Wall Street analysts expect that National Instruments Corp (NASDAQ:NATI) will report $0.25 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for National Instruments’ earnings. The highest EPS estimate is $0.26 and the lowest is $0.23. National Instruments reported earnings of $0.14 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 78.6%. The business is scheduled to report its next quarterly earnings results after the market closes on Thursday, April 26th.
Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for National Instruments.
National Instruments (NASDAQ:NATI) last issued its earnings results on Tuesday, January 30th. The technology company reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The business had revenue of $349.80 million for the quarter, compared to analysts’ expectations of $347.38 million. National Instruments had a return on equity of 10.76% and a net margin of 4.06%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.34 EPS.
A number of research firms recently commented on NATI. Zacks Investment Research upgraded National Instruments from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a report on Thursday, December 28th. BidaskClub cut National Instruments from a “sell” rating to a “strong sell” rating in a report on Saturday, December 16th. Robert W. Baird cut National Instruments from an “outperform” rating to a “neutral” rating and set a $50.00 price objective on the stock. in a report on Monday, April 2nd. ValuEngine upgraded National Instruments from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, Stifel Nicolaus upped their price objective on National Instruments from $46.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $47.75.
Shares of National Instruments stock traded down $0.21 on Friday, hitting $50.11. 193,939 shares of the company were exchanged, compared to its average volume of 614,247. The stock has a market cap of $6,554.93, a P/E ratio of 53.72 and a beta of 0.93. National Instruments has a 1-year low of $31.81 and a 1-year high of $53.57.
In related news, Director Jeffrey L. Kodosky sold 1,600 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $53.00, for a total value of $84,800.00. Following the transaction, the director now directly owns 370,171 shares in the company, valued at $19,619,063. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John Charles Roiko sold 1,846 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $50.27, for a total value of $92,798.42. Following the completion of the transaction, the insider now owns 16,207 shares in the company, valued at $814,725.89. The disclosure for this sale can be found here. Insiders sold 868,066 shares of company stock worth $44,108,521 over the last quarter. 7.98% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC lifted its position in National Instruments by 2.5% in the third quarter. Janus Henderson Group PLC now owns 10,804,219 shares of the technology company’s stock valued at $455,616,000 after purchasing an additional 262,578 shares during the period. BlackRock Inc. increased its stake in shares of National Instruments by 1.4% during the 4th quarter. BlackRock Inc. now owns 8,861,057 shares of the technology company’s stock worth $368,884,000 after purchasing an additional 126,315 shares in the last quarter. American Century Companies Inc. increased its stake in shares of National Instruments by 37.7% during the 4th quarter. American Century Companies Inc. now owns 2,137,187 shares of the technology company’s stock worth $88,971,000 after purchasing an additional 584,819 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of National Instruments by 3,081.3% during the 4th quarter. Alliancebernstein L.P. now owns 2,000,276 shares of the technology company’s stock worth $83,271,000 after purchasing an additional 1,937,399 shares in the last quarter. Finally, King Luther Capital Management Corp increased its stake in shares of National Instruments by 2.0% during the 4th quarter. King Luther Capital Management Corp now owns 1,980,530 shares of the technology company’s stock worth $82,449,000 after purchasing an additional 39,080 shares in the last quarter. Institutional investors own 76.94% of the company’s stock.
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National Instruments Company Profile
National Instruments Corporation (NI) designs, manufactures and sells systems to engineers and scientists. The Company offers a line of measurement, automation and control products. It offers products, technology and services, which include system design software, programming tools, application software, modular hardware products and related driver software, production test systems, NI education platform, software products for teaching and hardware products for teaching.
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