Somewhat Favorable News Coverage Somewhat Unlikely to Affect Financial Engines (FNGN) Share Price
News articles about Financial Engines (NASDAQ:FNGN) have trended somewhat positive this week, according to Accern. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Financial Engines earned a news sentiment score of 0.22 on Accern’s scale. Accern also assigned press coverage about the asset manager an impact score of 45.383088388499 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- Financial Engines Inc (FNGN) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Financial Engines Inc to Post FY2017 Earnings of $1.03 Per Share, Jefferies Group Forecasts (FNGN) (americanbankingnews.com)
- Jefferies Group Reiterates Buy Rating for Financial Engines (FNGN) (americanbankingnews.com)
- $125.89 Million in Sales Expected for Financial Engines Inc (FNGN) This Quarter (americanbankingnews.com)
Several research analysts have recently weighed in on the stock. BidaskClub cut shares of Financial Engines from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Jefferies Group reiterated a “buy” rating and issued a $38.00 price target on shares of Financial Engines in a report on Wednesday. Zacks Investment Research upgraded shares of Financial Engines from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a report on Tuesday, October 10th. ValuEngine cut shares of Financial Engines from a “hold” rating to a “sell” rating in a report on Saturday, November 25th. Finally, Raymond James Financial reiterated an “underperform” rating on shares of Financial Engines in a report on Friday, November 3rd. Three analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. Financial Engines presently has an average rating of “Hold” and an average target price of $37.00.
Financial Engines (NASDAQ:FNGN) last announced its quarterly earnings data on Thursday, November 2nd. The asset manager reported $0.36 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.36. The business had revenue of $122.20 million for the quarter, compared to analyst estimates of $124.11 million. Financial Engines had a net margin of 10.56% and a return on equity of 7.60%. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.31 earnings per share. equities research analysts expect that Financial Engines will post 1.04 earnings per share for the current fiscal year.
Financial Engines announced that its Board of Directors has approved a share buyback program on Thursday, November 2nd that allows the company to repurchase $60.00 million in outstanding shares. This repurchase authorization allows the asset manager to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Thursday, December 14th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Wednesday, December 13th. Financial Engines’s dividend payout ratio is presently 36.36%.
In other news, insider Jeffrey C. Grace sold 2,000 shares of the business’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $37.00, for a total value of $74,000.00. Following the sale, the insider now owns 5,234 shares of the company’s stock, valued at $193,658. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Blake R. Grossman acquired 18,000 shares of the business’s stock in a transaction dated Thursday, December 7th. The stock was acquired at an average cost of $28.71 per share, for a total transaction of $516,780.00. Following the transaction, the director now owns 43,726 shares of the company’s stock, valued at $1,255,373.46. The disclosure for this purchase can be found here. In the last three months, insiders sold 15,431 shares of company stock worth $567,364. 9.27% of the stock is currently owned by insiders.
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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