Equities analysts expect Fair Isaac Co. (NYSE:FICO) to post $335.10 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Fair Isaac’s earnings, with the highest sales estimate coming in at $345.36 million and the lowest estimate coming in at $317.65 million. Fair Isaac posted sales of $313.73 million in the same quarter last year, which suggests a positive year-over-year growth rate of 6.8%. The business is expected to report its next quarterly earnings results on Wednesday, August 4th.
According to Zacks, analysts expect that Fair Isaac will report full-year sales of $1.34 billion for the current year, with estimates ranging from $1.31 billion to $1.35 billion. For the next fiscal year, analysts forecast that the company will report sales of $1.46 billion, with estimates ranging from $1.43 billion to $1.49 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Fair Isaac.
Fair Isaac (NYSE:FICO) last posted its earnings results on Wednesday, May 5th. The technology company reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $1.16. Fair Isaac had a return on equity of 96.79% and a net margin of 20.90%. The company had revenue of $331.40 million for the quarter, compared to the consensus estimate of $322.39 million. During the same quarter in the prior year, the company earned $2.14 earnings per share. Fair Isaac’s revenue was up 7.6% on a year-over-year basis.
FICO stock traded up $5.23 during trading on Friday, reaching $496.42. The stock had a trading volume of 90,968 shares, compared to its average volume of 204,569. Fair Isaac has a 52 week low of $380.00 and a 52 week high of $547.57. The firm’s 50 day moving average is $507.04. The company has a debt-to-equity ratio of 3.31, a quick ratio of 1.10 and a current ratio of 1.10. The company has a market capitalization of $14.29 billion, a price-to-earnings ratio of 53.00 and a beta of 1.26.
In other Fair Isaac news, Director James Kirsner sold 4,580 shares of the company’s stock in a transaction dated Thursday, May 20th. The stock was sold at an average price of $503.88, for a total value of $2,307,770.40. Following the completion of the sale, the director now owns 4,580 shares in the company, valued at $2,307,770.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP James M. Wehmann sold 15,000 shares of the stock in a transaction dated Tuesday, March 16th. The stock was sold at an average price of $485.58, for a total value of $7,283,700.00. Following the sale, the executive vice president now owns 80,033 shares of the company’s stock, valued at approximately $38,862,424.14. The disclosure for this sale can be found here. In the last 90 days, insiders sold 47,508 shares of company stock valued at $22,954,317. Company insiders own 3.27% of the company’s stock.
Several large investors have recently added to or reduced their stakes in FICO. Carroll Financial Associates Inc. purchased a new stake in shares of Fair Isaac during the first quarter worth about $26,000. Total Clarity Wealth Management Inc. purchased a new stake in shares of Fair Isaac during the first quarter worth about $27,000. Carmichael Hill & Associates Inc. grew its holdings in Fair Isaac by 50.0% during the 1st quarter. Carmichael Hill & Associates Inc. now owns 75 shares of the technology company’s stock valued at $36,000 after buying an additional 25 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in Fair Isaac by 31.2% during the 4th quarter. First Horizon Advisors Inc. now owns 101 shares of the technology company’s stock valued at $51,000 after buying an additional 24 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in Fair Isaac by 33.7% during the 4th quarter. Parallel Advisors LLC now owns 115 shares of the technology company’s stock valued at $59,000 after buying an additional 29 shares in the last quarter. Hedge funds and other institutional investors own 87.10% of the company’s stock.
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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