Analysts expect NETGEAR, Inc. (NASDAQ:NTGR) to report earnings per share (EPS) of $0.44 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for NETGEAR’s earnings, with the lowest EPS estimate coming in at $0.44 and the highest estimate coming in at $0.45. NETGEAR posted earnings of $0.61 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 27.9%. The company is expected to issue its next quarterly earnings results after the market closes on Wednesday, July 26th.

According to Zacks, analysts expect that NETGEAR will report full year earnings of $2.22 per share for the current year, with EPS estimates ranging from $2.18 to $2.26. For the next fiscal year, analysts anticipate that the company will report earnings of $2.55 per share. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for NETGEAR.

NETGEAR (NASDAQ:NTGR) last announced its quarterly earnings results on Wednesday, April 26th. The communications equipment provider reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.03. The company had revenue of $323.70 million for the quarter, compared to analysts’ expectations of $309.48 million. NETGEAR had a net margin of 5.61% and a return on equity of 11.30%. NETGEAR’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.74 EPS.

NTGR has been the topic of several analyst reports. Global Equities Research reiterated a “buy” rating and issued a $85.00 target price on shares of NETGEAR in a research note on Tuesday, June 13th. Zacks Investment Research upgraded NETGEAR from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $62.48.

In other NETGEAR news, CEO Patrick Cs Lo sold 9,900 shares of the firm’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $46.79, for a total value of $463,221.00. Following the completion of the sale, the chief executive officer now owns 155,418 shares of the company’s stock, valued at $7,272,008.22. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Barbara Vaughn Scherer sold 2,394 shares of the firm’s stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $44.40, for a total value of $106,293.60. Following the completion of the sale, the director now directly owns 16,825 shares of the company’s stock, valued at approximately $747,030. The disclosure for this sale can be found here. In the last three months, insiders sold 45,174 shares of company stock valued at $2,016,086. Corporate insiders own 6.20% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its stake in NETGEAR by 17.1% in the first quarter. Envestnet Asset Management Inc. now owns 2,080 shares of the communications equipment provider’s stock worth $103,000 after buying an additional 304 shares during the period. Victory Capital Management Inc. increased its stake in NETGEAR by 42.8% in the first quarter. Victory Capital Management Inc. now owns 2,724 shares of the communications equipment provider’s stock worth $135,000 after buying an additional 817 shares during the period. Ameritas Investment Partners Inc. purchased a new stake in NETGEAR during the first quarter worth approximately $139,000. US Bancorp DE increased its stake in NETGEAR by 9.2% in the first quarter. US Bancorp DE now owns 3,243 shares of the communications equipment provider’s stock worth $161,000 after buying an additional 272 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. increased its stake in NETGEAR by 364.8% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 3,500 shares of the communications equipment provider’s stock worth $173,000 after buying an additional 2,747 shares during the period. 98.84% of the stock is owned by hedge funds and other institutional investors.

NETGEAR (NTGR) opened at 44.45 on Wednesday. The company has a 50-day moving average of $44.03 and a 200-day moving average of $49.36. NETGEAR has a 52 week low of $41.50 and a 52 week high of $60.82. The company has a market cap of $1.44 billion, a PE ratio of 20.04 and a beta of 1.53.

NETGEAR announced that its Board of Directors has authorized a stock repurchase program on Wednesday, April 26th that allows the company to repurchase 3,000,000 shares. This repurchase authorization allows the communications equipment provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

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NETGEAR Company Profile

NETGEAR, Inc designs, develops and markets networking solutions and smart connected products for consumers, businesses and service providers. The Company’s product line consists of devices, such as network attached storage, Internet protocol (IP) security cameras, and home automation devices and services.

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