Nice (NICE) Issues FY 2018 Earnings Guidance
Nice (NASDAQ:NICE) updated its FY 2018 earnings guidance on Thursday. The company provided EPS guidance of $4.53-4.69 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.56. The company issued revenue guidance of $1.45-1.466 billion, compared to the consensus revenue estimate of $1.45 billion.Nice also updated its FY18 guidance to $4.53-4.69 EPS.
Several research analysts recently issued reports on the company. Royal Bank of Canada increased their price objective on Nice to $120.00 and gave the stock a market perform rating in a research note on Friday. Zacks Investment Research raised Nice from a sell rating to a hold rating and set a $124.00 price objective on the stock in a research note on Wednesday, August 15th. BidaskClub raised Nice from a hold rating to a buy rating in a research note on Friday, July 27th. Jefferies Financial Group increased their price objective on Nice to $132.00 and gave the stock a buy rating in a research note on Thursday, September 20th. They noted that the move was a valuation call. Finally, Wedbush assumed coverage on Nice in a research note on Thursday, October 18th. They issued an outperform rating and a $130.00 price objective on the stock. Eight analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $112.73.
Nice stock opened at $113.52 on Friday. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.24. The firm has a market cap of $6.53 billion, a price-to-earnings ratio of 49.14, a P/E/G ratio of 4.13 and a beta of 0.87. Nice has a twelve month low of $82.72 and a twelve month high of $119.83.
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NICE Ltd. provides enterprise software solutions worldwide. It operates in two segments, Customer Engagement and Financial Crime and Compliance. The Customer Engagement segment offers platform and solutions that empower businesses to deliver consistent and personalized experience across the customer journey, and delivered in the cloud, as well as on premise.
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