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Jack Henry: Fiscal 1Q Earnings Snapshot
11/04/2020 | 10:54pm GMT
MONETT, Mo. (AP) _ Jack Henry & Associates Inc. (JKHY) on Wednesday reported fiscal first-quarter earnings of $91.2 million.
The Monett, Missouri-based company said it had net income of $1.19 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.07 per share.
The payment processsing company posted revenue of $451.8 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $443.6 million.
Jack Henry expects full-year earnings to be $3.75 to $3.80 per share, with revenue in the range of $1.76 billion to $1.77 billion.
Jack Henry shares have risen 11% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $162.42, a climb of 14% in the last 12 months.
This story was generated by Automated Insights (automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on JKHY at www.zacks.com/ap/JKHY
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MONETT, Mo., Nov. 4, 2020 /PRNewswire/ --
First quarter summary:
GAAP revenue increased 3% and operating income decreased 1% for the quarter compared to the prior-year quarter.
Non-GAAP adjusted revenue increased 5% and adjusted operating income increased 7% for the quarter compared to the prior-year quarter.
GAAP EPS was $1.19 per diluted share for the quarter, compared to $1.16 in the prior-year quarter.
Cash at September 30, 2020 was $195.3 million, an increase of 102% compared to September 30, 2019.
Debt related to the revolving credit line and other lines of credit was zero for the quarters ended September 30, 2020 and 2019.
Full-year fiscal 2021 guidance:
GAAP revenue $1,760 million to $1,770 million (assumes deconversion fee decrease of $33 million)
GAAP EPS $3.75 to $3.80
Non-GAAP revenue growth 6.0% to 6.5%