Brokerages expect National Instruments Corporation (NASDAQ:NATI) to report $0.34 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for National Instruments’ earnings, with the highest EPS estimate coming in at $0.36 and the lowest estimate coming in at $0.32. National Instruments also reported earnings of $0.34 per share during the same quarter last year. The business is scheduled to report its next quarterly earnings report after the market closes on Tuesday, January 30th.
Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for National Instruments.
National Instruments (NASDAQ:NATI) last issued its earnings results on Thursday, October 26th. The technology company reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.02. The company had revenue of $320.90 million during the quarter, compared to analysts’ expectations of $319.78 million. National Instruments had a return on equity of 10.16% and a net margin of 8.72%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.25 EPS.
Shares of National Instruments (NASDAQ:NATI) traded up $0.33 during trading hours on Friday, reaching $44.31. The company’s stock had a trading volume of 454,032 shares, compared to its average volume of 536,213. The stock has a market cap of $5,790.00, a PE ratio of 54.70 and a beta of 0.93. The company has a current ratio of 3.22, a quick ratio of 2.53 and a debt-to-equity ratio of 0.01. National Instruments has a 12 month low of $29.80 and a 12 month high of $46.33.
In related news, Director James J. Truchard sold 985,162 shares of the stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $43.66, for a total transaction of $43,012,172.92. Following the transaction, the director now owns 8,345,037 shares of the company’s stock, valued at approximately $364,344,315.42. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Jeffrey L. Kodosky sold 1,600 shares of the stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $43.77, for a total value of $70,032.00. Following the transaction, the director now directly owns 8,270,037 shares in the company, valued at approximately $361,979,519.49. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,060,751 shares of company stock valued at $46,285,981. Company insiders own 9.92% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. First Citizens Bank & Trust Co. acquired a new position in National Instruments during the 4th quarter worth about $292,000. GSA Capital Partners LLP raised its position in National Instruments by 148.9% in the 3rd quarter. GSA Capital Partners LLP now owns 21,227 shares of the technology company’s stock valued at $895,000 after purchasing an additional 12,700 shares in the last quarter. California Public Employees Retirement System raised its position in National Instruments by 12.8% in the 3rd quarter. California Public Employees Retirement System now owns 232,787 shares of the technology company’s stock valued at $9,817,000 after purchasing an additional 26,387 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in National Instruments in the 3rd quarter valued at about $300,000. Finally, Zions Bancorporation acquired a new stake in National Instruments in the 3rd quarter valued at about $129,000. 78.04% of the stock is currently owned by hedge funds and other institutional investors.
About National Instruments
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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