Zacks: Brokerages Anticipate Five9 Inc (FIVN) Will Announce Earnings of $0.12 Per Share

Equities analysts expect that Five9 Inc (NASDAQ:FIVN) will post $0.12 earnings per share for the current quarter, Zacks reports. Seven analysts have made estimates for Five9’s earnings, with the highest EPS estimate coming in at $0.13 and the lowest estimate coming in at $0.11. Five9 reported earnings per share of $0.11 in the same quarter last year, which suggests a positive year-over-year growth rate of 9.1%. The business is expected to issue its next quarterly earnings report on Monday, August 5th.

According to Zacks, analysts expect that Five9 will report full year earnings of $0.64 per share for the current fiscal year, with EPS estimates ranging from $0.60 to $0.68. For the next year, analysts anticipate that the company will report earnings of $0.80 per share, with EPS estimates ranging from $0.74 to $0.89. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Five9.

Five9 (NASDAQ:FIVN) last issued its earnings results on Wednesday, May 1st. The software maker reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.05. Five9 had a positive return on equity of 8.35% and a negative net margin of 0.56%. The company had revenue of $74.54 million for the quarter, compared to analyst estimates of $70.81 million. During the same period in the prior year, the firm posted $0.08 EPS. The business’s revenue was up 26.5% compared to the same quarter last year.

Several research analysts have weighed in on the company. Zacks Investment Research lowered Five9 from a “buy” rating to a “hold” rating in a research report on Monday, April 29th. KeyCorp reaffirmed a “hold” rating on shares of Five9 in a research report on Thursday, May 2nd. Summit Insights raised Five9 from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. BidaskClub raised Five9 from a “buy” rating to a “strong-buy” rating in a research report on Friday. Finally, Stephens reaffirmed a “hold” rating and issued a $53.00 target price on shares of Five9 in a research report on Monday, April 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $53.54.

In other news, EVP Scott Welch sold 1,411 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $49.42, for a total transaction of $69,731.62. Following the transaction, the executive vice president now owns 76,328 shares of the company’s stock, valued at approximately $3,772,129.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Barry Zwarenstein sold 10,898 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $53.76, for a total value of $585,876.48. Following the transaction, the chief financial officer now directly owns 125,405 shares in the company, valued at approximately $6,741,772.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 621,432 shares of company stock worth $31,980,200. 4.90% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in the stock. Mckinley Capital Management LLC Delaware boosted its stake in Five9 by 27.9% during the 1st quarter. Mckinley Capital Management LLC Delaware now owns 989 shares of the software maker’s stock valued at $52,000 after purchasing an additional 216 shares during the period. Envestnet Asset Management Inc. boosted its stake in Five9 by 0.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 43,110 shares of the software maker’s stock valued at $2,278,000 after purchasing an additional 239 shares during the period. Bank of Montreal Can boosted its stake in Five9 by 58.3% during the 4th quarter. Bank of Montreal Can now owns 1,135 shares of the software maker’s stock valued at $49,000 after purchasing an additional 418 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Five9 by 11.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,408 shares of the software maker’s stock valued at $193,000 after purchasing an additional 442 shares during the period. Finally, Winslow Evans & Crocker Inc. bought a new stake in Five9 during the 1st quarter valued at approximately $30,000.

FIVN stock traded up $1.04 during mid-day trading on Friday, hitting $50.63. The stock had a trading volume of 589,632 shares, compared to its average volume of 807,896. The company has a debt-to-equity ratio of 1.37, a current ratio of 6.12 and a quick ratio of 6.12. Five9 has a 1-year low of $31.64 and a 1-year high of $57.90. The firm has a market cap of $3.02 billion, a P/E ratio of 337.53 and a beta of 0.59.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. The company offers virtual contact center cloud platform that delivers a suite of applications, which enables the breadth of contact center-related customer service, sales, and marketing functions; and acts as a hub for omnichannel engagement between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.

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