NICE (NASDAQ:NICE) Issues FY 2024 Earnings Guidance

NICE (NASDAQ:NICE) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 10.600-10.800 for the period, compared to the consensus estimate of 10.630. The company issued revenue guidance of $2.7 billion-$2.7 billion, compared to the consensus revenue estimate of $2.7 billion. NICE also updated its FY24 guidance to $10.60-10.80 EPS.

NICE Trading Up 2.7 %

Shares of NICE traded up $4.42 during mid-day trading on Thursday, reaching $171.20. 741,044 shares of the company were exchanged, compared to its average volume of 514,689. NICE has a 52 week low of $149.54 and a 52 week high of $270.73. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.43 and a current ratio of 2.43. The business has a 50 day simple moving average of $171.47 and a two-hundred day simple moving average of $207.25. The stock has a market capitalization of $10.76 billion, a PE ratio of 30.10, a PEG ratio of 1.44 and a beta of 1.04.

NICE (NASDAQ:NICE) last issued its earnings results on Thursday, May 16th. The technology company reported $2.01 EPS for the quarter, beating the consensus estimate of $1.88 by $0.13. The company had revenue of $659.31 million during the quarter, compared to the consensus estimate of $654.81 million. NICE had a return on equity of 14.05% and a net margin of 14.92%. On average, analysts predict that NICE will post 8.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NICE has been the subject of a number of recent analyst reports. Rosenblatt Securities restated a buy rating and set a $225.00 price target on shares of NICE in a research note on Tuesday. Jefferies Financial Group lowered their target price on shares of NICE from $280.00 to $230.00 and set a buy rating on the stock in a report on Friday, May 17th. William Blair reaffirmed an outperform rating on shares of NICE in a report on Wednesday, June 12th. Piper Sandler decreased their price objective on NICE from $238.00 to $213.00 and set an overweight rating on the stock in a research note on Wednesday, July 10th. Finally, DA Davidson reissued a buy rating and set a $300.00 price objective on shares of NICE in a report on Wednesday, June 12th. Sixteen analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of Buy and a consensus target price of $269.64.

About NICE

NICE Ltd., together with its subsidiaries, provides cloud platforms for AI-driven digital business solutions worldwide. It offers CXone, a cloud native open platform; Enlighten, an AI engine for the customer engagement market; and smart self service enable organizations to address consumers' needs; and journey orchestration solutions that empower organizations to connect and route customers to deal with the customer's request, and connects them using real time AI-based routing.