NetScout Systems, Inc. (NTCT) Expected to Announce Earnings of $0.37 Per Share

Equities analysts forecast that NetScout Systems, Inc. (NASDAQ:NTCT) will announce earnings of $0.37 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for NetScout Systems’ earnings, with estimates ranging from $0.33 to $0.40. NetScout Systems reported earnings of $0.65 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 43.1%. The firm is expected to report its next quarterly earnings report on Thursday, May 3rd.

On average, analysts expect that NetScout Systems will report full-year earnings of $1.42 per share for the current financial year, with EPS estimates ranging from $1.37 to $1.46. For the next fiscal year, analysts anticipate that the company will post earnings of $1.65 per share, with EPS estimates ranging from $1.42 to $1.98. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for NetScout Systems.

NetScout Systems (NASDAQ:NTCT) last announced its quarterly earnings data on Tuesday, January 30th. The technology company reported $0.69 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.02. NetScout Systems had a net margin of 7.95% and a return on equity of 5.34%. The company had revenue of $272.00 million for the quarter, compared to the consensus estimate of $271.36 million. During the same period in the prior year, the firm posted $0.60 EPS. The company’s quarterly revenue was down 12.7% compared to the same quarter last year.

Several research analysts have recently issued reports on the stock. Royal Bank of Canada restated a “hold” rating on shares of NetScout Systems in a report on Tuesday, January 30th. B. Riley upped their target price on shares of NetScout Systems from $28.50 to $30.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Craig Hallum set a $23.00 target price on shares of NetScout Systems and gave the company a “hold” rating in a report on Wednesday, January 10th. DA Davidson cut shares of NetScout Systems from a “buy” rating to a “neutral” rating and lowered their target price for the company from $37.00 to $27.00 in a report on Wednesday, January 10th. Finally, Piper Jaffray Companies set a $30.00 target price on shares of NetScout Systems and gave the company a “buy” rating in a report on Thursday, January 11th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $28.67.

Shares of NetScout Systems (NTCT) traded down $0.08 during trading on Friday, hitting $26.92. 666,118 shares of the stock traded hands, compared to its average volume of 1,693,125. NetScout Systems has a fifty-two week low of $25.50 and a fifty-two week high of $38.47. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.61 and a current ratio of 1.70. The firm has a market cap of $2,356.21, a PE ratio of 28.02, a price-to-earnings-growth ratio of 2.59 and a beta of 1.52.

NetScout Systems announced that its Board of Directors has authorized a share buyback program on Thursday, October 26th that allows the company to buyback 25,000,000 shares. This buyback authorization allows the technology company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

In related news, insider John Downing sold 3,000 shares of the stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $28.20, for a total transaction of $84,600.00. Following the completion of the sale, the insider now owns 47,427 shares in the company, valued at approximately $1,337,441.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.51% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in NTCT. Turtle Creek Asset Management Inc. raised its position in NetScout Systems by 59.7% during the 3rd quarter. Turtle Creek Asset Management Inc. now owns 3,073,380 shares of the technology company’s stock worth $99,424,000 after buying an additional 1,148,671 shares during the last quarter. Koch Industries Inc. purchased a new position in NetScout Systems during the 2nd quarter worth $368,000. Dimensional Fund Advisors LP raised its position in NetScout Systems by 8.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,256,839 shares of the technology company’s stock worth $137,710,000 after buying an additional 315,626 shares during the last quarter. First Trust Advisors LP raised its position in NetScout Systems by 47.1% during the 4th quarter. First Trust Advisors LP now owns 543,980 shares of the technology company’s stock worth $16,564,000 after buying an additional 174,147 shares during the last quarter. Finally, Gotham Asset Management LLC purchased a new position in NetScout Systems during the 2nd quarter worth $4,588,000.

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NetScout Systems Company Profile

NetScout Systems, Inc (NetScout) provides operational intelligence and performance analytics for service assurance and cyber security solutions. The Company’s solutions are used in various service provider, enterprise and government networks. Its nGenius and Infinistream technologies, along with certain product lines from the acquired businesses, enable information technology (IT) organizations to manage service delivery quality, and identify and address business service performance issues and security threats.

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Earnings History and Estimates for NetScout Systems (NASDAQ:NTCT)

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