45.75.
Financial Engines declared that its board has approved a stock repurchase program on Thursday, November 2nd that authorizes the company to repurchase $60.00 million in outstanding shares. This repurchase authorization authorizes the asset manager to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Thursday, December 14th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Wednesday, December 13th. Financial Engines’s dividend payout ratio (DPR) is presently 36.36%.
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Financial Engines Company Profile
Financial Engines, Inc is a provider of independent, technology-enabled financial advisory services, discretionary portfolio management, personalized investment advice, financial and retirement income planning, and financial education and guidance. The Company offers personalized plans for saving, investing, and generating retirement income, as well as by providing assessments of retirement income needs and readiness.
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