NetApp Inc. (NTAP) to Issue Quarterly Dividend of $0.20 on January 24th
NetApp Inc. (NASDAQ:NTAP) announced a quarterly dividend on Thursday, November 16th, Wall Street Journal reports. Investors of record on Friday, January 5th will be given a dividend of 0.20 per share by the data storage provider on Wednesday, January 24th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Thursday, January 4th.
Shares of NetApp (NTAP) opened at $55.32 on Friday. The company has a quick ratio of 1.64, a current ratio of 1.67 and a debt-to-equity ratio of 0.55. NetApp has a 52 week low of $35.08 and a 52 week high of $58.99. The stock has a market capitalization of $14,886.98, a PE ratio of 20.98, a price-to-earnings-growth ratio of 1.81 and a beta of 1.28.
NetApp (NASDAQ:NTAP) last issued its quarterly earnings results on Wednesday, November 15th. The data storage provider reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. NetApp had a return on equity of 26.77% and a net margin of 11.49%. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period last year, the company earned $0.60 EPS. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. equities analysts predict that NetApp will post 2.72 earnings per share for the current year.
A number of analysts have issued reports on the company. DA Davidson reissued a “buy” rating and issued a $51.00 price target on shares of NetApp in a research note on Monday, October 2nd. Drexel Hamilton restated a “buy” rating and issued a $62.00 price objective on shares of NetApp in a report on Monday, September 25th. Robert W. Baird restated a “hold” rating and issued a $46.00 price objective (up from $44.00) on shares of NetApp in a report on Wednesday, October 4th. Oppenheimer restated a “hold” rating on shares of NetApp in a report on Wednesday, October 4th. Finally, BMO Capital Markets restated a “hold” rating and issued a $43.00 price objective on shares of NetApp in a report on Wednesday, November 15th. Two investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $50.15.
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NetApp, Inc (NetApp) provides software, systems and services to manage and store customer data. The Company enables enterprises, service providers, governmental organizations, and partners to envision, deploy and evolve their information technology (IT) environments. The Company offers a portfolio of products and services that satisfy a range of customer workloads across different data types and deployment models.
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