FactSet Research Systems (FDS) Set to Announce Quarterly Earnings on Thursday

FactSet Research Systems (NYSE:FDS) is scheduled to issue its quarterly earnings data before the market opens on Thursday, September 19th. Analysts expect the company to announce earnings of $3.61 per share for the quarter. FactSet Research Systems has set its FY 2024 guidance at 16.000-16.400 EPS and its FY24 guidance at $16.00-16.40 EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings results on Friday, June 21st. The business services provider reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $3.91 by $0.46. The company had revenue of $552.70 million for the quarter, compared to analyst estimates of $552.71 million. FactSet Research Systems had a net margin of 23.56% and a return on equity of 34.48%. FactSet Research Systems’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.79 earnings per share. On average, analysts expect FactSet Research Systems to post $16 EPS for the current fiscal year and $17 EPS for the next fiscal year.

FactSet Research Systems Trading Down 1.2 %

Shares of FDS stock opened at $448.38 on Wednesday. The stock has a 50-day moving average of $418.42 and a 200-day moving average of $428.25. FactSet Research Systems has a 1-year low of $391.84 and a 1-year high of $488.64. The stock has a market cap of $17.06 billion, a price-to-earnings ratio of 33.81, a PEG ratio of 2.64 and a beta of 0.75. The company has a current ratio of 1.28, a quick ratio of 1.79 and a debt-to-equity ratio of 0.66.

FactSet Research Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Friday, August 30th will be paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date is Friday, August 30th. FactSet Research Systems’s dividend payout ratio is currently 31.37%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Wells Fargo & Company raised FactSet Research Systems to a “hold” rating in a research note on Tuesday, August 13th. Morgan Stanley increased their target price on shares of FactSet Research Systems from $350.00 to $355.00 and gave the stock an “underweight” rating in a research note on Monday, June 24th. Bank of America cut shares of FactSet Research Systems from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $500.00 to $407.00 in a report on Thursday, May 30th. Royal Bank of Canada reissued a “sector perform” rating and set a $464.00 price objective on shares of FactSet Research Systems in a research report on Monday, June 24th. Finally, Jefferies Financial Group decreased their target price on FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating for the company in a research report on Wednesday, June 5th. Four equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $432.27.

Insider Activity at FactSet Research Systems

In related news, Director Robin Ann Abrams sold 2,375 shares of the business’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $420.71, for a total transaction of $999,186.25. Following the transaction, the director now directly owns 9,193 shares in the company, valued at $3,867,587.03. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Robin Ann Abrams sold 2,375 shares of FactSet Research Systems stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $420.71, for a total transaction of $999,186.25. Following the sale, the director now directly owns 9,193 shares in the company, valued at $3,867,587.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Katherine M. Stepp sold 1,057 shares of the company’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $428.42, for a total value of $452,839.94. Following the completion of the transaction, the chief technology officer now owns 687 shares of the company’s stock, valued at approximately $294,324.54. The disclosure for this sale can be found here. In the last three months, insiders sold 12,432 shares of company stock valued at $5,166,986. 1.00% of the stock is owned by insiders.

About FactSet Research Systems

FactSet Research Systems Inc, a financial data company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth.