Analysts Anticipate NetScout Systems, Inc. (NASDAQ:NTCT) to Post $0.38 EPS

Wall Street analysts expect that NetScout Systems, Inc. (NASDAQ:NTCT) will report $0.38 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for NetScout Systems’ earnings. The highest EPS estimate is $0.38 and the lowest is $0.37. NetScout Systems also reported earnings per share of $0.38 in the same quarter last year. The company is scheduled to announce its next earnings results on Thursday, November 4th.

On average, analysts expect that NetScout Systems will report full year earnings of $1.73 per share for the current fiscal year, with EPS estimates ranging from $1.71 to $1.74. For the next year, analysts forecast that the firm will report earnings of $1.95 per share, with EPS estimates ranging from $1.93 to $1.96. Zacks’ EPS calculations are an average based on a survey of research analysts that that provide coverage for NetScout Systems.

NetScout Systems (NASDAQ:NTCT) last released its quarterly earnings results on Thursday, July 29th. The technology company reported $0.20 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.15. The firm had revenue of $190.27 million for the quarter, compared to analyst estimates of $186.71 million. NetScout Systems had a net margin of 3.04% and a return on equity of 4.44%.

A number of equities analysts have recently issued reports on NTCT shares. Royal Bank of Canada upped their target price on shares of NetScout Systems from $28.00 to $29.00 and gave the stock a “sector perform” rating in a research report on Friday, July 30th. TheStreet lowered shares of NetScout Systems from a “b-” rating to a “c” rating in a research report on Thursday, July 29th. Four analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $27.25.

In other NetScout Systems news, COO Michael Szabados sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 3rd. The shares were sold at an average price of $28.07, for a total value of $210,525.00. Following the completion of the sale, the chief operating officer now owns 64,461 shares of the company’s stock, valued at $1,809,420.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John Downing sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, August 9th. The shares were sold at an average price of $27.48, for a total transaction of $82,440.00. The disclosure for this sale can be found here. Insiders own 3.97% of the company’s stock.

Large investors have recently modified their holdings of the business. Advisory Services Network LLC bought a new stake in shares of NetScout Systems during the second quarter worth $39,000. Itau Unibanco Holding S.A. bought a new stake in shares of NetScout Systems during the second quarter worth $39,000. Dark Forest Capital Management LP bought a new stake in shares of NetScout Systems during the second quarter worth $63,000. FORA Capital LLC bought a new stake in shares of NetScout Systems during the first quarter worth $66,000. Finally, William Blair Investment Management LLC bought a new stake in shares of NetScout Systems during the second quarter worth $85,000. 93.71% of the stock is owned by hedge funds and other institutional investors.

Shares of NTCT stock opened at $27.21 on Tuesday. NetScout Systems has a 1 year low of $19.76 and a 1 year high of $31.91. The firm’s 50 day moving average is $27.78 and its 200-day moving average is $28.25. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 80.03, a PEG ratio of 4.65 and a beta of 0.75. The company has a current ratio of 1.89, a quick ratio of 1.84 and a debt-to-equity ratio of 0.17.

NetScout Systems Company Profile

NetScout Systems, Inc engages in the provision of application and network performance management solutions. Its integrated hardware and software solutions are used by commercial enterprises, governmental agencies and telecommunication service providers. The company was founded by Anil K. Singhal and Narendra Popat in June 1984 and is headquartered in Westford, MA.

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Earnings History and Estimates for NetScout Systems (NASDAQ:NTCT)

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