Brokerages Anticipate Fair Isaac Co. (NYSE:FICO) Will Post Quarterly Sales of $335.10 Million

Wall Street analysts expect that Fair Isaac Co. (NYSE:FICO) will announce sales of $335.10 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Fair Isaac’s earnings, with the lowest sales estimate coming in at $317.65 million and the highest estimate coming in at $345.36 million. Fair Isaac reported sales of $313.73 million in the same quarter last year, which would suggest a positive year over year growth rate of 6.8%. The company is expected to issue its next quarterly earnings results on Wednesday, August 4th.

On average, analysts expect that Fair Isaac will report full year sales of $1.34 billion for the current fiscal year, with estimates ranging from $1.31 billion to $1.35 billion. For the next year, analysts anticipate that the company will post sales of $1.46 billion, with estimates ranging from $1.43 billion to $1.49 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Fair Isaac.

Fair Isaac (NYSE:FICO) last posted its earnings results on Wednesday, May 5th. The technology company reported $3.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.90 by $1.16. Fair Isaac had a return on equity of 96.79% and a net margin of 20.90%. The firm had revenue of $331.40 million for the quarter, compared to analysts’ expectations of $322.39 million. During the same period in the previous year, the firm earned $2.14 earnings per share. The business’s revenue was up 7.6% compared to the same quarter last year.

Several equities research analysts recently weighed in on the company. Zacks Investment Research raised Fair Isaac from a “hold” rating to a “buy” rating and set a $543.00 price target on the stock in a research note on Tuesday, March 30th. Barclays upped their price target on Fair Isaac from $565.00 to $570.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 28th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Fair Isaac currently has a consensus rating of “Buy” and a consensus price target of $537.71.

Shares of FICO traded up $5.23 during mid-day trading on Friday, hitting $496.42. 90,968 shares of the company’s stock traded hands, compared to its average volume of 204,569. The stock has a market cap of $14.29 billion, a price-to-earnings ratio of 53.00 and a beta of 1.26. The business has a 50-day simple moving average of $507.04. Fair Isaac has a 1 year low of $380.00 and a 1 year high of $547.57. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 3.31.

In other Fair Isaac news, EVP James M. Wehmann sold 12,928 shares of the stock in a transaction dated Tuesday, March 30th. The stock was sold at an average price of $482.82, for a total value of $6,241,896.96. Following the transaction, the executive vice president now owns 50,133 shares of the company’s stock, valued at $24,205,215.06. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP James M. Wehmann sold 15,000 shares of the stock in a transaction dated Tuesday, March 16th. The shares were sold at an average price of $485.58, for a total value of $7,283,700.00. Following the completion of the transaction, the executive vice president now directly owns 80,033 shares in the company, valued at approximately $38,862,424.14. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,508 shares of company stock worth $22,954,317. Corporate insiders own 3.27% of the company’s stock.

A number of hedge funds have recently bought and sold shares of FICO. Carroll Financial Associates Inc. purchased a new stake in Fair Isaac in the first quarter worth about $26,000. Total Clarity Wealth Management Inc. purchased a new stake in Fair Isaac in the first quarter worth about $27,000. Carmichael Hill & Associates Inc. increased its position in Fair Isaac by 50.0% in the first quarter. Carmichael Hill & Associates Inc. now owns 75 shares of the technology company’s stock worth $36,000 after buying an additional 25 shares in the last quarter. First Horizon Advisors Inc. increased its position in Fair Isaac by 31.2% in the fourth quarter. First Horizon Advisors Inc. now owns 101 shares of the technology company’s stock worth $51,000 after buying an additional 24 shares in the last quarter. Finally, Parallel Advisors LLC increased its position in Fair Isaac by 33.7% in the fourth quarter. Parallel Advisors LLC now owns 115 shares of the technology company’s stock worth $59,000 after buying an additional 29 shares in the last quarter. 87.10% of the stock is currently owned by institutional investors.

About Fair Isaac

Fair Isaac Corporation develops analytic, software, and data management products and services that enable businesses to automate, enhance, and connect decisions in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company offers analytical solutions, credit scoring, and credit account management products and services to banks, credit reporting agencies, credit card processing agencies, insurers, retailers, healthcare organizations, and public agencies.

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