Financial Engines, Inc. (NASDAQ:FNGN) to Post Q3 2017 Earnings of $0.26 Per Share, William Blair Forecasts

Financial Engines, Inc. (NASDAQ:FNGN) – Equities researchers at William Blair raised their Q3 2017 EPS estimates for shares of Financial Engines in a research report issued to clients and investors on Monday. William Blair analyst R. Napoli now anticipates that the asset manager will post earnings of $0.26 per share for the quarter, up from their previous estimate of $0.25.

A number of other research analysts also recently weighed in on the company. Zacks Investment Research raised Financial Engines from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research note on Tuesday, April 25th. TheStreet raised Financial Engines from a “c+” rating to a “b-” rating in a research note on Thursday, April 27th. DA Davidson started coverage on Financial Engines in a research note on Wednesday, June 21st. They issued a “buy” rating and a $44.00 price objective on the stock. BidaskClub downgraded Financial Engines from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 1st. Finally, Sidoti started coverage on Financial Engines in a research note on Monday, July 10th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. Financial Engines presently has an average rating of “Buy” and an average target price of $44.33.

Shares of Financial Engines (NASDAQ:FNGN) opened at 38.50 on Thursday. The firm has a market cap of $2.42 billion, a PE ratio of 65.48 and a beta of 2.21. Financial Engines has a 12-month low of $25.00 and a 12-month high of $45.75. The firm’s 50-day moving average is $37.76 and its 200-day moving average is $39.68.

Financial Engines (NASDAQ:FNGN) last released its quarterly earnings data on Thursday, May 4th. The asset manager reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. Financial Engines had a net margin of 8.39% and a return on equity of 7.24%. The company had revenue of $114.10 million for the quarter, compared to analysts’ expectations of $115.78 million. During the same quarter last year, the company earned $0.24 earnings per share. The firm’s revenue for the quarter was up 23.9% on a year-over-year basis.

A number of hedge funds have recently made changes to their positions in the stock. Strs Ohio raised its stake in shares of Financial Engines by 109.1% in the first quarter. Strs Ohio now owns 2,300 shares of the asset manager’s stock valued at $100,000 after buying an additional 1,200 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Financial Engines by 13.4% in the first quarter. Victory Capital Management Inc. now owns 2,619 shares of the asset manager’s stock valued at $114,000 after buying an additional 310 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new position in shares of Financial Engines during the first quarter valued at about $201,000. First Citizens Bank & Trust Co. acquired a new position in shares of Financial Engines during the first quarter valued at about $206,000. Finally, Blueport Capital L.P. increased its position in shares of Financial Engines by 7.5% in the first quarter. Blueport Capital L.P. now owns 5,381 shares of the asset manager’s stock valued at $234,000 after buying an additional 375 shares during the last quarter.

In other news, EVP Michael Jerome Campbell sold 2,000 shares of Financial Engines stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $37.55, for a total transaction of $75,100.00. Following the sale, the executive vice president now owns 41,020 shares of the company’s stock, valued at approximately $1,540,301. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Christopher L. Jones sold 5,120 shares of Financial Engines stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $38.45, for a total value of $196,864.00. Following the sale, the executive vice president now directly owns 60,089 shares in the company, valued at approximately $2,310,422.05. The disclosure for this sale can be found here. Insiders sold a total of 128,614 shares of company stock worth $5,239,138 in the last ninety days. Insiders own 15.97% of the company’s stock.

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 6th. Shareholders of record on Wednesday, June 14th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date was Monday, June 12th. Financial Engines’s dividend payout ratio (DPR) is currently 48.28%.

Financial Engines Company Profile

Financial Engines, Inc is a provider of independent, technology-enabled financial advisory services, discretionary portfolio management, personalized investment advice, financial and retirement income planning, and financial education and guidance. The Company offers personalized plans for saving, investing, and generating retirement income, as well as by providing assessments of retirement income needs and readiness.