National Instruments Corp (NATI) Expected to Post Quarterly Sales of $380.05 Million

Brokerages expect National Instruments Corp (NASDAQ:NATI) to announce sales of $380.05 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for National Instruments’ earnings, with estimates ranging from $378.70 million to $382.20 million. National Instruments posted sales of $349.75 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 8.7%. The business is expected to announce its next earnings results on Tuesday, January 29th.

On average, analysts expect that National Instruments will report full year sales of $1.38 billion for the current fiscal year. For the next year, analysts forecast that the company will report sales of $1.48 billion, with estimates ranging from $1.48 billion to $1.49 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for National Instruments.

National Instruments (NASDAQ:NATI) last posted its quarterly earnings data on Thursday, October 25th. The technology company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. The business had revenue of $346.13 million for the quarter, compared to analyst estimates of $342.65 million. National Instruments had a return on equity of 14.02% and a net margin of 5.50%.

A number of analysts recently commented on NATI shares. Zacks Investment Research raised National Instruments from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a research note on Saturday, September 29th. Deutsche Bank raised National Instruments from a “hold” rating to a “buy” rating and increased their price objective for the company from $45.00 to $50.00 in a research note on Friday, October 26th. BidaskClub raised National Instruments from a “hold” rating to a “buy” rating in a research note on Thursday, August 30th. Finally, Stifel Nicolaus started coverage on National Instruments in a research note on Monday, October 22nd. They set a “hold” rating and a $48.00 price objective on the stock. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $50.25.

NATI opened at $48.96 on Monday. The firm has a market cap of $6.48 billion, a P/E ratio of 52.09 and a beta of 0.98. National Instruments has a 52 week low of $38.78 and a 52 week high of $53.57.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Monday, November 12th will be given a dividend of $0.23 per share. The ex-dividend date is Thursday, November 8th. This represents a $0.92 annualized dividend and a yield of 1.88%. National Instruments’s dividend payout ratio (DPR) is presently 97.87%.

In related news, insider John Charles Roiko sold 1,179 shares of the stock in a transaction dated Tuesday, November 6th. The stock was sold at an average price of $49.28, for a total transaction of $58,101.12. Following the transaction, the insider now directly owns 19,419 shares in the company, valued at $956,968.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Eric Howard Starkloff sold 2,500 shares of the stock in a transaction dated Tuesday, October 30th. The stock was sold at an average price of $49.18, for a total value of $122,950.00. Following the transaction, the chief operating officer now owns 67,562 shares in the company, valued at $3,322,699.16. The disclosure for this sale can be found here. Insiders have sold 108,255 shares of company stock worth $5,193,017 over the last quarter. 7.98% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NATI. Acadian Asset Management LLC purchased a new position in shares of National Instruments in the 2nd quarter worth about $253,000. BNP Paribas Arbitrage SA raised its holdings in shares of National Instruments by 126.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,853 shares of the technology company’s stock worth $414,000 after purchasing an additional 5,493 shares during the period. TD Asset Management Inc. raised its holdings in shares of National Instruments by 2.9% in the 2nd quarter. TD Asset Management Inc. now owns 141,457 shares of the technology company’s stock worth $5,938,000 after purchasing an additional 4,000 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of National Instruments in the 2nd quarter worth about $387,000. Finally, Synovus Financial Corp raised its holdings in shares of National Instruments by 17,634.1% in the 2nd quarter. Synovus Financial Corp now owns 7,803 shares of the technology company’s stock worth $328,000 after purchasing an additional 7,759 shares during the period. Hedge funds and other institutional investors own 75.56% of the company’s stock.

National Instruments Company Profile

National Instruments Corporation designs, manufactures, and sells systems to engineers and scientists worldwide. It offers LabVIEW, a system design software for measurement, automation, and control; LabVIEW Real-Time and LabVIEW FPGA, which are software add-ons to LabVIEW; LabVIEW Communications System Design Suite for wireless prototyping; LabWindows/CVI for creating test and control applications; and Measurement Studio consisting of measurement and automation add-on libraries, and additional tools for programmers.

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