FactSet Research Systems (NYSE:FDS) Updates FY25 Earnings Guidance

17 Nov 2024, 07:38 by Doug Wharley · The Cerbat Gem

FactSet Research Systems (NYSE:FDS – Get Free Report) issued an update on its FY25 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $16.80-17.40 for the period, compared to the consensus estimate of $17.18. FactSet Research Systems also updated its FY 2025 guidance to 16.800-17.400 EPS.

FactSet Research Systems Price Performance

Shares of FDS stock opened at $483.90 on Friday. The stock’s 50-day moving average is $461.60 and its 200 day moving average is $433.69. FactSet Research Systems has a 1-year low of $391.84 and a 1-year high of $499.87. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market cap of $18.38 billion, a P/E ratio of 34.81, a PEG ratio of 3.20 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS – Get Free Report) last released its quarterly earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share for the quarter, beating analysts’ consensus estimates of $3.62 by $0.12. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The business had revenue of $562.20 million for the quarter, compared to analysts’ expectations of $547.06 million. During the same period last year, the business earned $2.93 EPS. The company’s revenue was up 4.9% compared to the same quarter last year. Research analysts predict that FactSet Research Systems will post 17.2 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 29th will be given a $1.04 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.86%. FactSet Research Systems’s payout ratio is 29.93%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. BMO Capital Markets increased their price target on FactSet Research Systems from $471.00 to $521.00 and gave the company a “market perform” rating in a research note on Friday. Royal Bank of Canada reissued a “sector perform” rating and set a $503.00 target price on shares of FactSet Research Systems in a research report on Friday. Wells Fargo & Company raised their price target on shares of FactSet Research Systems from $435.00 to $503.00 and gave the stock an “equal weight” rating in a report on Friday, September 20th. UBS Group boosted their price objective on shares of FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a report on Friday. Finally, Evercore ISI started coverage on FactSet Research Systems in a research note on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 target price for the company. Five equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, FactSet Research Systems presently has an average rating of “Hold” and an average price target of $450.00.

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Insider Activity at FactSet Research Systems

In other news, Director James J. Mcgonigle sold 5,410 shares of the firm’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $456.83, for a total transaction of $2,471,450.30. Following the sale, the director now directly owns 5,283 shares in the company, valued at $2,413,432.89. This trade represents a 50.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $416.59, for a total value of $1,249,770.00. Following the completion of the transaction, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at $5,380,259.85. The trade was a 18.85 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,984 shares of company stock worth $12,230,877. 1.10% of the stock is owned by corporate insiders.

FactSet Research Systems Company Profile

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