Analysts Expect NetGear, Inc. (NTGR) Will Announce Earnings of $0.53 Per Share

Wall Street brokerages expect NetGear, Inc. (NASDAQ:NTGR) to post $0.53 earnings per share for the current quarter, according to Zacks. Two analysts have issued estimates for NetGear’s earnings, with estimates ranging from $0.32 to $0.74. NetGear reported earnings per share of $0.71 in the same quarter last year, which suggests a negative year over year growth rate of 25.4%. The company is expected to announce its next earnings report on Tuesday, February 5th.

On average, analysts expect that NetGear will report full year earnings of $2.35 per share for the current financial year, with EPS estimates ranging from $2.09 to $2.69. For the next financial year, analysts expect that the company will post earnings of $2.58 per share, with EPS estimates ranging from $2.47 to $2.66. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover NetGear.

NetGear (NASDAQ:NTGR) last issued its quarterly earnings data on Thursday, October 25th. The communications equipment provider reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.25. The business had revenue of $400.59 million during the quarter, compared to analyst estimates of $388.94 million. NetGear had a negative net margin of 1.43% and a positive return on equity of 8.75%.

NTGR has been the subject of a number of research reports. ValuEngine upgraded shares of NetGear from a “buy” rating to a “strong-buy” rating in a report on Monday, December 17th. BidaskClub upgraded shares of NetGear from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 24th. Cowen started coverage on shares of NetGear in a report on Monday, October 1st. They issued a “hold” rating and a $63.00 price objective for the company. Finally, Zacks Investment Research restated a “hold” rating on shares of NetGear in a report on Wednesday, November 14th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $71.00.

NASDAQ NTGR traded down $0.04 during trading hours on Friday, reaching $37.70. The company’s stock had a trading volume of 274,758 shares, compared to its average volume of 415,694. The firm has a market cap of $1.18 billion, a PE ratio of 16.25 and a beta of 1.86. NetGear has a 52 week low of $31.80 and a 52 week high of $78.30.

In other NetGear news, SVP Michael A. Werdann sold 3,375 shares of the firm’s stock in a transaction that occurred on Monday, December 10th. The shares were sold at an average price of $52.02, for a total transaction of $175,567.50. Following the completion of the transaction, the senior vice president now owns 27,922 shares in the company, valued at approximately $1,452,502.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Barbara Vaughn Scherer sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, October 22nd. The stock was sold at an average price of $54.73, for a total transaction of $164,190.00. Following the transaction, the director now owns 15,133 shares of the company’s stock, valued at approximately $828,229.09. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,900 shares of company stock valued at $2,313,488. Company insiders own 5.10% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in NTGR. Vident Investment Advisory LLC grew its position in shares of NetGear by 1.5% during the 2nd quarter. Vident Investment Advisory LLC now owns 49,908 shares of the communications equipment provider’s stock worth $3,119,000 after buying an additional 747 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of NetGear by 13.8% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,594 shares of the communications equipment provider’s stock worth $477,000 after buying an additional 920 shares during the period. BlueMountain Capital Management LLC grew its position in shares of NetGear by 20.3% during the 3rd quarter. BlueMountain Capital Management LLC now owns 7,045 shares of the communications equipment provider’s stock worth $443,000 after buying an additional 1,188 shares during the period. Jupiter Asset Management Ltd. grew its position in shares of NetGear by 2.1% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 74,982 shares of the communications equipment provider’s stock worth $4,705,000 after buying an additional 1,560 shares during the period. Finally, Teachers Advisors LLC grew its position in shares of NetGear by 4.0% during the 3rd quarter. Teachers Advisors LLC now owns 61,697 shares of the communications equipment provider’s stock worth $3,878,000 after buying an additional 2,351 shares during the period. Hedge funds and other institutional investors own 99.99% of the company’s stock.

About NetGear

NETGEAR, Inc designs, develops, and markets networking and Internet connected products for consumers, businesses, and service providers. The company operates in three segments: Arlo, Connected Home, and Small and Medium Business. It offers smart home/connected home/broadband access products, such as remote video security systems, broadband modems, WiFi gateways, WiFi hotspots, WiFi routers and home WiFi systems, WiFi range extenders, Powerline adapters and bridges, and WiFi network adapters.

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