Nice (NICE) Releases Q1 Earnings Guidance

Nice (NASDAQ:NICE) issued an update on its first quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.97-1.03 for the period, compared to the Thomson Reuters consensus estimate of $0.99. The company issued revenue guidance of $328-338 million, compared to the consensus revenue estimate of $331.22 million.Nice also updated its FY18 guidance to $4.40-4.60 EPS.

Shares of Nice (NASDAQ NICE) traded down $0.20 during trading hours on Thursday, hitting $88.11. The company had a trading volume of 167,000 shares, compared to its average volume of 182,619. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.27. Nice has a 1-year low of $65.72 and a 1-year high of $95.65. The stock has a market cap of $5,301.87, a P/E ratio of 35.32, a P/E/G ratio of 3.45 and a beta of 0.79.

Several equities research analysts have issued reports on NICE shares. Jefferies Group lifted their price objective on Nice from $84.00 to $87.00 and gave the stock a hold rating in a report on Friday, November 3rd. Zacks Investment Research downgraded Nice from a buy rating to a hold rating in a report on Thursday, January 4th. Citigroup restated an outperform rating and set a $100.00 price objective (up from $90.00) on shares of Nice in a report on Wednesday, December 13th. They noted that the move was a valuation call. JPMorgan Chase & Co. downgraded Nice from an overweight rating to a neutral rating in a report on Friday, November 3rd. Finally, Chardan Capital downgraded Nice from a buy rating to a neutral rating and set a $91.00 price objective on the stock. in a report on Monday, November 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $90.86.

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Nice Company Profile

NICE Ltd., formerly NICE-Systems Ltd., is a global enterprise software provider. The Company’s segments include Customer Interactions Solutions, and Financial Crime and Compliance Solutions. The Customer Interactions Solutions segment provides data driven insights that enable businesses to deliver personalized experience to customers.

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