Equities analysts forecast that NetGear, Inc. (NASDAQ:NTGR) will report $225.02 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for NetGear’s earnings, with the highest sales estimate coming in at $228.33 million and the lowest estimate coming in at $222.10 million. NetGear posted sales of $366.82 million during the same quarter last year, which suggests a negative year-over-year growth rate of 38.7%. The company is scheduled to issue its next earnings results 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 year, with estimates ranging from $1.03 billion to $1.05 billion. For the next fiscal year, analysts anticipate 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 averages are a mean average based on a survey of research firms that that provide coverage for NetGear.
NetGear (NASDAQ:NTGR) last issued its quarterly earnings results on Wednesday, April 24th. The communications equipment provider reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.04). The firm had revenue of $249.10 million during the quarter, compared to analyst estimates of $244.31 million. NetGear had a return on equity of 8.97% and a net margin of 0.35%. The business’s revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.62 earnings per share.
Shares of NASDAQ:NTGR traded up $0.01 during trading on Monday, reaching $26.61. The stock had a trading volume of 197,563 shares, compared to its average volume of 254,498. The company has a current ratio of 2.66, a quick ratio of 1.82 and a debt-to-equity ratio of 0.05. The stock has a fifty day moving average of $25.84. The company has a market cap of $837.95 million, a PE ratio of 15.29 and a beta of 1.72. NetGear has a 1-year low of $24.63 and a 1-year high of $76.93.
In other news, SVP Michael A. Werdann sold 1,873 shares of the company’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $30.63, for a total value of $57,369.99. Following the transaction, the senior vice president now owns 18,947 shares of the company’s stock, valued at approximately $580,346.61. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Andrew Wonki Kim sold 7,760 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $35.00, for a total value of $271,600.00. Following the completion of the transaction, the senior vice president now directly owns 54,136 shares in the company, valued at approximately $1,894,760. The disclosure for this sale can be found here. Insiders have sold 16,597 shares of company stock worth $507,735 in the last three months. 5.10% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in NTGR. New York State Teachers Retirement System acquired a new position in shares of NetGear in the 2nd quarter valued at $1,908,000. Oregon Public Employees Retirement Fund purchased a new stake in shares of NetGear in the 2nd quarter valued at $314,000. Finally, Louisiana State Employees Retirement System purchased a new stake in shares of NetGear in the 2nd quarter valued at $307,000. 99.68% of the stock is currently owned by institutional investors and hedge funds.
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.
Further Reading: Earnings Per Share (EPS)
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