Equities analysts expect NetGear, Inc. (NASDAQ:NTGR) to announce $225.02 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for NetGear’s earnings. The lowest sales estimate is $222.10 million and the highest is $228.33 million. NetGear reported sales of $366.82 million in the same quarter last year, which indicates a negative year-over-year growth rate of 38.7%. The firm is scheduled to announce its next quarterly earnings report after the market closes on Wednesday, July 24th.

According to Zacks, analysts expect that NetGear will report full year sales of $1.04 billion for the current fiscal year, with estimates ranging from $1.03 billion to $1.05 billion. For the next year, analysts forecast that the company will report sales of $1.08 billion, with estimates ranging from $1.06 billion to $1.12 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for NetGear.

NetGear (NASDAQ:NTGR) last issued its quarterly earnings data on Wednesday, April 24th. The communications equipment provider reported $0.45 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.04). NetGear had a return on equity of 8.97% and a net margin of 0.35%. The business had revenue of $249.10 million for the quarter, compared to analysts’ expectations of $244.31 million. During the same period last year, the business earned $0.62 earnings per share. The company’s revenue for the quarter was up 1.6% on a year-over-year basis.

NTGR has been the topic of a number of research analyst reports. Deutsche Bank set a $142.00 price target on shares of MCCORMICK & CO /SH and gave the company a “hold” rating in a report on Friday, June 28th. BidaskClub upgraded shares of Zillow Group from a “hold” rating to a “buy” rating in a report on Wednesday, May 22nd. Guggenheim reiterated a “hold” rating on shares of Tempur Sealy International in a report on Wednesday, June 19th. Zacks Investment Research lowered shares of Great Portland Estates from a “hold” rating to a “sell” rating in a report on Tuesday, April 16th. Finally, ValuEngine lowered shares of Valero Energy from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $52.33.

NASDAQ NTGR traded down $0.30 during mid-day trading on Monday, reaching $26.60. 4,066 shares of the stock were exchanged, compared to its average volume of 269,598. NetGear has a 1-year low of $24.63 and a 1-year high of $78.30. The firm’s fifty day simple moving average is $25.79. The firm has a market capitalization of $837.05 million, a PE ratio of 15.28 and a beta of 1.72. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.66 and a quick ratio of 1.82.

In related news, SVP Andrew Wonki Kim sold 7,760 shares of NetGear stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $35.00, for a total transaction of $271,600.00. Following the sale, the senior vice president now owns 54,136 shares of the company’s stock, valued at approximately $1,894,760. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Michael A. Werdann sold 1,873 shares of NetGear stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $30.63, for a total transaction of $57,369.99. Following the sale, the senior vice president now directly owns 18,947 shares in the company, valued at approximately $580,346.61. The disclosure for this sale can be found here. Insiders have sold a total of 16,597 shares of company stock worth $507,735 in the last ninety days. 5.10% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System purchased a new stake in NetGear during the 2nd quarter worth $307,000. Oregon Public Employees Retirement Fund bought a new stake in shares of NetGear in the 2nd quarter worth about $314,000. Finally, New York State Teachers Retirement System bought a new stake in shares of NetGear in the 2nd quarter worth about $1,908,000. 99.68% of the stock is currently owned by hedge funds and other institutional investors.

NetGear Company Profile

NETGEAR, Inc designs, develops, and markets networking and Internet connected products for consumers, businesses, and service providers. It operates in two segments, Connected Home, and Small and Medium Business. The company offers smart home/connected home/broadband access products, such as broadband modems, WiFi gateways, WiFi hotspots, WiFi routers and home WiFi systems, WiFi range extenders, Powerline adapters and bridges, WiFi network adapters, and digital canvasses; and value added service offerings, including technical support, parental controls, and cybersecurity protection.

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Earnings History and Estimates for NetGear (NASDAQ:NTGR)

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