National Instruments Corp. (NASDAQ:NATI) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.31-0.45 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.38. The company issued revenue guidance of $323-353 million, compared to the consensus revenue estimate of $338.93 million.
Shares of National Instruments Corp. (NASDAQ:NATI) opened at 27.65 on Monday. The firm has a 50 day moving average price of $27.81 and a 200 day moving average price of $27.92. The company has a market capitalization of $3.56 billion, a price-to-earnings ratio of 41.27 and a beta of 1.02. National Instruments Corp. has a 52 week low of $25.90 and a 52 week high of $31.71.
National Instruments Corp. (NASDAQ:NATI) last posted its quarterly earnings data on Thursday, October 27th. The company reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.07. National Instruments Corp. had a return on equity of 9.79% and a net margin of 6.95%. The company earned $306.36 million during the quarter, compared to analyst estimates of $304.91 million. During the same quarter last year, the company earned $0.24 EPS. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. Equities analysts forecast that National Instruments Corp. will post $0.72 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 5th. Investors of record on Monday, November 14th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend is Wednesday, November 9th. National Instruments Corp.’s dividend payout ratio (DPR) is presently 121.21%.
A number of research analysts recently weighed in on the company. Zacks Investment Research raised National Instruments Corp. from a sell rating to a hold rating in a research report on Wednesday, September 28th. TheStreet raised National Instruments Corp. from a hold rating to a buy rating in a research report on Thursday, July 28th. Finally, Stifel Nicolaus reduced their price objective on National Instruments Corp. from $33.00 to $32.00 and set a buy rating for the company in a research report on Thursday, July 28th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $32.00.
A number of hedge funds have recently modified their holdings of the stock. Barclays PLC increased its stake in shares of National Instruments Corp. by 23.9% in the second quarter. Barclays PLC now owns 6,154 shares of the company’s stock valued at $169,000 after buying an additional 1,187 shares in the last quarter. A.R.T. Advisors LLC acquired a new stake in shares of National Instruments Corp. during the second quarter valued at approximately $227,000. Guggenheim Capital LLC increased its stake in shares of National Instruments Corp. by 1.2% in the second quarter. Guggenheim Capital LLC now owns 8,445 shares of the company’s stock valued at $231,000 after buying an additional 101 shares in the last quarter. Hsbc Holdings PLC increased its stake in shares of National Instruments Corp. by 7.2% in the second quarter. Hsbc Holdings PLC now owns 8,923 shares of the company’s stock valued at $244,000 after buying an additional 597 shares in the last quarter. Finally, Pacer Advisors Inc. acquired a new stake in shares of National Instruments Corp. during the second quarter valued at approximately $249,000. Institutional investors and hedge funds own 73.74% of the company’s stock.
National Instruments Corp. Company Profile