Research Analysts Offer Predictions for Financial Engines, Inc.’s Q3 2017 Earnings (NASDAQ:FNGN)
Financial Engines, Inc. (NASDAQ:FNGN) – Analysts at DA Davidson lowered their Q3 2017 EPS estimates for shares of Financial Engines in a report released on Wednesday. DA Davidson analyst P. Heckmann now expects that the asset manager will earn $0.27 per share for the quarter, down from their previous estimate of $0.28. DA Davidson currently has a “Buy” rating and a $44.00 target price on the stock. DA Davidson also issued estimates for Financial Engines’ Q4 2017 earnings at $0.30 EPS, Q1 2018 earnings at $0.29 EPS, Q2 2018 earnings at $0.29 EPS and Q4 2018 earnings at $0.36 EPS.
Several other research analysts have also recently issued reports on the stock. Zacks Investment Research upgraded shares of Financial Engines from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a report on Tuesday, April 25th. TheStreet upgraded shares of Financial Engines from a “c+” rating to a “b-” rating in a research note on Thursday, April 27th. BidaskClub downgraded shares of Financial Engines from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 1st. Finally, Sidoti assumed coverage on shares of Financial Engines in a research report on Monday, July 10th. They set a “buy” rating for the company. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. Financial Engines has a consensus rating of “Buy” and an average price target of $44.33.
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Shares of Financial Engines (NASDAQ FNGN) opened at 34.30 on Friday. The firm has a market capitalization of $2.17 billion, a P/E ratio of 52.93 and a beta of 2.22. Financial Engines has a 52 week low of $25.00 and a 52 week high of $45.75. The firm has a 50-day moving average of $37.37 and a 200 day moving average of $39.70.
Financial Engines (NASDAQ:FNGN) last released its quarterly earnings data on Tuesday, August 8th. The asset manager reported $0.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by $0.02. The business had revenue of $118.47 million for the quarter, compared to the consensus estimate of $119.94 million. Financial Engines had a net margin of 8.98% and a return on equity of 7.31%. Financial Engines’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.28 earnings per share.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Wednesday, September 20th will be given a $0.07 dividend. The ex-dividend date is Tuesday, September 19th. This represents a $0.28 annualized dividend and a dividend yield of 0.82%. Financial Engines’s dividend payout ratio is presently 43.75%.
In related news, insider Jeffrey C. Grace sold 7,718 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $37.63, for a total value of $290,428.34. Following the transaction, the insider now owns 4,140 shares in the company, valued at $155,788.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Christopher L. Jones sold 5,120 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $39.99, for a total transaction of $204,748.80. Following the completion of the transaction, the executive vice president now owns 65,209 shares in the company, valued at approximately $2,607,707.91. The disclosure for this sale can be found here. Insiders sold 29,234 shares of company stock worth $1,132,944 over the last three months. Corporate insiders own 15.97% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Strs Ohio raised its stake in Financial Engines by 109.1% in the first quarter. Strs Ohio now owns 2,300 shares of the asset manager’s stock worth $100,000 after buying an additional 1,200 shares in the last quarter. Victory Capital Management Inc. increased its position in Financial Engines by 17.7% in the second quarter. Victory Capital Management Inc. now owns 3,083 shares of the asset manager’s stock worth $113,000 after buying an additional 464 shares in the last quarter. Riverhead Capital Management LLC increased its position in Financial Engines by 82.4% in the second quarter. Riverhead Capital Management LLC now owns 4,561 shares of the asset manager’s stock worth $167,000 after buying an additional 2,061 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new position in Financial Engines during the first quarter worth approximately $201,000. Finally, First Citizens Bank & Trust Co. acquired a new position in Financial Engines during the first quarter worth approximately $206,000.
About Financial Engines
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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