Wall Street analysts predict that National Instruments Corp (NASDAQ:NATI) will report earnings per share of $0.55 for the current fiscal quarter, Zacks reports. Three analysts have made estimates for National Instruments’ earnings, with estimates ranging from $0.53 to $0.58. National Instruments posted earnings per share of $0.35 in the same quarter last year, which indicates a positive year over year growth rate of 57.1%. The company is scheduled to issue its next earnings report on Tuesday, January 29th.
Zacks’ earnings per share calculations are an average based on a survey of analysts that cover National Instruments.
National Instruments (NASDAQ:NATI) last issued its quarterly earnings results on Thursday, October 25th. The technology company reported $0.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.04. The business had revenue of $346.13 million for the quarter, compared to analysts’ expectations of $342.65 million. National Instruments had a net margin of 5.50% and a return on equity of 14.02%.
Several research analysts have recently weighed in on NATI shares. BidaskClub cut shares of National Instruments from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 18th. ValuEngine cut shares of National Instruments from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Robert W. Baird dropped their price target on shares of National Instruments from $47.00 to $46.00 and set a “neutral” rating on the stock in a research note on Monday, July 30th. TheStreet upgraded shares of National Instruments from a “c+” rating to a “b” rating in a research note on Friday, July 27th. Finally, Zacks Investment Research upgraded shares of National Instruments from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research note on Thursday, August 2nd. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. National Instruments has a consensus rating of “Buy” and a consensus target price of $50.25.
Shares of National Instruments stock opened at $49.84 on Thursday. The firm has a market cap of $6.63 billion, a PE ratio of 40.35 and a beta of 0.98. National Instruments has a 1-year low of $38.78 and a 1-year high of $53.57.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Monday, November 12th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend is Thursday, November 8th. National Instruments’s dividend payout ratio (DPR) is 97.87%.
In related news, Director James J. Truchard sold 100,000 shares of National Instruments stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $45.21, for a total transaction of $4,521,000.00. Following the transaction, the director now owns 6,020,037 shares in the company, valued at approximately $272,165,872.77. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider John Charles Roiko sold 1,179 shares of National Instruments stock in a transaction on Tuesday, November 6th. The shares were sold at an average price of $49.28, for a total transaction of $58,101.12. Following the transaction, the insider now owns 19,419 shares in the company, valued at approximately $956,968.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 331,014 shares of company stock worth $15,264,047. 7.98% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. bought a new stake in National Instruments in the 2nd quarter valued at $147,000. Trexquant Investment LP bought a new stake in National Instruments in the 3rd quarter valued at $200,000. Mission Wealth Management LP bought a new stake in National Instruments in the 3rd quarter valued at $213,000. CIBC Asset Management Inc bought a new stake in National Instruments in the 3rd quarter valued at $223,000. Finally, Suntrust Banks Inc. bought a new stake in National Instruments in the 1st quarter valued at $248,000. Institutional investors own 76.83% of the company’s stock.
About National Instruments
National Instruments Corporation designs, manufactures, and sells systems to engineers and scientists worldwide. It offers LabVIEW, a system design software for measurement, automation, and control; LabVIEW Real-Time and LabVIEW FPGA, which are software add-ons to LabVIEW; LabVIEW Communications System Design Suite for wireless prototyping; LabWindows/CVI for creating test and control applications; and Measurement Studio consisting of measurement and automation add-on libraries, and additional tools for programmers.
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