Nice (NASDAQ:NICE) Issues Q1 2020 Pre-Market Earnings Guidance

Nice (NASDAQ:NICE) issued an update on its first quarter 2020
Pre-Market earnings guidance on Thursday morning. The company provided EPS guidance of 1.27-1.37 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.32. The company issued revenue guidance of $406-416 million, compared to the consensus revenue estimate of $410.79 million.Nice also updated its FY 2020
Pre-Market guidance to 5.65-5.85 EPS.

NASDAQ:NICE traded up $1.96 during mid-day trading on Friday, hitting $179.09. The stock had a trading volume of 284,610 shares, compared to its average volume of 300,494. The stock has a market capitalization of $10.79 billion, a price-to-earnings ratio of 61.76, a P/E/G ratio of 3.54 and a beta of 0.69. The company has a 50 day simple moving average of $168.81 and a 200-day simple moving average of $156.01. Nice has a 52 week low of $112.60 and a 52 week high of $182.06. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.26.

Nice (NASDAQ:NICE) last released its earnings results on Thursday, November 14th. The technology company reported $1.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.10 by ($0.04). The company had revenue of $387.13 million for the quarter, compared to analyst estimates of $385.04 million. Nice had a net margin of 11.99% and a return on equity of 13.14%. As a group, equities research analysts anticipate that Nice will post 4.36 earnings per share for the current year.

NICE has been the topic of several research analyst reports. Rosenblatt Securities raised their target price on shares of Nice from $187.00 to $195.00 and gave the company a buy rating in a research note on Friday. DA Davidson reissued a neutral rating and set a $175.00 target price on shares of Nice in a research note on Friday. They noted that the move was a valuation call. Morgan Stanley raised their target price on shares of Nice from $160.00 to $173.00 and gave the company an equal weight rating in a research note on Friday. JPMorgan Chase & Co. cut shares of Nice from an overweight rating to a neutral rating and set a $163.00 target price on the stock. in a research note on Monday, January 27th. They noted that the move was a valuation call. Finally, Zacks Investment Research cut shares of Nice from a buy rating to a hold rating in a research note on Wednesday, November 20th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Nice has a consensus rating of Hold and a consensus target price of $176.00.

About Nice

NICE Ltd. provides enterprise software solutions worldwide. The company 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 optimize business performance and ensure compliance.

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