Zacks: Brokerages Anticipate National Instruments Corporation (NATI) to Announce $0.19 EPS
Analysts forecast that National Instruments Corporation (NASDAQ:NATI) will post earnings of $0.19 per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for National Instruments Corporation’s earnings, with estimates ranging from $0.18 to $0.20. National Instruments Corporation also posted earnings per share of $0.19 during the same quarter last year. The business is scheduled to issue its next earnings report on Wednesday, July 26th.
Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for National Instruments Corporation.
National Instruments Corporation (NASDAQ:NATI) last issued its quarterly earnings results on Thursday, April 27th. The technology company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08. The business had revenue of $300.10 million during the quarter, compared to analyst estimates of $300.30 million. National Instruments Corporation had a net margin of 7.76% and a return on equity of 9.85%. National Instruments Corporation’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.16 earnings per share.
A number of equities analysts recently issued reports on the stock. Zacks Investment Research cut shares of National Instruments Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, May 3rd. Deutsche Bank AG assumed coverage on shares of National Instruments Corporation in a research report on Tuesday, May 16th. They set a “hold” rating and a $34.00 price objective for the company. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $35.75.
In other National Instruments Corporation news, Director James J. Truchard sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, April 28th. The shares were sold at an average price of $35.27, for a total value of $705,400.00. Following the completion of the transaction, the director now directly owns 9,233,916 shares in the company, valued at approximately $325,680,217.32. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director James J. Truchard sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, March 20th. The shares were sold at an average price of $32.45, for a total transaction of $81,125.00. Following the completion of the transaction, the director now owns 9,266,416 shares of the company’s stock, valued at $300,695,199.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 127,354 shares of company stock valued at $4,554,109. Corporate insiders own 9.92% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Fifth Third Bancorp boosted its position in shares of National Instruments Corporation by 0.9% in the first quarter. Fifth Third Bancorp now owns 3,722 shares of the technology company’s stock valued at $121,000 after buying an additional 32 shares during the period. Credit Agricole S A acquired a new position in shares of National Instruments Corporation during the fourth quarter valued at about $130,000. Tyers Asset Management LLC acquired a new position in shares of National Instruments Corporation during the fourth quarter valued at about $147,000. Quantbot Technologies LP acquired a new position in shares of National Instruments Corporation during the first quarter valued at about $150,000. Finally, JPMorgan Chase & Co. boosted its position in shares of National Instruments Corporation by 21.5% in the first quarter. JPMorgan Chase & Co. now owns 4,845 shares of the technology company’s stock valued at $158,000 after buying an additional 858 shares during the period. Hedge funds and other institutional investors own 77.22% of the company’s stock.
Shares of National Instruments Corporation (NATI) traded up 0.62% during mid-day trading on Wednesday, hitting $39.13. 851,706 shares of the company were exchanged. The company’s 50-day moving average price is $37.21 and its 200-day moving average price is $33.07. The firm has a market capitalization of $5.07 billion, a P/E ratio of 55.19 and a beta of 0.94. National Instruments Corporation has a 12-month low of $25.90 and a 12-month high of $40.58.
The firm also recently declared a quarterly dividend, which was paid on Monday, June 5th. Shareholders of record on Monday, May 15th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend was Thursday, May 11th. National Instruments Corporation’s dividend payout ratio (DPR) is currently 113.51%.
National Instruments Corporation Company Profile
National Instruments Corporation (NI) designs, manufactures and sells systems to engineers and scientists. The Company offers a line of measurement, automation and control products. It offers products, technology and services, which include system design software, programming tools, application software, modular hardware products and related driver software, production test systems, NI education platform, software products for teaching and hardware products for teaching.
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