Fair Isaac Corporation (NYSE:FICO) Expected to Post Quarterly Sales of $251.08 Million
Brokerages forecast that Fair Isaac Corporation (NYSE:FICO) will report $251.08 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Fair Isaac Corporation’s earnings. The lowest sales estimate is $246.06 million and the highest is $256.10 million. Fair Isaac Corporation posted sales of $235.82 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 6.5%. The business is expected to issue its next earnings results on Monday, November 6th.
According to Zacks, analysts expect that Fair Isaac Corporation will report full year sales of $251.08 million for the current fiscal year, with estimates ranging from $925.03 million to $935.00 million. For the next financial year, analysts anticipate that the company will report sales of $992.42 million per share, with estimates ranging from $990.00 million to $994.84 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Fair Isaac Corporation.
Fair Isaac Corporation (NYSE:FICO) last posted its quarterly earnings data on Monday, July 31st. The technology company reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by $0.12. Fair Isaac Corporation had a return on equity of 27.84% and a net margin of 13.15%. The firm had revenue of $231 million during the quarter, compared to analysts’ expectations of $237.07 million. During the same quarter in the previous year, the company posted $1.45 earnings per share. Fair Isaac Corporation’s revenue for the quarter was down 3.3% compared to the same quarter last year.
Several equities research analysts have recently issued reports on the company. BidaskClub cut Fair Isaac Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Zacks Investment Research cut Fair Isaac Corporation from a “hold” rating to a “strong sell” rating in a report on Thursday, August 3rd. Finally, Wells Fargo & Company lifted their target price on Fair Isaac Corporation from $150.00 to $160.00 and gave the stock a “positive” rating in a report on Tuesday, August 1st.
In other Fair Isaac Corporation news, Director Greg R. Gianforte sold 18,486 shares of the business’s stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $134.50, for a total transaction of $2,486,367.00. Following the sale, the director now directly owns 20,877 shares of the company’s stock, valued at $2,807,956.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.60% of the company’s stock.
Large investors have recently modified their holdings of the company. Tyers Asset Management LLC boosted its stake in shares of Fair Isaac Corporation by 5.5% in the first quarter. Tyers Asset Management LLC now owns 928 shares of the technology company’s stock valued at $120,000 after buying an additional 48 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of Fair Isaac Corporation during the first quarter valued at $142,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Fair Isaac Corporation by 15.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,233 shares of the technology company’s stock valued at $172,000 after buying an additional 161 shares during the last quarter. Elkfork Partners LLC boosted its stake in shares of Fair Isaac Corporation by 5.5% in the first quarter. Elkfork Partners LLC now owns 1,276 shares of the technology company’s stock valued at $165,000 after buying an additional 66 shares during the last quarter. Finally, Meadow Creek Investment Management LLC boosted its stake in shares of Fair Isaac Corporation by 5.5% in the first quarter. Meadow Creek Investment Management LLC now owns 1,624 shares of the technology company’s stock valued at $209,000 after buying an additional 84 shares during the last quarter. 91.41% of the stock is currently owned by institutional investors.
Fair Isaac Corporation (FICO) opened at 139.11 on Thursday. The stock has a 50 day moving average price of $140.52 and a 200-day moving average price of $133.20. The stock has a market capitalization of $4.26 billion, a PE ratio of 37.29 and a beta of 1.20. Fair Isaac Corporation has a 12-month low of $109.77 and a 12-month high of $147.02.
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Fair Isaac Corporation Company Profile
Fair Isaac Corporation (FICO) is a provider of analytic, software and data management products and services that enable businesses to automate and connect decisions. The Company operates through three segments: Applications, Scores and Decision Management Software. The Applications segment includes pre-configured decision management applications designed for a specific type of business problem or process, such as marketing, account origination, customer management, fraud, collections and insurance claims management.
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