Financial Engines (FNGN) Releases Quarterly Earnings Results

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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.

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