Wall Street brokerages expect Five9 Inc (NASDAQ:FIVN) to report $0.03 earnings per share for the current quarter, Zacks reports. Six analysts have issued estimates for Five9’s earnings, with estimates ranging from $0.02 to $0.03. The company is scheduled to report its next quarterly earnings report on Wednesday, May 2nd.
According to Zacks, analysts expect that Five9 will report full year earnings of $0.23 per share for the current financial year, with EPS estimates ranging from $0.21 to $0.24. For the next year, analysts anticipate that the business will report earnings of $0.40 per share, with EPS estimates ranging from $0.34 to $0.52. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Five9.
Five9 (NASDAQ:FIVN) last announced its earnings results on Wednesday, February 21st. The software maker reported $0.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.03. Five9 had a negative return on equity of 24.94% and a negative net margin of 4.48%. The business had revenue of $55.40 million for the quarter, compared to analyst estimates of $52.31 million. The company’s quarterly revenue was up 25.3% on a year-over-year basis.
Shares of Five9 (NASDAQ FIVN) opened at $31.45 on Tuesday. Five9 has a 1 year low of $15.91 and a 1 year high of $32.47. The stock has a market capitalization of $1,750.00, a P/E ratio of -185.00 and a beta of 0.09. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.35 and a quick ratio of 2.35.
In other Five9 news, CEO Barry Zwarenstein sold 3,713 shares of the business’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $31.13, for a total transaction of $115,585.69. Following the transaction, the chief executive officer now owns 192,831 shares of the company’s stock, valued at approximately $6,002,829.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Burkland sold 227,341 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $30.89, for a total value of $7,022,563.49. Following the transaction, the director now directly owns 265,310 shares in the company, valued at approximately $8,195,425.90. The disclosure for this sale can be found here. Insiders have sold a total of 659,108 shares of company stock worth $18,891,563 in the last ninety days. Insiders own 9.10% of the company’s stock.
Several large investors have recently bought and sold shares of the business. BlackRock Inc. increased its holdings in shares of Five9 by 1.9% during the 4th quarter. BlackRock Inc. now owns 3,721,206 shares of the software maker’s stock worth $92,583,000 after acquiring an additional 70,510 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Five9 by 3.4% during the 4th quarter. Renaissance Technologies LLC now owns 2,388,800 shares of the software maker’s stock worth $59,433,000 after acquiring an additional 77,800 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Five9 by 31.4% during the 3rd quarter. Wells Fargo & Company MN now owns 1,531,252 shares of the software maker’s stock worth $36,598,000 after acquiring an additional 366,166 shares during the last quarter. Tremblant Capital Group increased its holdings in shares of Five9 by 38.2% during the 4th quarter. Tremblant Capital Group now owns 1,129,962 shares of the software maker’s stock worth $28,113,000 after acquiring an additional 312,240 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of Five9 by 49.3% during the 2nd quarter. State Street Corp now owns 887,639 shares of the software maker’s stock worth $19,103,000 after acquiring an additional 293,067 shares during the last quarter. 92.66% of the stock is currently owned by hedge funds and other institutional investors.
ILLEGAL ACTIVITY NOTICE: “$0.03 Earnings Per Share Expected for Five9 Inc (FIVN) This Quarter” was first reported by Markets Daily and is owned by of Markets Daily. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of US & international copyright and trademark laws. The legal version of this piece of content can be viewed at https://www.themarketsdaily.com/2018/03/13/0-03-earnings-per-share-expected-for-five9-inc-fivn-this-quarter.html.
Five9 Inc (Five9) is a provider of cloud software for contact centers. The Company’s purpose-built Virtual Contact Center (VCC) cloud platform delivers a suite of applications that enable the breadth of contact center-related customer service, sales and marketing functions. The Company’s solution, which consists of its VCC cloud platform and applications, allows simultaneous management and optimization of customer interactions across voice, chat, e-mail, Web, social media and mobile channels, either directly or through its application programming interfaces (APIs).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Five9 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five9 and related companies with MarketBeat.com's FREE daily email newsletter.