Analysts expect Financial Engines (NASDAQ:FNGN) to report $127.17 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Financial Engines’ earnings, with the lowest sales estimate coming in at $125.94 million and the highest estimate coming in at $128.00 million. Financial Engines reported sales of $118.47 million during the same quarter last year, which indicates a positive year over year growth rate of 7.3%. The firm is expected to issue its next earnings results on Tuesday, August 14th.
According to Zacks, analysts expect that Financial Engines will report full year sales of $514.17 million for the current fiscal year, with estimates ranging from $509.85 million to $517.90 million. For the next fiscal year, analysts forecast that the company will post sales of $561.08 million per share, with estimates ranging from $541.00 million to $588.80 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Financial Engines.
Financial Engines (NASDAQ:FNGN) last released its earnings results on Wednesday, May 9th. The asset manager reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.04. Financial Engines had a net margin of 10.53% and a return on equity of 8.80%. The company had revenue of $127.80 million for the quarter, compared to analysts’ expectations of $126.28 million. During the same quarter last year, the business earned $0.33 EPS. The firm’s revenue was up 12.0% compared to the same quarter last year.
FNGN has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Financial Engines from a “hold” rating to a “strong-buy” rating and set a $34.00 price objective for the company in a research note on Friday, January 19th. ValuEngine lowered shares of Financial Engines from a “hold” rating to a “sell” rating in a research note on Tuesday, February 13th. William Blair raised shares of Financial Engines from a “market perform” rating to an “outperform” rating in a research note on Friday, February 23rd. They noted that the move was a valuation call. BidaskClub raised shares of Financial Engines from a “hold” rating to a “buy” rating in a research note on Saturday, February 24th. Finally, TheStreet raised shares of Financial Engines from a “c+” rating to a “b-” rating in a research note on Wednesday, March 14th. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $37.50.
Shares of Financial Engines traded up $0.08, reaching $44.63, on Tuesday, MarketBeat.com reports. The company’s stock had a trading volume of 254,362 shares, compared to its average volume of 626,084. Financial Engines has a 1 year low of $44.65 and a 1 year high of $44.70. The firm has a market cap of $2.84 billion, a PE ratio of 43.33, a price-to-earnings-growth ratio of 2.50 and a beta of 1.47.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 6th. Shareholders of record on Friday, June 22nd will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.72%. The ex-dividend date is Thursday, June 21st. Financial Engines’s payout ratio is 31.07%.
In other news, EVP Christopher L. Jones sold 14,663 shares of Financial Engines stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $34.30, for a total transaction of $502,940.90. Following the completion of the sale, the executive vice president now directly owns 62,289 shares in the company, valued at $2,136,512.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO John Bunch sold 5,000 shares of Financial Engines stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $35.00, for a total value of $175,000.00. Following the sale, the chief operating officer now owns 15,586 shares of the company’s stock, valued at $545,510. The disclosure for this sale can be found here. Insiders have sold 33,582 shares of company stock valued at $1,259,166 over the last ninety days. 3.00% of the stock is owned by insiders.
Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of Financial Engines by 4.6% during the fourth quarter. BlackRock Inc. now owns 7,864,859 shares of the asset manager’s stock worth $238,305,000 after purchasing an additional 346,489 shares during the last quarter. ArrowMark Colorado Holdings LLC raised its holdings in shares of Financial Engines by 49.8% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 3,614,796 shares of the asset manager’s stock valued at $109,528,000 after acquiring an additional 1,201,040 shares in the last quarter. Champlain Investment Partners LLC raised its holdings in shares of Financial Engines by 6.5% in the first quarter. Champlain Investment Partners LLC now owns 2,718,785 shares of the asset manager’s stock valued at $95,157,000 after acquiring an additional 164,760 shares in the last quarter. Villere ST Denis J & Co. LLC raised its holdings in shares of Financial Engines by 8.8% in the first quarter. Villere ST Denis J & Co. LLC now owns 2,557,174 shares of the asset manager’s stock valued at $89,501,000 after acquiring an additional 206,914 shares in the last quarter. Finally, Clearbridge Investments LLC raised its holdings in shares of Financial Engines by 0.3% in the fourth quarter. Clearbridge Investments LLC now owns 1,882,582 shares of the asset manager’s stock valued at $57,042,000 after acquiring an additional 5,362 shares in the last quarter.
Financial Engines Company Profile
Financial Engines, Inc provides independent technology-enabled financial advisory, discretionary portfolio management, personalized investment advice, financial and retirement income planning, and financial education and guidance services in the United States. It assists individuals to develop a strategy to reach financial goals by offering a set of services, including personalized plans for saving and investing, assessments of retirement income, and the option to meet face-to-face with a financial advisor.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Financial Engines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Financial Engines and related companies with MarketBeat.com's FREE daily email newsletter.