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 10.950-11.150 for the period, compared to the consensus estimate of 10.730. The company issued revenue guidance of $2.7 billion-$2.7 billion, compared to the consensus revenue estimate of $2.7 billion.

NICE Stock Performance

Shares of NICE stock opened at $199.17 on Thursday. The stock’s 50-day moving average price is $172.27 and its 200 day moving average price is $178.68. NICE has a 52-week low of $151.52 and a 52-week high of $270.73. The stock has a market capitalization of $12.52 billion, a PE ratio of 33.25, a price-to-earnings-growth ratio of 1.56 and a beta of 1.04. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.13.

NICE (NASDAQ:NICE) last posted its quarterly earnings data on Thursday, August 15th. The technology company reported $2.64 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $0.06. NICE had a net margin of 15.55% and a return on equity of 14.68%. The firm had revenue of $664.40 million for the quarter, compared to analyst estimates of $664.10 million. During the same period last year, the firm posted $1.63 EPS. NICE’s quarterly revenue was up 14.3% on a year-over-year basis. As a group, equities research analysts forecast that NICE will post 8.5 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. JMP Securities reaffirmed a “market outperform” rating and issued a $300.00 price objective on shares of NICE in a report on Friday, August 16th. Rosenblatt Securities restated a “buy” rating and set a $225.00 target price on shares of NICE in a research report on Tuesday, August 13th. Barclays dropped their price objective on NICE from $320.00 to $286.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Royal Bank of Canada reiterated an “outperform” rating and issued a $260.00 price target on shares of NICE in a report on Thursday, October 3rd. Finally, Northland Securities cut their price objective on shares of NICE from $305.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, August 16th. Sixteen investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $268.79.

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.