Headlines about Financial Engines (NASDAQ:FNGN) have been trending somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Financial Engines earned a daily sentiment score of 0.20 on Accern’s scale. Accern also gave news articles about the asset manager an impact score of 45.5239671583979 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- Financial Engines, Inc. (FNGN) EVP Lewis Antone, Jr. Sells 269 Shares (americanbankingnews.com)
- Brokers Issue Forecasts for Financial Engines, Inc.’s Q4 2017 Earnings (NASDAQ:FNGN) (americanbankingnews.com)
- Q3 2017 EPS Estimates for Financial Engines, Inc. Reduced by Analyst (FNGN) (americanbankingnews.com)
- See what the IHS Markit Score report has to say about Financial Engines Inc. (finance.yahoo.com)
- Financial Engines, Inc. breached its 50 day moving average in a Bearish Manner : FNGN-US : August 10, 2017 (finance.yahoo.com)
A number of brokerages have recently commented on FNGN. Zacks Investment Research cut Financial Engines from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. TheStreet raised Financial Engines from a “c+” rating to a “b-” rating in a research note on Thursday, April 27th. DA Davidson assumed coverage on Financial Engines in a research note on Wednesday, June 21st. They set a “buy” rating and a $44.00 target price for the company. BidaskClub cut shares of Financial Engines from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 1st. Finally, Sidoti assumed coverage on shares of Financial Engines in a research note on Monday, July 10th. They set a “buy” rating for the company. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $44.33.
Shares of Financial Engines (NASDAQ:FNGN) remained flat at $34.30 during midday trading on Friday. 754,052 shares of the company’s stock were exchanged. The company’s 50 day moving average is $37.26 and its 200-day moving average is $39.67. Financial Engines has a 12-month low of $25.00 and a 12-month high of $45.75. The firm has a market cap of $2.17 billion, a PE ratio of 52.77 and a beta of 2.22.
Financial Engines (NASDAQ:FNGN) last posted its earnings results on Tuesday, August 8th. The asset manager reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by $0.02. The firm had revenue of $118.47 million during the quarter, compared to analysts’ expectations of $119.94 million. Financial Engines had a return on equity of 7.31% and a net margin of 8.98%. Financial Engines’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.28 earnings per share. Equities research analysts anticipate that Financial Engines will post $1.37 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 20th will be paid a dividend of $0.07 per share. The ex-dividend date is Tuesday, September 19th. This represents a $0.28 annualized dividend and a yield of 0.82%. Financial Engines’s payout ratio is currently 43.75%.
In other Financial Engines news, Director E. Olena Berg-Lacy sold 2,000 shares of the company’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $39.68, for a total transaction of $79,360.00. Following the completion of the sale, the director now owns 14,851 shares in the company, valued at $589,287.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Lewis Antone, Jr. sold 788 shares of the company’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $41.00, for a total value of $32,308.00. Following the sale, the executive vice president now owns 4,294 shares of the company’s stock, valued at approximately $176,054. The disclosure for this sale can be found here. Insiders have sold 29,503 shares of company stock worth $1,142,964 over the last three months. 15.97% of the stock is currently owned by insiders.
About Financial Engines
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.
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