Analysts Anticipate National Instruments Corp (NATI) to Announce $0.55 Earnings Per Share

Equities research analysts forecast that National Instruments Corp (NASDAQ:NATI) will announce earnings of $0.55 per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for National Instruments’ earnings, with the highest EPS estimate coming in at $0.58 and the lowest estimate coming in at $0.53. National Instruments posted earnings per share of $0.35 during the same quarter last year, which would indicate a positive year-over-year growth rate of 57.1%. The company is scheduled to issue its next earnings report on Tuesday, January 29th.

Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that cover National Instruments.

National Instruments (NASDAQ:NATI) last issued its quarterly earnings results on Thursday, October 25th. The technology company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.28 by $0.04. The company had revenue of $346.13 million for the quarter, compared to the consensus estimate of $342.65 million. National Instruments had a net margin of 5.50% and a return on equity of 14.02%.

NATI has been the subject of several recent analyst reports. ValuEngine upgraded shares of National Instruments from a “hold” rating to a “buy” rating in a research note on Monday, July 30th. TheStreet upgraded shares of National Instruments from a “c+” rating to a “b” rating in a research note on Friday, July 27th. Zacks Investment Research upgraded shares of National Instruments from a “hold” rating to a “strong-buy” rating and set a $57.00 price objective on the stock in a research note on Thursday, November 1st. BidaskClub downgraded shares of National Instruments from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 18th. Finally, Stifel Nicolaus assumed coverage on shares of National Instruments in a report on Monday, October 22nd. They set a “hold” rating and a $48.00 price target on the stock. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $50.25.

National Instruments stock traded down $0.37 during trading hours on Thursday, hitting $50.04. The company had a trading volume of 1,415,163 shares, compared to its average volume of 606,105. The stock has a market cap of $6.56 billion, a price-to-earnings ratio of 53.23 and a beta of 0.98. National Instruments has a 1 year low of $38.78 and a 1 year high of $53.57.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Monday, November 12th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Thursday, November 8th. National Instruments’s dividend payout ratio (DPR) is presently 97.87%.

In other National Instruments news, COO Eric Howard Starkloff sold 2,500 shares of the stock in a transaction on Tuesday, October 30th. The shares were sold at an average price of $49.18, for a total transaction of $122,950.00. Following the transaction, the chief operating officer now directly owns 67,562 shares of the company’s stock, valued at $3,322,699.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider John Charles Roiko sold 1,179 shares of the stock in a transaction on Tuesday, November 6th. The shares were sold at an average price of $49.28, for a total transaction of $58,101.12. Following the transaction, the insider now directly owns 19,419 shares in the company, valued at $956,968.32. The disclosure for this sale can be found here. Insiders have sold 331,014 shares of company stock worth $15,264,047 over the last three months. 7.98% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Point72 Asset Management L.P. purchased a new position in National Instruments during the second quarter valued at $147,000. Mission Wealth Management LP purchased a new position in National Instruments during the third quarter valued at $213,000. CIBC Asset Management Inc purchased a new position in National Instruments during the third quarter valued at $223,000. Suntrust Banks Inc. purchased a new position in National Instruments during the first quarter valued at $248,000. Finally, Fox Run Management L.L.C. purchased a new position in shares of National Instruments in the third quarter worth about $253,000. 76.83% of the stock is currently owned by institutional investors and hedge funds.

About National Instruments

National Instruments Corporation designs, manufactures, and sells systems to engineers and scientists worldwide. It offers LabVIEW, a system design software for measurement, automation, and control; LabVIEW Real-Time and LabVIEW FPGA, which are software add-ons to LabVIEW; LabVIEW Communications System Design Suite for wireless prototyping; LabWindows/CVI for creating test and control applications; and Measurement Studio consisting of measurement and automation add-on libraries, and additional tools for programmers.

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