Gen Digital (NASDAQ:GEN) Announces Q2 2027 Earnings Guidance

Gen Digital (NASDAQ:GEN) updated its second quarter 2027 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 0.730-0.730 for the period, compared to the consensus earnings per share estimate of 0.700. The company issued revenue guidance of $1.4 billion-$1.4 billion, compared to the consensus revenue estimate of $1.3 billion. Gen Digital also updated its FY 2027 guidance to 2.970-2.970 EPS.

Analyst Ratings Changes

A number of research analysts have commented on GEN shares. Weiss Ratings upgraded shares of Gen Digital from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, July 15th. Wall Street Zen downgraded Gen Digital from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Royal Bank Of Canada decreased their price objective on Gen Digital from $30.00 to $26.00 and set a “sector perform” rating for the company in a research report on Friday. Barclays boosted their target price on Gen Digital from $27.00 to $32.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Finally, Wells Fargo & Company upped their price target on Gen Digital from $22.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Gen Digital currently has an average rating of “Hold” and an average price target of $30.80.

Gen Digital Trading Down 3.6%

Shares of GEN stock opened at $20.85 on Tuesday. The stock has a market cap of $12.48 billion, a P/E ratio of 12.12, a P/E/G ratio of 0.68 and a beta of 1.22. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 3.00. Gen Digital has a fifty-two week low of $17.78 and a fifty-two week high of $31.65. The business has a fifty day simple moving average of $28.40 and a 200-day simple moving average of $24.69.

Gen Digital (NASDAQ:GEN) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. Gen Digital had a net margin of 20.73% and a return on equity of 55.93%. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period last year, the company posted $0.64 EPS. The company’s revenue was up 6.3% on a year-over-year basis. Gen Digital has set its FY 2027 guidance at 2.870-2.970 EPS and its Q2 2027 guidance at 0.710-0.730 EPS. On average, analysts forecast that Gen Digital will post 2.64 earnings per share for the current fiscal year.

Gen Digital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Monday, August 17th were given a dividend of $0.1250 per share. The ex-dividend date was Monday, August 17th. This represents a $0.50 annualized dividend and a yield of 2.4%. Gen Digital’s dividend payout ratio is 29.07%.

Insider Buying and Selling

In related news, Director Ondrej Vlcek sold 200,000 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $30.00, for a total value of $6,000,000.00. Following the transaction, the director directly owned 3,332,904 shares of the company’s stock, valued at approximately $99,987,120. This trade represents a 5.66% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Travis Witteveen sold 30,000 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $29.42, for a total value of $882,600.00. Following the sale, the insider owned 496,545 shares of the company’s stock, valued at $14,608,353.90. The trade was a 5.70% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 558,508 shares of company stock valued at $16,356,093. Insiders own 9.70% of the company’s stock.

About Gen Digital

Gen Digital Inc (NASDAQ: GEN) is a global cybersecurity and consumer safety company that provides products designed to help individuals and families protect their devices, online identities, personal information and digital privacy. The company serves customers through a portfolio of consumer-focused cybersecurity and privacy brands.

Its products and services include antivirus and device security, identity theft protection, virtual private networks, password management, online privacy tools, scam protection and family safety features.