National Instruments Corporation (NATI) Posts Quarterly Earnings Results
National Instruments Corporation (NASDAQ:NATI) issued its earnings results on Thursday. The technology company reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.02, Yahoo Finance reports. National Instruments Corporation had a return on equity of 9.81% and a net margin of 8.11%. The business had revenue of $320.90 million during the quarter, compared to analysts’ expectations of $319.78 million. During the same period in the prior year, the business earned $0.25 EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. National Instruments Corporation updated its Q4 guidance to $0.34-0.48 EPS.
National Instruments Corporation (NATI) opened at 44.35 on Friday. The company has a market capitalization of $5.79 billion, a price-to-earnings ratio of 60.01 and a beta of 0.96. National Instruments Corporation has a 52-week low of $27.08 and a 52-week high of $45.30. The stock has a 50 day moving average price of $42.34 and a 200 day moving average price of $39.47.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Monday, November 13th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.89%. National Instruments Corporation’s payout ratio is 107.69%.
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In related news, Director James J. Truchard sold 7,500 shares of National Instruments Corporation stock in a transaction on Monday, October 16th. The stock was sold at an average price of $44.43, for a total value of $333,225.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey L. Kodosky sold 2,000 shares of National Instruments Corporation stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $42.36, for a total value of $84,720.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 70,000 shares of company stock valued at $2,919,460. 9.92% of the stock is currently owned by company insiders.
Several research analysts have recently commented on NATI shares. Zacks Investment Research lowered National Instruments Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, September 28th. Stifel Nicolaus reissued a “buy” rating on shares of National Instruments Corporation in a research report on Tuesday, September 26th. Finally, BidaskClub lowered National Instruments Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $40.25.
About National Instruments Corporation
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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