Financial Engines (FNGN) Releases Quarterly Earnings Results

Share on StockTwits

Financial Engines (NASDAQ:FNGN) posted its quarterly earnings results on Thursday. The company reported $0.25 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.22 by $0.03, AR Network reports. The company had revenue of $69.80 million for the quarter, compared to the consensus estimate of $69.68 million. During the same quarter last year, the company posted $0.16 earnings per share. Financial Engines’s revenue was up 20.8% compared to the same quarter last year.

A number of analysts have recently weighed in on FNGN shares. Analysts at Raymond James upgraded shares of Financial Engines from an “underperform” rating to a “market perform” rating in a research note on Wednesday. Finally, analysts at TheStreet downgraded shares of Financial Engines from a “buy” rating to a “hold” rating in a research note on Thursday, May 22nd. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $56.00.

Shares of Financial Engines (NASDAQ:FNGN) traded down 3.47% on Thursday, hitting $38.95. 820,330 shares of the company’s stock traded hands. Financial Engines has a 52-week low of $36.47 and a 52-week high of $71.08. The stock’s 50-day moving average is $42.35 and its 200-day moving average is $49.51. The company has a market cap of $2.004 billion and a price-to-earnings ratio of 67.36.

Financial Engines, Inc (NASDAQ:FNGN) is a provider of portfolio management services, investment advice and retirement income services to participants in employer-sponsored defined contribution plans, such as 401(k) plans.

Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.

Latest News

RBC Capital Raises Western Digital Corp Price Target to $107.00
RBC Capital Raises Western Digital Corp Price Target to $107.00
WidePoint Raised to Neutral at Zacks
WidePoint Raised to Neutral at Zacks
Scotiabank Reiterates “Sector Perform” Rating for Osisko Mining Corp
Scotiabank Reiterates “Sector Perform” Rating for Osisko Mining Corp
Uni-Select Rating Reiterated by Scotiabank
Uni-Select Rating Reiterated by Scotiabank
WestJet Airlines Price Target Increased to C$40.00 by Analysts at Paradigm Capital
WestJet Airlines Price Target Increased to C$40.00 by Analysts at Paradigm Capital
Northern Blizzard Resources  – Analysts’ Weekly Ratings Changes
Northern Blizzard Resources – Analysts’ Weekly Ratings Changes


Leave a Reply

 
© 2006-2014 Mideast Time.