NICE (NICE) Set to Announce Earnings on Thursday

NICE (NASDAQ:NICE) will be issuing its quarterly earnings data before the market opens on Thursday, November 14th. Analysts expect the company to announce earnings of $2.68 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

NICE (NASDAQ:NICE) last announced its earnings results on Thursday, August 15th. The technology company reported $2.64 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $0.06. The business had revenue of $664.40 million for the quarter, compared to the consensus estimate of $664.10 million. NICE had a net margin of 15.55% and a return on equity of 14.68%. NICE’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period last year, the firm posted $1.63 earnings per share. On average, analysts expect NICE to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

NICE Price Performance

Shares of NASDAQ:NICE opened at $192.89 on Wednesday. NICE has a one year low of $151.52 and a one year high of $270.73. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.45 and a quick ratio of 2.45. The firm has a market capitalization of $12.13 billion, a price-to-earnings ratio of 32.20, a PEG ratio of 1.54 and a beta of 1.04. The company’s fifty day moving average price is $171.59 and its 200-day moving average price is $178.54.

Wall Street Analysts Forecast Growth

NICE has been the subject of a number of research reports. JMP Securities reiterated a “market outperform” rating and issued a $300.00 price objective on shares of NICE in a report on Friday, August 16th. Wedbush reissued an “outperform” rating and set a $250.00 price target on shares of NICE in a research note on Friday, August 16th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $260.00 price objective on shares of NICE in a research note on Thursday, October 3rd. Rosenblatt Securities reissued a “buy” rating and issued a $225.00 price target on shares of NICE in a research note on Tuesday, August 13th. Finally, Barclays reduced their price objective on NICE from $320.00 to $286.00 and set an “overweight” rating on the stock in a research note on Thursday, July 25th. Sixteen research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $269.64.

About NICE

NICE Ltd., together with its subsidiaries, provides cloud platforms for AI-driven digital business solutions worldwide. It offers CXone, a cloud native open platform; Enlighten, an AI engine for the customer engagement market; and smart self service enable organizations to address consumers' needs; and journey orchestration solutions that empower organizations to connect and route customers to deal with the customer's request, and connects them using real time AI-based routing.