National Instruments Corp (NASDAQ:NATI) Expected to Post Earnings of $0.35 Per Share

Wall Street analysts forecast that National Instruments Corp (NASDAQ:NATI) will report $0.35 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have made estimates for National Instruments’ earnings. The lowest EPS estimate is $0.34 and the highest is $0.36. National Instruments posted earnings of $0.34 per share in the same quarter last year, which would suggest a positive year over year growth rate of 2.9%. The business is scheduled to announce its next quarterly earnings results on Thursday, July 25th.

Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover National Instruments.

National Instruments (NASDAQ:NATI) last released its quarterly earnings data on Tuesday, April 30th. The technology company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). National Instruments had a net margin of 11.34% and a return on equity of 15.19%. The company had revenue of $311.07 million for the quarter, compared to the consensus estimate of $321.25 million.

NATI has been the topic of a number of analyst reports. Deutsche Bank lowered National Instruments from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Zacks Investment Research upgraded National Instruments from a “sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. Finally, BidaskClub lowered National Instruments from a “sell” rating to a “strong sell” rating in a research note on Saturday, March 9th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $48.50.

In other National Instruments news, Director Jeffrey L. Kodosky sold 2,000 shares of the company’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $38.56, for a total value of $77,120.00. Following the transaction, the director now directly owns 350,410 shares in the company, valued at approximately $13,511,809.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Scott Arthur Rust sold 3,027 shares of the company’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $40.88, for a total value of $123,743.76. Following the completion of the transaction, the insider now owns 40,659 shares in the company, valued at $1,662,139.92. The disclosure for this sale can be found here. Insiders sold a total of 22,527 shares of company stock worth $964,794 over the last 90 days. Corporate insiders own 1.79% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in NATI. Executive Wealth Management LLC purchased a new position in shares of National Instruments in the 4th quarter worth about $25,000. Quadrant Capital Group LLC boosted its holdings in shares of National Instruments by 2,522.7% in the 1st quarter. Quadrant Capital Group LLC now owns 1,154 shares of the technology company’s stock worth $49,000 after purchasing an additional 1,110 shares in the last quarter. Icon Wealth Partners LLC purchased a new position in shares of National Instruments in the 1st quarter worth about $49,000. Financial Gravity Wealth Inc. purchased a new position in shares of National Instruments in the 1st quarter worth about $59,000. Finally, Fort L.P. boosted its holdings in shares of National Instruments by 21.2% in the 4th quarter. Fort L.P. now owns 1,605 shares of the technology company’s stock worth $73,000 after purchasing an additional 281 shares in the last quarter. Institutional investors and hedge funds own 79.51% of the company’s stock.

NASDAQ:NATI opened at $39.97 on Wednesday. National Instruments has a 52-week low of $38.01 and a 52-week high of $51.00. The company has a market cap of $5.31 billion, a price-to-earnings ratio of 29.83 and a beta of 0.94. The company’s fifty day moving average is $40.28.

The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 13th were paid a $0.25 dividend. The ex-dividend date was Friday, May 10th. This represents a $1.00 dividend on an annualized basis and a yield of 2.50%. National Instruments’s dividend payout ratio is currently 74.63%.

National Instruments Company Profile

National Instruments Corporation provides a software-centric platform and systems to engineers and scientists worldwide. Its programming environments software includes LabVIEW, a graphical application software package to visualize hardware configuration, measurement data, and debugging of application; LabWindows/CVI, an ANSI C integrated development environment and engineering toolbox with built-in libraries for measurement, analysis, and engineering UI design; and NI Measurement Studio, a suite of .NET tools designed for building engineering applications in Microsoft Visual Studio to acquire, analyze, and display measurement data.

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