Zacks: Brokerages Expect National Instruments Corp (NASDAQ:NATI) Will Post Earnings of $0.50 Per Share

Analysts predict that National Instruments Corp (NASDAQ:NATI) will report earnings of $0.50 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for National Instruments’ earnings. The lowest EPS estimate is $0.48 and the highest is $0.51. National Instruments posted earnings per share of $0.53 in the same quarter last year, which suggests a negative year-over-year growth rate of 5.7%. The business is expected to issue its next earnings results on Tuesday, February 4th.

Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover National Instruments.

National Instruments (NASDAQ:NATI) last posted its quarterly earnings data on Tuesday, October 29th. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The company had revenue of $340.44 million for the quarter, compared to the consensus estimate of $338.95 million. National Instruments had a net margin of 11.90% and a return on equity of 14.73%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.45 earnings per share.

A number of equities analysts recently issued reports on the stock. ValuEngine raised shares of National Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, October 30th. BidaskClub raised shares of National Instruments from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. Susquehanna Bancshares assumed coverage on shares of National Instruments in a report on Friday, October 18th. They issued a “neutral” rating and a $40.00 price objective on the stock. Finally, Zacks Investment Research downgraded shares of National Instruments from a “hold” rating to a “sell” rating in a report on Saturday, August 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. National Instruments currently has an average rating of “Hold” and a consensus target price of $45.00.

Shares of NATI traded up $0.13 on Friday, reaching $43.54. The company’s stock had a trading volume of 2,982 shares, compared to its average volume of 518,789. The stock has a market capitalization of $5.70 billion, a P/E ratio of 32.49 and a beta of 0.89. The stock’s 50 day simple moving average is $41.38 and its two-hundred day simple moving average is $42.06. National Instruments has a 12-month low of $38.01 and a 12-month high of $50.26.

The company also recently announced a dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 11th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, November 7th. National Instruments’s payout ratio is 74.63%.

In other National Instruments news, Director Jeffrey L. Kodosky sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $41.21, for a total transaction of $82,420.00. Following the sale, 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 SEC, which is available through this hyperlink. In the last 90 days, insiders have sold 9,000 shares of company stock worth $377,795. 1.79% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Valeo Financial Advisors LLC raised its stake in National Instruments by 261.6% during the 2nd quarter. Valeo Financial Advisors LLC now owns 1,027 shares of the technology company’s stock worth $43,000 after acquiring an additional 743 shares during the period. FTB Advisors Inc. raised its position in shares of National Instruments by 219.4% during the second quarter. FTB Advisors Inc. now owns 1,495 shares of the technology company’s stock valued at $62,000 after buying an additional 1,027 shares during the last quarter. Transamerica Financial Advisors Inc. bought a new stake in shares of National Instruments during the second quarter valued at approximately $120,000. Meeder Asset Management Inc. raised its position in shares of National Instruments by 872.5% during the third quarter. Meeder Asset Management Inc. now owns 3,637 shares of the technology company’s stock valued at $152,000 after buying an additional 3,263 shares during the last quarter. Finally, Venturi Wealth Management LLC bought a new stake in shares of National Instruments during the third quarter valued at approximately $157,000. Institutional investors own 80.12% 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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