Analysts Anticipate NetGear, Inc. (NASDAQ:NTGR) Will Announce Earnings of $0.61 Per Share

Analysts forecast that NetGear, Inc. (NASDAQ:NTGR) will announce earnings per share of $0.61 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for NetGear’s earnings, with the lowest EPS estimate coming in at $0.59 and the highest estimate coming in at $0.62. NetGear posted earnings per share of $0.76 in the same quarter last year, which would indicate a negative year over year growth rate of 19.7%. The firm is scheduled to issue its next quarterly earnings results on Thursday, October 24th.

According to Zacks, analysts expect that NetGear will report full-year earnings of $2.27 per share for the current financial year, with EPS estimates ranging from $2.24 to $2.30. For the next financial year, analysts expect that the company will report earnings of $2.73 per share, with EPS estimates ranging from $2.60 to $2.83. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow NetGear.

NetGear (NASDAQ:NTGR) last released its quarterly earnings results on Wednesday, July 24th. The communications equipment provider reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.14). NetGear had a net margin of 0.91% and a return on equity of 7.26%. The firm had revenue of $230.85 million for the quarter, compared to the consensus estimate of $224.35 million. During the same period in the previous year, the business earned $0.29 earnings per share. The firm’s revenue for the quarter was down 9.6% on a year-over-year basis.



NTGR has been the topic of a number of recent analyst reports. ValuEngine raised shares of NetGear from a “hold” rating to a “buy” rating in a research report on Wednesday, September 11th. Guggenheim set a $44.00 price target on shares of NetGear and gave the company a “buy” rating in a research report on Thursday, September 12th. BidaskClub lowered shares of NetGear from a “hold” rating to a “sell” rating in a research report on Friday. Finally, Deutsche Bank initiated coverage on shares of NetGear in a research report on Friday, June 28th. They set a “hold” rating and a $28.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $43.25.

In other NetGear news, CEO Patrick Cs Lo sold 11,588 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $33.51, for a total value of $388,313.88. Following the completion of the transaction, the chief executive officer now owns 256,503 shares of the company’s stock, valued at approximately $8,595,415.53. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Michael A. Werdann sold 2,234 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $26.03, for a total transaction of $58,151.02. Following the completion of the transaction, the senior vice president now directly owns 15,547 shares of the company’s stock, valued at approximately $404,688.41. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 77,442 shares of company stock valued at $2,555,862. 5.60% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the business. Ladenburg Thalmann Financial Services Inc. purchased a new position in NetGear in the 2nd quarter worth approximately $31,000. Public Employees Retirement Association of Colorado purchased a new position in NetGear in the 2nd quarter worth approximately $39,000. First Mercantile Trust Co. purchased a new position in NetGear in the 2nd quarter worth approximately $42,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in NetGear in the 2nd quarter worth approximately $47,000. Finally, Quantamental Technologies LLC purchased a new position in NetGear in the 2nd quarter worth approximately $47,000. 99.84% of the stock is owned by institutional investors and hedge funds.

Shares of NTGR traded down $0.56 during trading hours on Thursday, reaching $30.40. 412,000 shares of the stock traded hands, compared to its average volume of 385,952. The company has a current ratio of 2.45, a quick ratio of 1.57 and a debt-to-equity ratio of 0.05. The stock has a fifty day simple moving average of $33.33 and a 200 day simple moving average of $30.74. NetGear has a 52 week low of $24.63 and a 52 week high of $63.95. The company has a market cap of $953.94 million, a price-to-earnings ratio of 17.47 and a beta of 1.70.

About NetGear

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.

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Earnings History and Estimates for NetGear (NASDAQ:NTGR)

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