Wall Street brokerages expect that NIC Inc. (NASDAQ:EGOV) will announce earnings of $0.12 per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for NIC’s earnings. The highest EPS estimate is $0.14 and the lowest is $0.11. NIC reported earnings of $0.16 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 25%. The company is scheduled to report its next earnings results on Wednesday, January 30th.

On average, analysts expect that NIC will report full-year earnings of $0.85 per share for the current financial year, with EPS estimates ranging from $0.83 to $0.86. For the next year, analysts expect that the business will post earnings of $0.70 per share, with EPS estimates ranging from $0.66 to $0.73. Zacks’ EPS calculations are an average based on a survey of analysts that follow NIC.

NIC (NASDAQ:EGOV) last posted its earnings results on Thursday, November 1st. The software maker reported $0.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.07. NIC had a return on equity of 32.21% and a net margin of 16.94%. The business had revenue of $87.03 million during the quarter, compared to analysts’ expectations of $83.06 million. During the same period in the previous year, the business earned $0.21 earnings per share. The firm’s revenue was up 3.0% on a year-over-year basis.

Several equities analysts recently commented on EGOV shares. ValuEngine cut NIC from a “sell” rating to a “strong sell” rating in a research report on Wednesday, September 19th. BidaskClub cut NIC from a “hold” rating to a “sell” rating in a research report on Thursday, September 20th. TheStreet cut NIC from a “b-” rating to a “c+” rating in a research report on Monday, October 1st. Barrington Research restated a “hold” rating on shares of NIC in a research report on Monday, October 29th. Finally, Loop Capital set a $15.00 target price on NIC and gave the stock a “hold” rating in a research report on Monday, November 5th. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $15.33.

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc lifted its stake in NIC by 2.1% during the third quarter. Vanguard Group Inc now owns 6,758,293 shares of the software maker’s stock worth $100,023,000 after purchasing an additional 138,642 shares during the last quarter. Marshall Wace LLP bought a new stake in NIC during the third quarter worth about $6,413,000. Vanguard Group Inc. lifted its stake in NIC by 2.1% during the third quarter. Vanguard Group Inc. now owns 6,758,293 shares of the software maker’s stock worth $100,023,000 after purchasing an additional 138,642 shares during the last quarter. Morgan Stanley lifted its stake in NIC by 52.0% during the third quarter. Morgan Stanley now owns 550,344 shares of the software maker’s stock worth $8,144,000 after purchasing an additional 188,386 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in NIC by 7.6% during the third quarter. Legal & General Group Plc now owns 157,967 shares of the software maker’s stock worth $2,339,000 after purchasing an additional 11,193 shares during the last quarter. 89.37% of the stock is owned by hedge funds and other institutional investors.

NIC stock opened at $13.32 on Friday. NIC has a 52 week low of $11.76 and a 52 week high of $17.70. The stock has a market cap of $866.07 million, a P/E ratio of 17.30, a price-to-earnings-growth ratio of 1.86 and a beta of 0.63.

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 18th. Shareholders of record on Tuesday, December 4th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend was Monday, December 3rd. NIC’s dividend payout ratio (DPR) is currently 41.56%.

NIC Company Profile

NIC Inc, together with its subsidiaries, provides digital government services that enable governments to use technology to provide various services to businesses and citizens in the United States. The company's outsourced portal business enters into long-term contracts with state and local governments to design, build, and operate Internet-based and enterprise-wide portals on their behalf.

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