Financial Engines (FNGN) Receives Media Sentiment Rating of 0.11
Media coverage about Financial Engines (NASDAQ:FNGN) has been trending somewhat positive on Wednesday, Accern reports. The research firm identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Financial Engines earned a news sentiment score of 0.11 on Accern’s scale. Accern also gave media stories about the asset manager an impact score of 45.4208243551008 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Financial Engines (NASDAQ:FNGN) opened at 33.00 on Wednesday. Financial Engines has a 1-year low of $25.00 and a 1-year high of $45.75. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 50.77 and a beta of 2.22. The company has a 50-day moving average of $36.21 and a 200-day moving average of $39.28.
Financial Engines (NASDAQ:FNGN) last posted its quarterly earnings results on Tuesday, August 8th. The asset manager reported $0.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by $0.02. Financial Engines had a net margin of 8.98% and a return on equity of 7.31%. The firm had revenue of $118.47 million for the quarter, compared to analysts’ expectations of $119.94 million. During the same quarter in the previous year, the firm posted $0.28 EPS. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. On average, equities analysts predict that Financial Engines will post $1.37 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Wednesday, September 20th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, September 19th. This represents a $0.28 dividend on an annualized basis and a yield of 0.85%. Financial Engines’s payout ratio is 43.75%.
FNGN has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Financial Engines from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research report on Wednesday, July 12th. Sidoti began coverage on shares of Financial Engines in a research note on Monday, July 10th. They set a “buy” rating on the stock. DA Davidson began coverage on shares of Financial Engines in a research note on Wednesday, June 21st. They set a “buy” rating and a $44.00 price target on the stock. Finally, BidaskClub lowered shares of Financial Engines from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. Financial Engines has a consensus rating of “Buy” and an average price target of $44.33.
In related news, Director Michael E. Martin sold 4,109,128 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $33.05, for a total value of $135,806,680.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey C. Grace sold 2,874 shares of the stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $39.55, for a total value of $113,666.70. Following the completion of the sale, the insider now directly owns 14,732 shares of the company’s stock, valued at approximately $582,650.60. The disclosure for this sale can be found here. Insiders sold a total of 4,132,454 shares of company stock valued at $136,686,730 in the last ninety days. 15.97% of the stock is currently owned by insiders.
About Financial Engines
Financial Engines, Inc is a provider of independent, technology-enabled financial advisory services, discretionary portfolio management, personalized investment advice, financial and retirement income planning, and financial education and guidance. The Company offers personalized plans for saving, investing, and generating retirement income, as well as by providing assessments of retirement income needs and readiness.
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