NETGEAR (NTGR) Scheduled to Post Quarterly Earnings on Thursday
NETGEAR (NASDAQ:NTGR) will be announcing its Q313 earnings results on Thursday, October 24th. Analysts expect the company to announce earnings of $0.58 per share and revenue of $354.07 million for the quarter.
NETGEAR (NASDAQ:NTGR) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.62 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.56 by $0.06. The company had revenue of $357.70 million for the quarter, compared to the consensus estimate of $353.28 million. During the same quarter in the prior year, the company posted $0.64 earnings per share. The company’s quarterly revenue was up 11.5% on a year-over-year basis.
NETGEAR (NASDAQ:NTGR) traded down 1.19% during mid-day trading on Wednesday, hitting $31.975. The stock had a trading volume of 3,641 shares. NETGEAR has a 52-week low of $26.82 and a 52-week high of $40.97. The stock’s 50-day moving average is $29.67 and its 200-day moving average is $31.61. The company has a market cap of $1.236 billion and a price-to-earnings ratio of 18.28.
A number of research firms have recently commented on NTGR. Analysts at Raymond James initiated coverage on shares of NETGEAR in a research note to investors on Thursday, September 26th. They set an “outperform” rating and a $35.00 price target on the stock. On a related note, analysts at Zacks upgraded shares of NETGEAR from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, September 26th. They now have a $31.30 price target on the stock. Finally, analysts at Zacks downgraded shares of NETGEAR from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, August 7th. They now have a $28.60 price target on the stock. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $34.41.
In other NETGEAR news, Director Jef Graham unloaded 6,000 shares of the stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $32.00, for a total value of $192,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
NETGEAR, Inc is a global networking company that delivers products to consumers, businesses and service providers.
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