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

FactSet Research Systems (NYSE:FDS) is scheduled to announce its earnings results 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.Persons 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 data on Friday, June 21st. The business services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $3.91 by $0.46. FactSet Research Systems had a net margin of 23.56% and a return on equity of 34.48%. The firm had revenue of $552.70 million for the quarter, compared to the consensus estimate of $552.71 million. During the same period last year, the firm posted $3.79 EPS. FactSet Research Systems’s quarterly revenue was up 4.3% compared to the same quarter last year. 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 Stock Up 1.9 %

NYSE FDS opened at $453.98 on Tuesday. The company’s 50 day simple moving average is $418.42 and its 200 day simple moving average is $428.25. FactSet Research Systems has a 12 month low of $391.84 and a 12 month high of $488.64. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.28 and a quick ratio of 1.79. The company has a market capitalization of $17.27 billion, a P/E ratio of 34.24, a PEG ratio of 2.64 and a beta of 0.75.

FactSet Research Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Friday, August 30th will be issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date is Friday, August 30th. FactSet Research Systems’s dividend payout ratio (DPR) is 31.37%.

Insider Buying and Selling at FactSet Research Systems

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

Wall Street Analyst Weigh In

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

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.