NIC Inc. (EGOV) Set to Announce Earnings on Wednesday
NIC Inc. (NASDAQ:EGOV) is scheduled to be releasing its earnings data after the market closes on Wednesday, November 1st. Analysts expect NIC to post earnings of $0.19 per share for the quarter.
NIC (NASDAQ:EGOV) last issued its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.01. NIC had a net margin of 17.31% and a return on equity of 38.37%. The company had revenue of $85.30 million for the quarter, compared to the consensus estimate of $83.57 million. During the same quarter in the prior year, the company earned $0.20 EPS. NIC’s quarterly revenue was up 5.6% on a year-over-year basis. On average, analysts expect NIC to post $0.75 EPS for the current fiscal year and $0.79 EPS for the next fiscal year.
NIC Inc. (NASDAQ:EGOV) opened at 16.65 on Tuesday. The company has a 50-day moving average of $17.16 and a 200 day moving average of $18.36. NIC Inc. has a one year low of $15.45 and a one year high of $25.90. The firm has a market cap of $1.10 billion, a P/E ratio of 19.59 and a beta of 0.41.
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A number of equities research analysts have weighed in on EGOV shares. Zacks Investment Research upgraded NIC from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Tuesday, October 3rd. TheStreet cut NIC from a “b-” rating to a “c+” rating in a research note on Monday, August 14th. Maxim Group reduced their price objective on NIC from $21.00 to $16.00 and set a “hold” rating for the company in a research note on Friday, July 21st. DA Davidson reiterated a “neutral” rating and issued a $18.00 price objective on shares of NIC in a research note on Wednesday, September 20th. Finally, Sidoti cut NIC from a “buy” rating to a “neutral” rating and set a $19.00 price objective for the company. in a research note on Friday, July 21st. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $19.29.
NIC Inc is a provider of digital government services that help governments use technology to provide services to businesses and citizens. The Company operates through Outsourced Portals segment. The Company offers its services through two channels: primary outsourced portal businesses, and software and services businesses.
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