NICE (NASDAQ:NICE - Get Free Report) updated its FY24 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $10.53-10.73 for the period, compared to the consensus estimate of $10.51. The company issued revenue guidance of $2.72-2.74 billion, compared to the consensus revenue estimate of $2.73 billion. NICE also updated its FY 2024 guidance to 10.530-10.730 EPS.
NICE Stock Performance
Shares of NASDAQ NICE traded down $29.50 during trading hours on Thursday, reaching $198.60. The stock had a trading volume of 2,725,828 shares, compared to its average volume of 390,514. The firm has a 50-day moving average of $237.33 and a 200-day moving average of $215.80. The firm has a market cap of $12.49 billion, a price-to-earnings ratio of 39.88, a PEG ratio of 2.03 and a beta of 1.04. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.14. NICE has a fifty-two week low of $149.54 and a fifty-two week high of $270.73.
NICE (NASDAQ:NICE - Get Free Report) last announced its earnings results on Thursday, February 22nd. The technology company reported $2.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.26 by $0.10. NICE had a net margin of 14.23% and a return on equity of 13.29%. The business had revenue of $623.20 million for the quarter, compared to analyst estimates of $616.83 million. During the same period last year, the firm posted $1.40 earnings per share. The company's revenue for the quarter was up 9.6% compared to the same quarter last year. Equities research analysts predict that NICE will post 8.21 earnings per share for the current year.
Analyst Ratings Changes
Several research analysts have weighed in on NICE shares. Oppenheimer lifted their target price on NICE from $225.00 to $300.00 and gave the company an outperform rating in a research note on Friday, February 23rd. Citigroup upped their price objective on shares of NICE from $283.00 to $334.00 and gave the stock a buy rating in a research report on Wednesday, February 21st. Wedbush lifted their target price on shares of NICE from $230.00 to $270.00 and gave the company an outperform rating in a report on Friday, February 23rd. StockNews.com downgraded shares of NICE from a buy rating to a hold rating in a research report on Wednesday. Finally, TheStreet upgraded NICE from a c+ rating to a b- rating in a research report on Tuesday, February 6th. One research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $296.09.
Check Out Our Latest Research Report on NICE
NICE Company Profile
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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.
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