Top Wall Street Forecasters Revamp FactSet Research Expectations Ahead Of Q3 Earnings

FactSet Research Systems Inc. FDS is set to release third quarter financial results, before the opening bell on Friday.

Analysts expect the Norwalk, Connecticut-based company to report quarterly earnings at $3.90 per share, up from $3.79 per share in the year-ago period. FactSet Research is expected to post revenue of $552.71 million, according to data from Benzinga Pro.

On May 2, FactSet's board approved a 6% increase in the regular quarterly cash dividend of 98 cents per share to $1.04 per share.

FactSet Research shares gained 0.3% to close at $408.35 on Thursday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• Morgan Stanley analyst Toni Kaplan maintained an Underweight rating and cut the price target from $372 to $350 on June 3. This analyst has an accuracy rate of 75%.
• Wolfe Research analyst Scott Wurtzel initiated coverage on the stock with an Underperform rating and a price target of $430 on April 11. This analyst has an accuracy rate of 69%.
• BMO Capital analyst Jeffrey Silber maintained a Market Perform rating and raised the price target from $447 to $458 on March 25. This analyst has an accuracy rate of 71%.
• Stifel analyst Shlomo Rosenbaum reiterated a Hold rating with a price target of $469 on March 22. This analyst has an accuracy rate of 67%.
• Barclays analyst Manav Patnaik downgraded the stock from Overweight to Equal-Weight rating and cut the price target from $480 to $460 on March 22. This analyst has an accuracy rate of 76%.

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