Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Financial Engines (FNGN) Share Price
Press coverage about Financial Engines (NASDAQ:FNGN) has been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Financial Engines earned a news impact score of 0.21 on Accern’s scale. Accern also assigned news coverage about the asset manager an impact score of 45.6456528175449 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Financial Engines (NASDAQ:FNGN) opened at $29.60 on Friday. Financial Engines has a 1 year low of $24.45 and a 1 year high of $45.75. The firm has a market cap of $1,870.00, a price-to-earnings ratio of 38.44, a P/E/G ratio of 1.63 and a beta of 2.15.
Financial Engines (NASDAQ:FNGN) last released its earnings results on Thursday, November 2nd. The asset manager reported $0.36 EPS for the quarter, meeting analysts’ consensus estimates of $0.36. Financial Engines had a return on equity of 7.60% and a net margin of 10.56%. The company had revenue of $122.20 million during the quarter, compared to the consensus estimate of $124.11 million. During the same quarter last year, the company earned $0.31 earnings per share. Financial Engines’s quarterly revenue was up 8.7% compared to the same quarter last year. analysts expect that Financial Engines will post 1.04 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Thursday, December 14th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend was Wednesday, December 13th. Financial Engines’s dividend payout ratio (DPR) is currently 36.36%.
Financial Engines announced that its board has approved a share repurchase plan on Thursday, November 2nd that allows the company to repurchase $60.00 million in shares. This repurchase authorization allows the asset manager to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
FNGN has been the topic of a number of analyst reports. Raymond James Financial reiterated an “underperform” rating on shares of Financial Engines in a research report on Friday, November 3rd. William Blair lowered shares of Financial Engines from an “outperform” rating to a “market perform” rating in a research report on Friday, November 3rd. Zacks Investment Research upgraded shares of Financial Engines from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research report on Thursday, November 2nd. BidaskClub lowered shares of Financial Engines from a “hold” rating to a “sell” rating in a research report on Saturday, December 16th. Finally, Northland Securities reiterated a “buy” rating on shares of Financial Engines in a research report on Friday, November 3rd. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. Financial Engines currently has an average rating of “Hold” and a consensus price target of $39.25.
In other Financial Engines news, insider Jeffrey C. Grace sold 2,000 shares of the firm’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $37.00, for a total value of $74,000.00. Following the completion of the sale, the insider now owns 5,234 shares of the company’s stock, valued at $193,658. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Blake R. Grossman bought 18,000 shares of Financial Engines stock in a transaction on Thursday, December 7th. The stock was acquired at an average cost of $28.71 per share, with a total value of $516,780.00. Following the acquisition, the director now owns 43,726 shares of the company’s stock, valued at approximately $1,255,373.46. The disclosure for this purchase can be found here. In the last three months, insiders sold 25,214 shares of company stock valued at $927,572. 9.27% of the stock is owned by corporate insiders.
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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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