National Instruments Corp (NATI) issued an update on its first quarter earnings guidance on Thursday morning. The company provided EPS guidance of 0.19-0.29 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.23. The company issued revenue guidance of $276-296 million, compared to the consensus revenue estimate of $268.02 million.

On a related note, 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 equities research analysts have rated the stock with a buy rating, one has assigned an overweight rating, and three have assigned a hold rating to the company’s stock. The stock currently has an average rating of overweight and a consensus price target of $29.60.

National Instruments Corp (NATI) traded up 1.14% on Thursday, hitting $28.40. National Instruments Corp (NATI) has a 52-week low of $23.13 and a 52-week 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 price-to-earnings ratio of 36.47.

National Instruments Corp last posted its quarterly earnings results on Thursday, January 31st. The company reported $0.29 earnings per share (EPS) for the quarter, beating the 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. On average, analysts predict that National Instruments Corp (NATI) will post $0.74 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Monday, March 11th. Investors of record on Tuesday, February 19th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.99%.

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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