Analysts Anticipate Financial Engines Inc (FNGN) Will Post Earnings of $0.44 Per Share

Brokerages expect Financial Engines Inc (NASDAQ:FNGN) to announce earnings of $0.44 per share for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Financial Engines’ earnings. The highest EPS estimate is $0.46 and the lowest is $0.41. Financial Engines reported earnings of $0.32 per share in the same quarter last year, which would suggest a positive year over year growth rate of 37.5%. The firm is expected to announce its next quarterly earnings report on Tuesday, August 14th.

According to Zacks, analysts expect that Financial Engines will report full-year earnings of $1.83 per share for the current fiscal year, with EPS estimates ranging from $1.80 to $1.86. For the next fiscal year, analysts forecast that the company will report earnings of $2.08 per share, with EPS estimates ranging from $2.05 to $2.15. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Financial Engines.

Financial Engines (NASDAQ:FNGN) last announced its earnings results on Wednesday, May 9th. The asset manager reported $0.47 EPS for the quarter, beating the consensus estimate of $0.43 by $0.04. The company had revenue of $127.80 million for the quarter, compared to analyst estimates of $126.28 million. Financial Engines had a return on equity of 8.80% and a net margin of 10.53%. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.33 EPS.



Several research analysts have issued reports on FNGN shares. Zacks Investment Research lowered Financial Engines from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 25th. BidaskClub lowered Financial Engines from a “buy” rating to a “hold” rating in a report on Wednesday, June 13th. TheStreet upgraded Financial Engines from a “c+” rating to a “b-” rating in a report on Wednesday, March 14th. Jefferies Financial Group lowered Financial Engines from a “buy” rating to a “hold” rating in a report on Tuesday, May 1st. Finally, William Blair upgraded Financial Engines from a “market perform” rating to an “outperform” rating in a report on Friday, February 23rd. They noted that the move was a valuation call. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $41.50.

Shares of Financial Engines opened at $44.85 on Friday, MarketBeat Ratings reports. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of 38.75, a PEG ratio of 2.51 and a beta of 1.42. Financial Engines has a 52-week low of $24.45 and a 52-week high of $44.95.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 6th. Stockholders of record on Friday, June 22nd will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Thursday, June 21st. Financial Engines’s dividend payout ratio (DPR) is presently 31.07%.

In other news, COO John Bunch sold 10,000 shares of the stock in a transaction that occurred on Monday, April 30th. The stock was sold at an average price of $44.40, for a total value of $444,000.00. Following the completion of the sale, the chief operating officer now directly owns 28,754 shares of the company’s stock, valued at $1,276,677.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Joseph Grundfest sold 27,250 shares of the stock in a transaction that occurred on Friday, June 8th. The stock was sold at an average price of $44.82, for a total value of $1,221,345.00. Following the completion of the sale, the director now directly owns 26,290 shares of the company’s stock, valued at $1,178,317.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 37,704 shares of company stock valued at $1,680,100. Company insiders own 3.00% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Blueport Capital L.P. raised its stake in shares of Financial Engines by 12.3% in the first quarter. Blueport Capital L.P. now owns 10,377 shares of the asset manager’s stock worth $363,000 after purchasing an additional 1,133 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its position in shares of Financial Engines by 5.4% during the first quarter. Municipal Employees Retirement System of Michigan now owns 25,190 shares of the asset manager’s stock valued at $882,000 after acquiring an additional 1,290 shares during the last quarter. Diversified Trust Co increased its position in shares of Financial Engines by 25.5% during the first quarter. Diversified Trust Co now owns 9,350 shares of the asset manager’s stock valued at $327,000 after acquiring an additional 1,900 shares during the last quarter. Rhumbline Advisers increased its position in shares of Financial Engines by 1.4% during the first quarter. Rhumbline Advisers now owns 142,823 shares of the asset manager’s stock valued at $4,999,000 after acquiring an additional 1,996 shares during the last quarter. Finally, Profund Advisors LLC increased its position in shares of Financial Engines by 19.7% during the first quarter. Profund Advisors LLC now owns 12,467 shares of the asset manager’s stock valued at $436,000 after acquiring an additional 2,056 shares during the last quarter.

About Financial Engines

Financial Engines, Inc provides independent technology-enabled financial advisory, discretionary portfolio management, personalized investment advice, financial and retirement income planning, and financial education and guidance services in the United States. It assists individuals to develop a strategy to reach financial goals by offering a set of services, including personalized plans for saving and investing, assessments of retirement income, and the option to meet face-to-face with a financial advisor.

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Earnings History and Estimates for Financial Engines (NASDAQ:FNGN)

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