Nice (NICE) Sets New 1-Year High After Strong Earnings
Nice Ltd (NASDAQ:NICE) hit a new 52-week high during mid-day trading on Thursday following a stronger than expected earnings report. The stock traded as high as $144.81 and last traded at $143.57, with a volume of 17927 shares. The stock had previously closed at $133.19.
The technology company reported $1.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.07. The business had revenue of $377.00 million during the quarter, compared to analysts’ expectations of $375.18 million. Nice had a return on equity of 9.15% and a net margin of 11.03%. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.03 EPS.
Several equities analysts have recently issued reports on NICE shares. BidaskClub raised Nice from a “buy” rating to a “strong-buy” rating in a report on Friday, April 19th. Zacks Investment Research raised Nice from a “sell” rating to a “hold” rating in a report on Wednesday, April 17th. DA Davidson upped their price target on Nice from $110.00 to $125.00 and gave the stock a “neutral” rating in a report on Wednesday, April 17th. Wedbush reaffirmed a “positive” rating and issued a $155.00 price target (up previously from $145.00) on shares of Nice in a report on Monday, April 22nd. Finally, Oppenheimer upped their price target on Nice from $125.00 to $145.00 and gave the stock an “outperform” rating in a report on Wednesday, April 17th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $138.64.
The firm has a market cap of $8.77 billion, a P/E ratio of 37.38, a P/E/G ratio of 2.95 and a beta of 0.86. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.38 and a quick ratio of 1.38.
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About Nice (NASDAQ: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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