National Instruments Corp (NATI) Issues Q1 Earnings Guidance
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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