Analysts forecast that Nice Ltd (NASDAQ:NICE) will announce $374.66 million in sales for the current quarter, Zacks reports. Five analysts have issued estimates for Nice’s earnings, with estimates ranging from $373.30 million to $375.85 million. Nice posted sales of $340.93 million in the same quarter last year, which suggests a positive year over year growth rate of 9.9%. The business is expected to announce its next earnings report on Thursday, May 9th.

On average, analysts expect that Nice will report full year sales of $1.57 billion for the current financial year. For the next year, analysts forecast that the firm will report sales of $1.70 billion, with estimates ranging from $1.68 billion to $1.75 billion. Zacks’ sales averages are a mean average based on a survey of research firms that cover Nice.

Nice (NASDAQ:NICE) last released its quarterly earnings data on Thursday, February 14th. The technology company reported $1.24 EPS for the quarter, topping the consensus estimate of $1.20 by $0.04. The company had revenue of $420.00 million for the quarter, compared to the consensus estimate of $417.05 million. Nice had a return on equity of 9.15% and a net margin of 11.03%. Nice’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the business posted $1.35 EPS.

Several research analysts have commented on the company. BidaskClub upgraded Nice from a “hold” rating to a “buy” rating in a report on Tuesday, December 18th. Zacks Investment Research upgraded Nice from a “hold” rating to a “strong-buy” rating and set a $127.00 price objective on the stock in a report on Friday, November 23rd. Wedbush raised their price objective on Nice to $145.00 in a report on Friday, February 15th. restated a “buy” rating and set a $125.00 price objective on shares of Nice in a report on Thursday, February 14th. Finally, ValuEngine downgraded Nice from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $122.22.

Several large investors have recently made changes to their positions in the company. Navellier & Associates Inc increased its holdings in shares of Nice by 0.8% in the 4th quarter. Navellier & Associates Inc now owns 13,288 shares of the technology company’s stock valued at $1,438,000 after acquiring an additional 105 shares during the period. Citigroup Inc. grew its stake in Nice by 1.1% during the 4th quarter. Citigroup Inc. now owns 15,143 shares of the technology company’s stock worth $1,639,000 after buying an additional 168 shares during the last quarter. Tlwm grew its stake in Nice by 3.4% during the 4th quarter. Tlwm now owns 6,405 shares of the technology company’s stock worth $680,000 after buying an additional 210 shares during the last quarter. FDx Advisors Inc. grew its stake in Nice by 9.3% during the 4th quarter. FDx Advisors Inc. now owns 2,467 shares of the technology company’s stock worth $267,000 after buying an additional 210 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in Nice by 3.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,692 shares of the technology company’s stock worth $722,000 after buying an additional 213 shares during the last quarter. Institutional investors and hedge funds own 45.19% of the company’s stock.

NICE traded up $1.33 during trading on Tuesday, hitting $118.99. 218,868 shares of the stock were exchanged, compared to its average volume of 163,352. The company has a market capitalization of $7.02 billion, a P/E ratio of 30.91, a PEG ratio of 2.60 and a beta of 0.82. Nice has a 1 year low of $88.74 and a 1 year high of $119.83. The company has a quick ratio of 1.34, a current ratio of 1.38 and a debt-to-equity ratio of 0.23.

About Nice

NICE Ltd. provides enterprise software solutions worldwide. It 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 delivered in the cloud, as well as on premise.

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