National Instruments (NASDAQ:NATI) Releases Q3 2020 After-Hours Earnings Guidance

National Instruments (NASDAQ:NATI) updated its third quarter 2020
After-Hours earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.14-0.28 for the period, compared to the Thomson Reuters consensus estimate of $0.16. The company issued revenue guidance of $285-325 million, compared to the consensus revenue estimate of $317.96 million.National Instruments also updated its Q3 guidance to $0.14-0.28 EPS.

Several research firms have commented on NATI. Susquehanna Bancshares reissued a hold rating and issued a $35.00 target price on shares of National Instruments in a report on Tuesday, June 9th. BidaskClub downgraded shares of National Instruments from a sell rating to a strong sell rating in a research note on Wednesday, July 15th. Zacks Investment Research downgraded shares of National Instruments from a hold rating to a sell rating in a research note on Thursday. Robert W. Baird raised their price target on shares of National Instruments from $30.00 to $46.00 and gave the company an outperform rating in a research note on Monday, May 4th. Finally, Stifel Nicolaus reduced their price target on shares of National Instruments from $50.00 to $46.00 and set a hold rating on the stock in a research note on Friday, May 1st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $41.00.

NASDAQ:NATI opened at $35.50 on Friday. The firm’s 50 day simple moving average is $38.09 and its 200 day simple moving average is $38.69. National Instruments has a one year low of $20.42 and a one year high of $47.89. The company has a market cap of $4.64 billion, a PE ratio of 30.34 and a beta of 1.03.

National Instruments (NASDAQ:NATI) last posted its earnings results on Thursday, July 30th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.08). National Instruments had a return on equity of 12.62% and a net margin of 19.25%. The business had revenue of $301.33 million for the quarter, compared to analyst estimates of $301.51 million. On average, equities analysts predict that National Instruments will post 0.88 earnings per share for the current fiscal year.

National Instruments Company Profile

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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