Taglich Brothers Brokers Reduce Earnings Estimates for NetSol Technologies Inc. (NTWK)
NetSol Technologies Inc. (NASDAQ:NTWK) – Stock analysts at Taglich Brothers decreased their Q3 2017 EPS estimates for NetSol Technologies in a report released on Thursday. Taglich Brothers analyst H. Halpern now expects that the brokerage will post earnings per share of $0.13 for the quarter, down from their previous forecast of $0.20. Taglich Brothers also issued estimates for NetSol Technologies’ Q1 2018 earnings at $0.01 EPS, Q2 2018 earnings at $0.21 EPS, Q3 2018 earnings at $0.22 EPS, Q4 2018 earnings at $0.35 EPS and FY2018 earnings at $0.78 EPS.
NetSol Technologies (NASDAQ:NTWK) last announced its earnings results on Thursday, September 15th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.08. NetSol Technologies had a return on equity of 4.56% and a net margin of 5.27%. The company had revenue of $19.10 million for the quarter.
Several other research analysts have also recently commented on NTWK. Zacks Investment Research upgraded NetSol Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, June 21st. TheStreet upgraded NetSol Technologies from a “hold” rating to a “buy” rating in a research note on Thursday.
NetSol Technologies (NASDAQ:NTWK) remained flat at $6.26 during mid-day trading on Friday. 64,542 shares of the company traded hands. NetSol Technologies has a 12-month low of $5.02 and a 12-month high of $9.50. The firm has a market capitalization of $66.89 million, a PE ratio of 19.56 and a beta of 0.69. The stock’s 50-day moving average price is $6.10 and its 200-day moving average price is $6.30.
A number of hedge funds have recently made changes to their positions in the stock. Simmons Bank purchased a new stake in shares of NetSol Technologies during the first quarter valued at about $688,000. Vanguard Group Inc. boosted its stake in shares of NetSol Technologies by 29.7% in the second quarter. Vanguard Group Inc. now owns 366,118 shares of the company’s stock valued at $2,138,000 after buying an additional 83,801 shares during the last quarter. Raymond James & Associates purchased a new stake in shares of NetSol Technologies during the second quarter valued at about $114,000. Royal Bank of Canada boosted its stake in shares of NetSol Technologies by 57.2% in the first quarter. Royal Bank of Canada now owns 30,657 shares of the company’s stock valued at $214,000 after buying an additional 11,157 shares during the last quarter. Finally, Algert Global LLC boosted its stake in shares of NetSol Technologies by 26.5% in the first quarter. Algert Global LLC now owns 46,069 shares of the company’s stock valued at $322,000 after buying an additional 9,660 shares during the last quarter. Hedge funds and other institutional investors own 15.01% of the company’s stock.
About NetSol Technologies
NetSol Technologies, Inc is a provider of information technology (IT) and enterprise software solutions. The Company’s primary source of revenue is the licensing, customization, enhancement and maintenance of its suite of financial applications under the brand name NetSol Financial Suite (NFS) and NFS Ascent for businesses in the global lease and finance industry.
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