Wall Street brokerages expect Napco Security Technologies, Inc. (NASDAQ:NSSC) to announce $28.35 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Napco Security Technologies’ earnings, with estimates ranging from $28.30 million to $28.40 million. Napco Security Technologies posted sales of $26.24 million during the same quarter last year, which suggests a positive year-over-year growth rate of 8%. The business is scheduled to report its next earnings results on Monday, May 3rd.
On average, analysts expect that Napco Security Technologies will report full year sales of $110.29 million for the current fiscal year, with estimates ranging from $109.80 million to $110.78 million. For the next financial year, analysts anticipate that the company will post sales of $125.97 million, with estimates ranging from $124.10 million to $127.84 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Napco Security Technologies.
Napco Security Technologies (NASDAQ:NSSC) last released its quarterly earnings data on Sunday, February 7th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.06. Napco Security Technologies had a return on equity of 11.96% and a net margin of 7.74%. The company had revenue of $27.21 million for the quarter, compared to analyst estimates of $24.43 million. During the same period in the previous year, the company posted $0.19 EPS.
A number of analysts recently issued reports on the company. Canaccord Genuity boosted their price objective on Napco Security Technologies from $30.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, February 9th. Needham & Company LLC restated a “buy” rating and set a $35.00 target price on shares of Napco Security Technologies in a research report on Tuesday, February 9th. Zacks Investment Research cut Napco Security Technologies from a “buy” rating to a “hold” rating and set a $37.00 target price for the company. in a research report on Wednesday, March 24th. Lake Street Capital boosted their target price on Napco Security Technologies from $29.00 to $35.00 and gave the stock a “buy” rating in a research report on Tuesday, February 9th. Finally, B. Riley began coverage on Napco Security Technologies in a research report on Tuesday, December 15th. They set a “buy” rating and a $40.00 target price for the company. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Napco Security Technologies presently has a consensus rating of “Buy” and a consensus target price of $34.50.
In related news, SVP Michael Carrieri sold 5,834 shares of the stock in a transaction dated Monday, March 1st. The stock was sold at an average price of $32.60, for a total transaction of $190,188.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 35.70% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Metropolitan Life Insurance Co NY bought a new position in shares of Napco Security Technologies in the 1st quarter worth approximately $84,000. California Public Employees Retirement System increased its position in Napco Security Technologies by 2.7% during the 3rd quarter. California Public Employees Retirement System now owns 26,371 shares of the industrial products company’s stock valued at $620,000 after buying an additional 700 shares in the last quarter. JPMorgan Chase & Co. increased its position in Napco Security Technologies by 111.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,200 shares of the industrial products company’s stock valued at $216,000 after buying an additional 4,840 shares in the last quarter. Taylor Frigon Capital Management LLC increased its position in Napco Security Technologies by 29.5% during the 4th quarter. Taylor Frigon Capital Management LLC now owns 190,804 shares of the industrial products company’s stock valued at $5,003,000 after buying an additional 43,431 shares in the last quarter. Finally, Handelsinvest Investeringsforvaltning increased its position in Napco Security Technologies by 15.4% during the 4th quarter. Handelsinvest Investeringsforvaltning now owns 150,000 shares of the industrial products company’s stock valued at $3,933,000 after buying an additional 20,000 shares in the last quarter. 48.20% of the stock is owned by institutional investors and hedge funds.
NASDAQ:NSSC opened at $34.90 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.11 and a current ratio of 5.53. Napco Security Technologies has a 52-week low of $15.28 and a 52-week high of $37.41. The firm has a market cap of $640.31 million, a price-to-earnings ratio of 83.10 and a beta of 1.36. The business’s fifty day moving average is $33.67 and its 200 day moving average is $28.67.
About Napco Security Technologies
Napco Security Technologies, Inc develops, manufactures, and sells security products in the United States and internationally. The company offers access control systems, door-locking products, intrusion and fire alarm systems, and video surveillance systems for commercial, residential, institutional, industrial, and governmental applications.
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