National Instruments Corp. (NATI) Releases Quarterly Earnings Results
National Instruments Corp. (NASDAQ:NATI) posted its quarterly earnings results on Tuesday. The company reported $0.25 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.19 by $0.06, Stock Ratings Network.com reports. The company had revenue of $312.70 million for the quarter, compared to the consensus estimate of $311.37 million. During the same quarter last year, the company posted $0.18 earnings per share. National Instruments Corp.’s revenue was up 5.6% compared to the same quarter last year. National Instruments Corp. updated its Q3 guidance to $0.19-0.31 EPS.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of National Instruments Corp. from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 1st. They now have a $33.20 price target on the stock. On a related note, analysts at TheStreet upgraded shares of National Instruments Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, June 18th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. National Instruments Corp. presently has a consensus rating of “Hold” and a consensus price target of $33.40.
In other National Instruments Corp. news, Director Jeffrey L. Kodosky sold 4,000 shares of the company’s stock on the open market in a transaction dated Monday, July 21st. The stock was sold at an average price of $31.96, for a total value of $127,840.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
National Instruments Corp. (NASDAQ:NATI) traded up 1.01% during mid-day trading on Tuesday, hitting $32.02. The stock had a trading volume of 426,367 shares. National Instruments Corp. has a 1-year low of $26.25 and a 1-year high of $33.00. The stock’s 50-day moving average is $31.80 and its 200-day moving average is $29.59. The company has a market cap of $4.039 billion and a price-to-earnings ratio of 49.53.
National Instruments Corporation (NASDAQ:NATI) is engaged in designing, manufacturing and selling tools to engineers and scientists.
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