Jack Henry & Associates (JKHY) Set to Announce Quarterly Earnings on Tuesday

Jack Henry & Associates (NASDAQ:JKHY) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $1.16 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Wednesday, February 7th. The technology company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.12. Jack Henry & Associates had a net margin of 17.26% and a return on equity of 22.67%. The firm had revenue of $545.70 million for the quarter, compared to analyst estimates of $540.34 million. During the same quarter in the prior year, the business earned $1.10 EPS. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. On average, analysts expect Jack Henry & Associates to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Jack Henry & Associates Stock Down 1.7 %

JKHY stock traded down $2.90 during midday trading on Tuesday, reaching $163.22. The company had a trading volume of 78,589 shares, compared to its average volume of 419,655. The company has a 50 day moving average of $170.38 and a two-hundred day moving average of $163.50. The company has a market capitalization of $11.89 billion, a P/E ratio of 32.51, a PEG ratio of 3.87 and a beta of 0.66. Jack Henry & Associates has a 1 year low of $136.57 and a 1 year high of $178.37. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.15.

Jack Henry & Associates Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Friday, March 8th were paid a $0.55 dividend. The ex-dividend date was Thursday, March 7th. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.52. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.35%. Jack Henry & Associates’s dividend payout ratio is 43.05%.

Wall Street Analyst Weigh In

JKHY has been the topic of several research reports. Royal Bank of Canada upped their target price on Jack Henry & Associates from $161.00 to $181.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 8th. William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a research note on Wednesday, February 7th. StockNews.com downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Saturday, April 20th. Citigroup initiated coverage on shares of Jack Henry & Associates in a research note on Thursday, January 18th. They issued a “neutral” rating and a $177.00 target price for the company. Finally, Robert W. Baird increased their price target on shares of Jack Henry & Associates from $180.00 to $186.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Jack Henry & Associates has a consensus rating of “Hold” and a consensus target price of $172.42.

About Jack Henry & Associates

Jack Henry & Associates, Inc, a financial technology company that connects people and financial institutions through technology solutions and payment processing services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other.