Brokerages Anticipate National Instruments Corporation (NASDAQ:NATI) to Announce $0.24 EPS

Equities research analysts expect National Instruments Corporation (NASDAQ:NATI) to post $0.24 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for National Instruments Corporation’s earnings, with the lowest EPS estimate coming in at $0.22 and the highest estimate coming in at $0.26. National Instruments Corporation reported earnings per share of $0.22 during the same quarter last year, which would suggest a positive year over year growth rate of 9.1%. The business is scheduled to announce its next earnings report on Thursday, October 26th.

Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow National Instruments Corporation.

National Instruments Corporation (NASDAQ:NATI) last issued its quarterly earnings data on Thursday, July 27th. The technology company reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.08. The business had revenue of $318.61 million for the quarter, compared to the consensus estimate of $321.07 million. National Instruments Corporation had a return on equity of 9.81% and a net margin of 8.11%. The firm’s revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.23 EPS.

Several research analysts have recently weighed in on NATI shares. Zacks Investment Research raised shares of National Instruments Corporation from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a report on Tuesday, May 2nd. BidaskClub cut shares of National Instruments Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday. Stifel Nicolaus reissued a “buy” rating and set a $46.00 price objective on shares of National Instruments Corporation in a report on Sunday. Finally, Deutsche Bank AG started coverage on shares of National Instruments Corporation in a report on Tuesday, May 16th. They set a “hold” rating and a $34.00 price objective for the company. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $40.25.

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Shares of National Instruments Corporation (NATI) traded up 1.48% during mid-day trading on Tuesday, reaching $41.75. The company had a trading volume of 907,281 shares. National Instruments Corporation has a one year low of $26.74 and a one year high of $43.74. The stock has a 50 day moving average of $40.69 and a 200-day moving average of $35.38. The firm has a market capitalization of $5.41 billion, a price-to-earnings ratio of 56.42 and a beta of 0.93.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Monday, August 14th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $0.84 annualized dividend and a yield of 2.01%. National Instruments Corporation’s dividend payout ratio (DPR) is 107.69%.

In other National Instruments Corporation news, Director James J. Truchard sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $35.07, for a total value of $1,402,800.00. Following the completion of the transaction, the director now directly owns 9,158,916 shares in the company, valued at $321,203,184.12. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James J. Truchard sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $41.15, for a total transaction of $308,625.00. Following the completion of the transaction, the director now owns 9,068,916 shares of the company’s stock, valued at $373,185,893.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 137,354 shares of company stock valued at $5,204,394. Company insiders own 9.92% of the company’s stock.

Several institutional investors have recently bought and sold shares of NATI. Fifth Third Bancorp raised its position in National Instruments Corporation by 0.9% in the first quarter. Fifth Third Bancorp now owns 3,722 shares of the technology company’s stock worth $121,000 after buying an additional 32 shares during the last quarter. Quantbot Technologies LP purchased a new position in National Instruments Corporation during the first quarter worth $150,000. JPMorgan Chase & Co. raised its position in National Instruments Corporation by 21.5% in the first quarter. JPMorgan Chase & Co. now owns 4,845 shares of the technology company’s stock worth $158,000 after buying an additional 858 shares during the last quarter. Dubuque Bank & Trust Co. purchased a new position in National Instruments Corporation during the first quarter worth $163,000. Finally, Acadian Asset Management LLC raised its position in National Instruments Corporation by 1,847.0% in the first quarter. Acadian Asset Management LLC now owns 5,919 shares of the technology company’s stock worth $193,000 after buying an additional 5,615 shares during the last quarter. Institutional investors and hedge funds own 76.45% of the company’s stock.

National Instruments Corporation 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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