National Instruments (NATI) Set to Announce Quarterly Earnings on Tuesday

National Instruments (NASDAQ:NATI) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, January 30th. Analysts expect National Instruments to post earnings of $0.36 per share for the quarter. National Instruments has set its Q4 guidance at $0.34-0.48 EPS.

National Instruments (NASDAQ:NATI) last announced its quarterly earnings results on Thursday, October 26th. The technology company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $320.90 million during the quarter, compared to analysts’ expectations of $319.78 million. National Instruments had a net margin of 8.72% and a return on equity of 10.16%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.25 earnings per share. On average, analysts expect National Instruments to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of National Instruments (NASDAQ NATI) opened at $46.31 on Tuesday. The company has a market cap of $6,050.00, a price-to-earnings ratio of 57.17 and a beta of 0.93. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.22 and a quick ratio of 2.53. National Instruments has a 12 month low of $29.80 and a 12 month high of $46.58.

A number of analysts have commented on the stock. BidaskClub upgraded shares of National Instruments from a “sell” rating to a “hold” rating in a research note on Thursday, January 18th. Stifel Nicolaus reiterated a “buy” rating and issued a $46.00 price target on shares of National Instruments in a research note on Sunday, October 29th. Finally, Zacks Investment Research upgraded shares of National Instruments from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research note on Thursday, December 28th.

In other news, Director James J. Truchard sold 985,162 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $43.66, for a total transaction of $43,012,172.92. Following the completion of the sale, the director now owns 8,345,037 shares in the company, valued at approximately $364,344,315.42. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jeffrey L. Kodosky sold 2,000 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $45.19, for a total transaction of $90,380.00. Following the sale, the director now owns 8,337,537 shares of the company’s stock, valued at approximately $376,773,297.03. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,047,351 shares of company stock valued at $45,694,538. Corporate insiders own 9.92% of the company’s stock.

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About National Instruments

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.

Earnings History for National Instruments (NASDAQ:NATI)

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