Quarterly Dividend of $0.14 Planned by National Instruments Corp (NATI)
National Instruments Corp (NASDAQ:NATI) announced a quarterly dividend on Thursday, January 31st. Stockholders of record on Tuesday, February 19th will be paid a dividend of $0.14 per share on Monday, March 11th. This represents a $0.56 annualized dividend and a dividend yield of 1.99%.
On the ratings front, analysts at Sidoti upgraded shares of National Instruments Corp from a “neutral” rating to a “buy” rating in a research note to investors on Monday, November 12th.
Three investment analysts have rated the stock with a buy rating, one has given an overweight rating, and three have issued a hold rating to the company. The company has an average rating of “overweight” and an average price target of $29.60.
Shares of National Instruments Corp (NATI) traded up 1.14% during mid-day trading on Thursday, hitting $28.40. National Instruments Corp (NATI) has a one year low of $23.13 and a one year high of $28.98. The stock’s 50-day moving average is currently $26.53. The company has a market cap of $3.488 billion and a P/E ratio of 36.47.
National Instruments Corp last issued its quarterly earnings data on Thursday, January 31st. The company reported $0.29 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.25 by $0.04. The company had revenue of $300.00 million for the quarter, compared to the consensus estimate of $282.01 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. National Instruments Corp has set its Q1 guidance at 0.19-0.29 EPS. Analysts expect that National Instruments Corp (NATI) will post $0.74 EPS for the current fiscal year.
National Instruments Corporation is a supplier of measurement and automation products that engineers and scientists use in a range of industries.
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