Equities Analysts Set Expectations for NICE Ltd.’s Q3 2024 Earnings (NASDAQ:NICE)

NICE Ltd. (NASDAQ:NICE) – Stock analysts at William Blair raised their Q3 2024 earnings per share estimates for NICE in a report released on Wednesday, June 12th. William Blair analyst A. Bhatia now forecasts that the technology company will post earnings per share of $2.05 for the quarter, up from their previous forecast of $2.03. William Blair has a “Outperform” rating on the stock. The consensus estimate for NICE’s current full-year earnings is $8.40 per share. William Blair also issued estimates for NICE’s Q2 2025 earnings at $2.48 EPS, Q3 2025 earnings at $2.62 EPS and Q4 2025 earnings at $2.77 EPS.

NICE (NASDAQ:NICE) last released its quarterly earnings data on Thursday, May 16th. The technology company reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.13. NICE had a return on equity of 14.05% and a net margin of 14.92%. The business had revenue of $659.31 million for the quarter, compared to analyst estimates of $654.81 million.

NICE has been the topic of a number of other reports. Royal Bank of Canada cut their price target on NICE from $265.00 to $230.00 and set an “outperform” rating on the stock in a research note on Wednesday. Northland Securities reissued an “outperform” rating and set a $305.00 price target on shares of NICE in a research note on Thursday. Citigroup lifted their price target on NICE from $339.00 to $346.00 and gave the company a “buy” rating in a research note on Wednesday. StockNews.com lowered NICE from a “strong-buy” rating to a “buy” rating in a research note on Friday. Finally, Oppenheimer lifted their price objective on NICE from $225.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Fifteen analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $276.62.

NICE Stock Performance

Shares of NICE stock opened at $167.90 on Friday. The business’s 50-day moving average price is $208.17 and its 200-day moving average price is $216.57. NICE has a 12 month low of $149.54 and a 12 month high of $270.73. The firm has a market capitalization of $10.56 billion, a price-to-earnings ratio of 30.31, a PEG ratio of 1.36 and a beta of 1.03. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 0.13.

Institutional Investors Weigh In On NICE

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC boosted its position in shares of NICE by 13.1% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 2,025 shares of the technology company’s stock valued at $344,000 after buying an additional 234 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new position in shares of NICE during the third quarter valued at approximately $471,000. Black Creek Investment Management Inc. boosted its position in shares of NICE by 22.0% during the third quarter. Black Creek Investment Management Inc. now owns 1,144,309 shares of the technology company’s stock valued at $194,533,000 after buying an additional 206,551 shares during the last quarter. Aigen Investment Management LP boosted its position in shares of NICE by 187.5% during the third quarter. Aigen Investment Management LP now owns 5,201 shares of the technology company’s stock valued at $884,000 after buying an additional 3,392 shares during the last quarter. Finally, CenterBook Partners LP boosted its position in shares of NICE by 156.6% during the third quarter. CenterBook Partners LP now owns 5,695 shares of the technology company’s stock valued at $968,000 after buying an additional 3,476 shares during the last quarter. Institutional investors own 63.34% of the company’s stock.

NICE Company Profile

NICE Ltd., together with its subsidiaries, provides cloud platforms for AI-driven digital business solutions worldwide. It offers CXone, a cloud native open platform; Enlighten, an AI engine for the customer engagement market; and smart self service enable organizations to address consumers' needs; and journey orchestration solutions that empower organizations to connect and route customers to deal with the customer's request, and connects them using real time AI-based routing.