National Instruments Corp (NASDAQ:NATI) Expected to Announce Earnings of $0.46 Per Share

Wall Street analysts expect National Instruments Corp (NASDAQ:NATI) to announce $0.46 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have made estimates for National Instruments’ earnings. The lowest EPS estimate is $0.40 and the highest is $0.52. National Instruments reported earnings of $0.45 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 2.2%. The company is expected to issue its next quarterly earnings report after the market closes on Tuesday, October 29th.

Zacks’ earnings per share averages are an average based on a survey of analysts that cover National Instruments.

National Instruments (NASDAQ:NATI) last released its quarterly earnings results on Tuesday, July 30th. The technology company reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.02). National Instruments had a net margin of 11.22% and a return on equity of 15.03%. The company had revenue of $334.23 million for the quarter, compared to the consensus estimate of $339.60 million.

NATI has been the subject of several recent research reports. BidaskClub lowered National Instruments from a “hold” rating to a “sell” rating in a report on Thursday, October 10th. ValuEngine lowered National Instruments from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research lowered National Instruments from a “hold” rating to a “sell” rating in a research note on Saturday, August 3rd. Finally, Susquehanna Bancshares began coverage on National Instruments in a research note on Friday. They issued a “neutral” rating and a $40.00 price objective for the company. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The company presently has an average rating of “Hold” and an average price target of $47.00.

NASDAQ:NATI traded up $0.82 during mid-day trading on Friday, hitting $41.44. 23,614 shares of the company traded hands, compared to its average volume of 480,389. The stock’s fifty day moving average price is $41.87 and its 200-day moving average price is $42.58. National Instruments has a one year low of $38.01 and a one year high of $51.00. The firm has a market cap of $5.40 billion, a price-to-earnings ratio of 30.92 and a beta of 0.90.

In other National Instruments news, Director Jeffrey L. Kodosky sold 2,000 shares of National Instruments stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $41.21, for a total transaction of $82,420.00. Following the completion of the transaction, the director now owns 343,910 shares in the company, valued at approximately $14,172,531.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 13,500 shares of company stock worth $576,045 over the last quarter. 1.79% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its holdings in National Instruments by 12.9% in the 2nd quarter. BlackRock Inc. now owns 13,961,880 shares of the technology company’s stock valued at $586,260,000 after buying an additional 1,596,337 shares during the period. Nuveen Asset Management LLC lifted its position in National Instruments by 8,324.4% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,320,435 shares of the technology company’s stock valued at $55,445,000 after purchasing an additional 1,304,761 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of National Instruments by 14.9% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 10,007,810 shares of the technology company’s stock valued at $420,228,000 after acquiring an additional 1,299,706 shares during the period. William Blair Investment Management LLC raised its position in shares of National Instruments by 43.6% in the 2nd quarter. William Blair Investment Management LLC now owns 2,278,426 shares of the technology company’s stock valued at $95,671,000 after acquiring an additional 691,317 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its position in shares of National Instruments by 7,751.0% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 510,000 shares of the technology company’s stock valued at $21,165,000 after acquiring an additional 503,504 shares during the period. Institutional investors own 79.58% of the company’s stock.

About National Instruments

National Instruments Corporation provides a software-centric platform and systems to engineers and scientists worldwide. Its programming environments software includes LabVIEW, a graphical application software package to visualize hardware configuration, measurement data, and debugging of application; LabWindows/CVI, an ANSI C integrated development environment and engineering toolbox with built-in libraries for measurement, analysis, and engineering UI design; and NI Measurement Studio, a suite of .NET tools designed for building engineering applications in Microsoft Visual Studio to acquire, analyze, and display measurement data.

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