$0.55 Earnings Per Share Expected for National Instruments Corp (NATI) This Quarter

Brokerages expect National Instruments Corp (NASDAQ:NATI) to post earnings per share of $0.55 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for National Instruments’ earnings, with estimates ranging from $0.53 to $0.58. National Instruments reported earnings of $0.35 per share during 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 results on Tuesday, January 29th.

Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for National Instruments.

National Instruments (NASDAQ:NATI) last released its quarterly earnings results on Thursday, October 25th. The technology company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.04. The business had revenue of $346.13 million during the quarter, compared to the consensus estimate of $342.65 million. National Instruments had a return on equity of 14.02% and a net margin of 5.50%.

NATI has been the subject of several research reports. Zacks Investment Research raised National Instruments from a “hold” rating to a “strong-buy” rating and set a $57.00 price target for the company in a research note on Thursday, November 1st. Stifel Nicolaus initiated coverage on National Instruments in a research note on Monday, October 22nd. They set a “hold” rating and a $48.00 price target for the company. BidaskClub downgraded National Instruments from a “buy” rating to a “hold” rating in a research note on Thursday, October 4th. Finally, Deutsche Bank raised National Instruments from a “hold” rating to a “buy” rating and lifted their price target for the stock from $45.00 to $50.00 in a research note on Friday, October 26th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $50.25.

In related news, COO Eric Howard Starkloff sold 2,500 shares of the business’s stock in a transaction dated Tuesday, October 30th. The shares were sold at an average price of $49.18, for a total value of $122,950.00. Following the completion of the transaction, the chief operating officer now owns 67,562 shares of the company’s stock, valued at approximately $3,322,699.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeffrey L. Kodosky sold 1,600 shares of the business’s stock in a transaction dated Monday, October 22nd. The shares were sold at an average price of $43.50, for a total transaction of $69,600.00. Following the completion of the transaction, the director now directly owns 362,745 shares of the company’s stock, valued at approximately $15,779,407.50. The disclosure for this sale can be found here. Insiders sold a total of 65,755 shares of company stock valued at $3,166,192 in the last three months. 7.98% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in NATI. Point72 Asset Management L.P. acquired a new position in National Instruments in the 2nd quarter valued at about $147,000. Trexquant Investment LP acquired a new position in National Instruments in the 3rd quarter valued at about $200,000. Mission Wealth Management LP acquired a new position in National Instruments in the 3rd quarter valued at about $213,000. D.A. Davidson & CO. acquired a new position in National Instruments in the 3rd quarter valued at about $221,000. Finally, CIBC Asset Management Inc acquired a new position in National Instruments in the 3rd quarter valued at about $223,000. 77.06% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:NATI opened at $49.67 on Friday. The firm has a market cap of $6.48 billion, a PE ratio of 52.84 and a beta of 0.95. National Instruments has a 52-week low of $38.78 and a 52-week high of $53.57.

The company also recently declared a quarterly dividend, which was paid on Monday, December 3rd. Stockholders of record on Monday, November 12th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.85%. The ex-dividend date was Thursday, November 8th. National Instruments’s dividend payout ratio (DPR) is presently 97.87%.

National Instruments Company Profile

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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