Brokerages expect NETGEAR, Inc. (NASDAQ:NTGR) to announce earnings per share (EPS) of $0.66 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for NETGEAR’s earnings. The lowest EPS estimate is $0.64 and the highest is $0.67. NETGEAR posted earnings of $0.88 per share in the same quarter last year, which suggests a negative year over year growth rate of 25%. The business is expected to issue its next quarterly earnings report on Tuesday, February 6th.
According to Zacks, analysts expect that NETGEAR will report full-year earnings of $2.70 per share for the current year, with EPS estimates ranging from $2.68 to $2.71. For the next fiscal year, analysts forecast that the firm will post earnings of $2.87 per share, with EPS estimates ranging from $2.80 to $2.94. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover NETGEAR.
NETGEAR (NASDAQ:NTGR) last posted its quarterly earnings results on Wednesday, October 25th. The communications equipment provider reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.13. The company had revenue of $355.48 million for the quarter, compared to the consensus estimate of $349.36 million. NETGEAR had a return on equity of 10.57% and a net margin of 5.33%. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.76 EPS.
Several analysts recently weighed in on the company. Zacks Investment Research downgraded NETGEAR from a “hold” rating to a “sell” rating in a research note on Friday, October 13th. BWS Financial raised NETGEAR from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research report on Monday, October 9th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. NETGEAR currently has a consensus rating of “Hold” and an average price target of $62.75.
NETGEAR (NASDAQ:NTGR) traded up $0.45 during trading on Monday, hitting $51.30. The company had a trading volume of 386,638 shares, compared to its average volume of 398,410. The stock has a market cap of $1,603.39, a P/E ratio of 20.46 and a beta of 1.52. NETGEAR has a 52 week low of $41.50 and a 52 week high of $59.92.
In other news, SVP Michael F. Falcon sold 1,042 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $51.30, for a total transaction of $53,454.60. Following the transaction, the senior vice president now directly owns 34,612 shares of the company’s stock, valued at approximately $1,775,595.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Michael F. Falcon sold 520 shares of the firm’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $50.00, for a total value of $26,000.00. Following the completion of the transaction, the senior vice president now directly owns 34,611 shares in the company, valued at $1,730,550. The disclosure for this sale can be found here. Insiders have sold a total of 102,138 shares of company stock worth $4,960,106 over the last three months. Insiders own 6.20% of the company’s stock.
A number of hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP increased its stake in NETGEAR by 2.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,764,602 shares of the communications equipment provider’s stock worth $119,155,000 after buying an additional 66,287 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of NETGEAR by 11.4% during the third quarter. Bank of New York Mellon Corp now owns 1,917,611 shares of the communications equipment provider’s stock valued at $91,278,000 after purchasing an additional 196,863 shares in the last quarter. Alliancebernstein L.P. grew its position in shares of NETGEAR by 28.2% during the second quarter. Alliancebernstein L.P. now owns 1,417,760 shares of the communications equipment provider’s stock valued at $61,105,000 after purchasing an additional 311,735 shares in the last quarter. First Trust Advisors LP grew its position in shares of NETGEAR by 34.5% during the second quarter. First Trust Advisors LP now owns 1,154,306 shares of the communications equipment provider’s stock valued at $49,751,000 after purchasing an additional 295,823 shares in the last quarter. Finally, LSV Asset Management grew its position in shares of NETGEAR by 3.7% during the second quarter. LSV Asset Management now owns 1,066,653 shares of the communications equipment provider’s stock valued at $45,972,000 after purchasing an additional 38,000 shares in the last quarter. Institutional investors and hedge funds own 97.52% of the company’s stock.
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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