Financial Engines (FNGN) Posts Earnings Results, Beats Expectations By $0.01 EPS
Financial Engines (NASDAQ:FNGN) released its earnings results on Wednesday. The asset manager reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.01, Bloomberg Earnings reports. Financial Engines had a net margin of 10.56% and a return on equity of 7.60%. The firm had revenue of $125.69 million for the quarter, compared to analyst estimates of $126.49 million. During the same period in the prior year, the firm earned $0.29 earnings per share. The business’s quarterly revenue was up 11.0% compared to the same quarter last year.
Shares of Financial Engines (FNGN) traded down $0.45 on Thursday, reaching $29.95. The company had a trading volume of 403,795 shares, compared to its average volume of 471,702. The firm has a market capitalization of $1,900.00, a P/E ratio of 38.90, a price-to-earnings-growth ratio of 1.50 and a beta of 1.89. Financial Engines has a 52-week low of $24.45 and a 52-week high of $45.75.
In other Financial Engines news, Director Blake R. Grossman purchased 18,000 shares of the stock in a transaction that occurred on Thursday, December 7th. The stock was purchased at an average cost of $28.71 per share, with a total value of $516,780.00. Following the completion of the acquisition, the director now directly owns 43,726 shares of the company’s stock, valued at approximately $1,255,373.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Lawrence M. Raffone purchased 15,000 shares of the stock in a transaction that occurred on Thursday, December 7th. The stock was acquired at an average cost of $28.54 per share, with a total value of $428,100.00. Following the completion of the acquisition, the chief executive officer now directly owns 66,540 shares of the company’s stock, valued at $1,899,051.60. The disclosure for this purchase can be found here. Corporate insiders own 9.27% of the company’s stock.
A number of analysts recently weighed in on FNGN shares. Raymond James Financial restated an “underperform” rating on shares of Financial Engines in a research note on Friday, November 3rd. William Blair lowered shares of Financial Engines from an “outperform” rating to a “market perform” rating in a research note on Friday, November 3rd. Zacks Investment Research upgraded shares of Financial Engines from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Thursday, November 2nd. BidaskClub lowered shares of Financial Engines from a “hold” rating to a “sell” rating in a research note on Saturday, December 16th. Finally, Barclays downgraded Financial Engines from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $30.00 to $33.00 in a report on Monday, January 8th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Financial Engines currently has a consensus rating of “Hold” and an average target price of $35.75.
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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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