Brokerages Expect Fair Isaac Corporation (FICO) Will Announce Earnings of $1.70 Per Share
Brokerages predict that Fair Isaac Corporation (NYSE:FICO) will report earnings of $1.70 per share for the current quarter, according to Zacks. Two analysts have made estimates for Fair Isaac Corporation’s earnings, with the highest EPS estimate coming in at $1.71 and the lowest estimate coming in at $1.69. Fair Isaac Corporation posted earnings of $1.00 per share during the same quarter last year, which would suggest a positive year over year growth rate of 70%. The firm is expected to announce its next earnings results on Monday, November 6th.
According to Zacks, analysts expect that Fair Isaac Corporation will report full-year earnings of $4.94 per share for the current fiscal year, with EPS estimates ranging from $4.92 to $4.95. For the next fiscal year, analysts expect that the business will report earnings of $5.80 per share, with EPS estimates ranging from $5.70 to $5.89. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for Fair Isaac Corporation.
Fair Isaac Corporation (NYSE:FICO) last issued its quarterly earnings results on Monday, July 31st. The technology company reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.12). The company had revenue of $231.00 million during the quarter, compared to the consensus estimate of $237.07 million. Fair Isaac Corporation had a return on equity of 27.84% and a net margin of 13.15%. The firm’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.45 earnings per share.
FICO has been the subject of a number of analyst reports. BidaskClub upgraded Fair Isaac Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 27th. Zacks Investment Research cut Fair Isaac Corporation from a “hold” rating to a “strong sell” rating in a report on Thursday, August 3rd. Finally, Wells Fargo & Company lifted their price objective on Fair Isaac Corporation from $150.00 to $160.00 and gave the stock a “positive” rating in a research report on Tuesday, August 1st.
Fair Isaac Corporation (NYSE FICO) traded up 1.25% on Monday, reaching $142.25. 140,622 shares of the company’s stock were exchanged. Fair Isaac Corporation has a one year low of $109.77 and a one year high of $147.02. The firm has a market cap of $4.36 billion, a PE ratio of 38.14 and a beta of 1.21. The firm has a 50 day moving average price of $139.21 and a 200 day moving average price of $136.22.
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In other Fair Isaac Corporation news, Director David A. Rey sold 7,340 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $140.25, for a total value of $1,029,435.00. Following the transaction, the director now directly owns 15,714 shares in the company, valued at approximately $2,203,888.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David A. Rey sold 2,660 shares of the business’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $140.47, for a total transaction of $373,650.20. Following the completion of the transaction, the director now owns 11,034 shares in the company, valued at $1,549,945.98. The disclosure for this sale can be found here. Corporate insiders own 5.60% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of Fair Isaac Corporation by 23,429.3% during the 1st quarter. BlackRock Inc. now owns 3,195,752 shares of the technology company’s stock worth $412,092,000 after buying an additional 3,182,170 shares during the last quarter. Koch Industries Inc. lifted its holdings in Fair Isaac Corporation by 23,947.1% in the second quarter. Koch Industries Inc. now owns 873,631 shares of the technology company’s stock valued at $867,000 after acquiring an additional 869,998 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Fair Isaac Corporation by 151.4% in the second quarter. Principal Financial Group Inc. now owns 324,590 shares of the technology company’s stock valued at $45,251,000 after acquiring an additional 195,488 shares during the last quarter. Tudor Investment Corp ET AL acquired a new position in Fair Isaac Corporation in the second quarter valued at approximately $24,820,000. Finally, Victory Capital Management Inc. lifted its holdings in Fair Isaac Corporation by 134.5% in the second quarter. Victory Capital Management Inc. now owns 310,040 shares of the technology company’s stock valued at $43,223,000 after acquiring an additional 177,840 shares during the last quarter. 88.17% of the stock is owned by institutional investors and hedge funds.
Fair Isaac Corporation Company Profile
Fair Isaac Corporation (FICO) is a provider of analytic, software and data management products and services that enable businesses to automate and connect decisions. The Company operates through three segments: Applications, Scores and Decision Management Software. The Applications segment includes pre-configured decision management applications designed for a specific type of business problem or process, such as marketing, account origination, customer management, fraud, collections and insurance claims management.
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