Financial Engines Inc (FNGN) reported quarterly earnings results on Tuesday, May-10-2016. The company said it had a profit of $0.24 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.23. The company posted revenue of $92.06 million in the period, compared to analysts expectations of $90.86 million. The company’s revenue was up 22.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS.
Many Wall Street Analysts have commented on Financial Engines Inc. Northland Capital Initiated Financial Engines Inc on Mar 15, 2016 to “Outperform”, Price Target of the shares are set at $34.Shares were Reiterated by Jefferies on Feb 16, 2016 to “Buy” and Lowered the Price Target to $ 34 from a previous price target of $41 .
Financial Engines Inc opened for trading at $29.79 and hit $30.29 on the upside on Friday, eventually ending the session at $30.27, with a gain of 1.24% or 0.37 points. The heightened volatility saw the trading volume jump to 2,78,042 shares. Company has a market cap of $1,565 M.
In a different news, on May 3, 2016, Lawrence M. Raffone (CEO & President) sold 18,667 shares at $31.79 per share price. According to the SEC, on Apr 26, 2016, Paul Gamble (EVP, Distrib & Inst Services) sold 3,825 shares at $32.66 per share price. On Apr 22, 2016, Michael Jerome Campbell (EVP, Technology) sold 5,551 shares at $33.40 per share price, according to the Form-4 filing with the securities and exchange commission.
Financial Engines Inc. is a provider of independent technology-enabled portfolio management services investment advice and retirement income services to participants in employer-sponsored defined contribution plans such as 401(k) plans. The Company offers personalized plans for saving investing and generating retirement income as well as by providing assessments of retirement income needs and readiness. Its services include professional management online advice retirement evaluation and social security. Its Professional Management is a discretionary managed account service designed for plan participants. Its Financial Engines Income+ is a feature of Professional Management that manages portfolios to generate income and calculates and facilitates the potential payment of steady recurring payouts from those portfolios in retirement for plans where Income+ is available. Its Online Advice service is a nondiscretionary Internet-based service designed for plan participants.