Equities research analysts predict that National Instruments Corp (NASDAQ:NATI) will report earnings per share of $0.55 for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for National Instruments’ earnings, with estimates ranging from $0.53 to $0.58. National Instruments posted earnings per share of $0.35 during the same quarter last year, which would suggest a positive year over year growth rate of 57.1%. The business is scheduled to announce its next quarterly earnings report on Tuesday, January 29th.
Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover National Instruments.
National Instruments (NASDAQ:NATI) last released its quarterly earnings results on Thursday, October 25th. The technology company reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.04. National Instruments had a return on equity of 14.02% and a net margin of 5.50%. The firm had revenue of $346.13 million for the quarter, compared to analyst estimates of $342.65 million.
In related news, insider Scott Arthur Rust sold 4,576 shares of the firm’s stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $48.54, for a total value of $222,119.04. Following the completion of the sale, the insider now owns 32,169 shares in the company, valued at $1,561,483.26. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Jeffrey L. Kodosky sold 1,600 shares of the firm’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $49.05, for a total transaction of $78,480.00. Following the completion of the sale, the director now owns 360,945 shares of the company’s stock, valued at approximately $17,704,352.25. The disclosure for this sale can be found here. In the last three months, insiders have sold 67,355 shares of company stock worth $3,244,672. Corporate insiders own 7.98% of the company’s stock.
A number of large investors have recently made changes to their positions in NATI. Acadian Asset Management LLC acquired a new stake in National Instruments in the second quarter valued at about $253,000. BNP Paribas Arbitrage SA lifted its position in shares of National Instruments by 126.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,853 shares of the technology company’s stock valued at $414,000 after acquiring an additional 5,493 shares during the period. Eqis Capital Management Inc. lifted its position in shares of National Instruments by 95.7% during the 2nd quarter. Eqis Capital Management Inc. now owns 22,699 shares of the technology company’s stock valued at $953,000 after acquiring an additional 11,099 shares during the period. TD Asset Management Inc. lifted its position in shares of National Instruments by 2.9% during the 2nd quarter. TD Asset Management Inc. now owns 141,457 shares of the technology company’s stock valued at $5,938,000 after acquiring an additional 4,000 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of National Instruments during the 2nd quarter valued at approximately $387,000. Hedge funds and other institutional investors own 77.06% of the company’s stock.
Shares of NASDAQ NATI traded down $1.31 during midday trading on Friday, reaching $47.00. 515,563 shares of the company were exchanged, compared to its average volume of 618,510. National Instruments has a 1 year low of $38.78 and a 1 year high of $53.57. The firm has a market cap of $6.40 billion, a P/E ratio of 50.00 and a beta of 0.95.
The business also recently declared a quarterly dividend, which was paid on Monday, December 3rd. Investors of record on Monday, November 12th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend was Thursday, November 8th. National Instruments’s dividend payout ratio is currently 97.87%.
National Instruments Company Profile
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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