$0.35 Earnings Per Share Expected for Financial Engines, Inc. (FNGN) This Quarter
Analysts expect Financial Engines, Inc. (NASDAQ:FNGN) to report $0.35 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Financial Engines’ earnings, with estimates ranging from $0.34 to $0.36. Financial Engines reported earnings per share of $0.31 during the same quarter last year, which suggests a positive year over year growth rate of 12.9%. The firm is expected to issue its next quarterly earnings report on Thursday, November 2nd.
According to Zacks, analysts expect that Financial Engines will report full-year earnings of $1.37 per share for the current financial year, with EPS estimates ranging from $1.35 to $1.39. For the next fiscal year, analysts expect that the business will report earnings of $1.57 per share, with EPS estimates ranging from $1.51 to $1.62. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Financial Engines.
Financial Engines (NASDAQ:FNGN) last posted its quarterly earnings data on Tuesday, August 8th. The asset manager reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The company had revenue of $118.47 million for the quarter, compared to analyst estimates of $119.94 million. Financial Engines had a net margin of 8.98% and a return on equity of 7.31%. The firm’s revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.28 EPS.
A number of brokerages have recently issued reports on FNGN. Zacks Investment Research lowered Financial Engines from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. DA Davidson began coverage on Financial Engines in a research report on Wednesday, June 21st. They set a “buy” rating and a $44.00 target price on the stock. BidaskClub lowered Financial Engines from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 1st. Barclays PLC began coverage on Financial Engines in a research report on Friday, September 8th. They set an “overweight” rating and a $38.00 target price on the stock. Finally, Sidoti began coverage on Financial Engines in a research report on Monday, July 10th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $42.50.
In related news, Director Michael E. Martin sold 4,109,128 shares of the company’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $33.05, for a total transaction of $135,806,680.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Michael Jerome Campbell sold 2,000 shares of the company’s stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of $36.78, for a total value of $73,560.00. The disclosure for this sale can be found here. Insiders have sold 4,144,587 shares of company stock worth $137,078,467 over the last three months. 9.27% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Ashford Capital Management Inc. grew its stake in Financial Engines by 3.4% in the second quarter. Ashford Capital Management Inc. now owns 239,097 shares of the asset manager’s stock valued at $8,751,000 after purchasing an additional 7,798 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Financial Engines in the second quarter valued at about $1,056,000. Verition Fund Management LLC purchased a new position in Financial Engines in the second quarter valued at about $449,000. Piedmont Investment Advisors LLC purchased a new position in Financial Engines in the second quarter valued at about $458,000. Finally, Ameritas Investment Partners Inc. grew its stake in Financial Engines by 11.3% in the second quarter. Ameritas Investment Partners Inc. now owns 5,140 shares of the asset manager’s stock valued at $188,000 after purchasing an additional 520 shares in the last quarter.
Financial Engines (NASDAQ:FNGN) traded up 1.724% during mid-day trading on Friday, hitting $36.875. The company had a trading volume of 72,838 shares. The company’s 50 day moving average price is $33.69 and its 200-day moving average price is $37.35. The company has a market cap of $2.33 billion, a PE ratio of 56.731 and a beta of 2.20. Financial Engines has a one year low of $25.00 and a one year high of $45.75.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 4th. Investors of record on Wednesday, September 20th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend was Tuesday, September 19th. Financial Engines’s payout ratio is 43.75%.
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Financial Engines Company Profile
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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