FactSet Research Systems Inc. (FDS) Expected to Announce Earnings of $1.84 Per Share

Wall Street brokerages expect FactSet Research Systems Inc. (NYSE:FDS) to announce earnings per share (EPS) of $1.84 for the current quarter, Zacks reports. Six analysts have provided estimates for FactSet Research Systems’ earnings, with the lowest EPS estimate coming in at $1.83 and the highest estimate coming in at $1.84. FactSet Research Systems posted earnings of $1.64 per share during the same quarter last year, which would indicate a positive year over year growth rate of 12.2%. The firm is expected to announce its next quarterly earnings results before the market opens on Tuesday, June 27th.

On average, analysts expect that FactSet Research Systems will report full year earnings of $7.29 per share for the current financial year, with EPS estimates ranging from $7.27 to $7.32. For the next year, analysts forecast that the company will post earnings of $8.01 per share, with EPS estimates ranging from $7.89 to $8.16. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that follow FactSet Research Systems.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Tuesday, March 28th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.01. The business had revenue of $294.40 million for the quarter, compared to the consensus estimate of $296.04 million. FactSet Research Systems had a return on equity of 54.23% and a net margin of 29.76%. FactSet Research Systems’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.63 earnings per share.

Several equities research analysts have commented on the stock. Deutsche Bank AG assumed coverage on shares of FactSet Research Systems in a research note on Wednesday, May 10th. They issued a “hold” rating and a $160.00 price objective for the company. Zacks Investment Research upgraded shares of FactSet Research Systems from a “hold” rating to a “buy” rating and set a $198.00 price objective for the company in a research note on Tuesday, March 14th. BidaskClub lowered shares of FactSet Research Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. Credit Suisse Group increased their price objective on shares of FactSet Research Systems from $179.00 to $185.00 and gave the company an “outperform” rating in a research note on Wednesday, March 29th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $163.00 price objective on shares of FactSet Research Systems in a research note on Tuesday, April 25th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $168.30.

In other news, EVP Scott G. Miller sold 17,074 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $165.78, for a total transaction of $2,830,527.72. Following the completion of the sale, the executive vice president now owns 15,045 shares in the company, valued at approximately $2,494,160.10. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Joseph E. Laird, Jr. sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, April 17th. The stock was sold at an average price of $160.00, for a total transaction of $160,000.00. Following the sale, the director now owns 10,000 shares of the company’s stock, valued at approximately $1,600,000. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,074 shares of company stock valued at $3,156,528. Company insiders own 2.70% of the company’s stock.

Several large investors have recently modified their holdings of FDS. SRS Capital Advisors Inc. raised its stake in shares of FactSet Research Systems by 17.4% in the first quarter. SRS Capital Advisors Inc. now owns 891 shares of the business services provider’s stock valued at $147,000 after buying an additional 132 shares during the last quarter. Harfst & Associates Inc. bought a new stake in shares of FactSet Research Systems during the first quarter valued at about $199,000. Penobscot Investment Management Company Inc. raised its stake in shares of FactSet Research Systems by 2.7% in the first quarter. Penobscot Investment Management Company Inc. now owns 1,270 shares of the business services provider’s stock valued at $209,000 after buying an additional 33 shares during the last quarter. Suntrust Banks Inc. raised its stake in shares of FactSet Research Systems by 4.0% in the first quarter. Suntrust Banks Inc. now owns 1,313 shares of the business services provider’s stock valued at $215,000 after buying an additional 50 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of FactSet Research Systems during the first quarter valued at about $238,000. Institutional investors own 94.58% of the company’s stock.

FactSet Research Systems (FDS) traded up 0.41% during mid-day trading on Monday, hitting $166.77. The company had a trading volume of 550,956 shares. The firm has a market capitalization of $6.58 billion, a PE ratio of 19.59 and a beta of 0.85. The company’s 50 day moving average price is $163.72 and its 200-day moving average price is $168.57. FactSet Research Systems has a 12-month low of $149.39 and a 12-month high of $183.64.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 20th. Shareholders of record on Wednesday, May 31st were paid a $0.56 dividend. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, May 26th. This represents a $2.24 annualized dividend and a yield of 1.34%. FactSet Research Systems’s dividend payout ratio (DPR) is 26.32%.

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About FactSet Research Systems

Factset Research Systems Inc is engaged in providing integrated financial information and big data analytical applications for the global investment community. The Company’s segments include the U.S., Europe and Asia Pacific. The U.S. segment services finance professionals, including financial institutions throughout the Americas.

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