National Instruments Corporation (NATI) Expected to Post Earnings of $0.34 Per Share

Equities analysts predict that National Instruments Corporation (NASDAQ:NATI) will announce earnings of $0.34 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for National Instruments’ earnings, with the highest EPS estimate coming in at $0.36 and the lowest estimate coming in at $0.32. National Instruments also reported earnings of $0.34 per share in the same quarter last year. The business is scheduled to issue its next quarterly earnings results after the market closes on Tuesday, January 30th.

Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover National Instruments.

National Instruments (NASDAQ:NATI) last issued its earnings results on Thursday, October 26th. The technology company reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.02. The company had revenue of $320.90 million during the quarter, compared to analysts’ expectations of $319.78 million. National Instruments had a return on equity of 10.16% and a net margin of 8.72%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.25 EPS.

Several brokerages have issued reports on NATI. BidaskClub upgraded National Instruments from a “strong sell” rating to a “sell” rating in a report on Friday, January 5th. Zacks Investment Research cut National Instruments from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Finally, Stifel Nicolaus reiterated a “buy” rating on shares of National Instruments in a report on Tuesday, September 26th.

In other news, Director Jeffrey L. Kodosky sold 1,600 shares of the stock in a transaction on Monday, January 8th. The stock was sold at an average price of $43.77, for a total transaction of $70,032.00. Following the completion of the transaction, the director now directly owns 8,270,037 shares in the company, valued at approximately $361,979,519.49. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James J. Truchard sold 985,162 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $43.66, for a total value of $43,012,172.92. Following the transaction, the director now owns 8,345,037 shares of the company’s stock, valued at $364,344,315.42. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,060,751 shares of company stock valued at $46,285,981. Company insiders own 9.92% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NATI. Schwab Charles Investment Management Inc. grew its holdings in shares of National Instruments by 7.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 436,850 shares of the technology company’s stock worth $17,571,000 after purchasing an additional 28,994 shares during the period. Legal & General Group Plc lifted its stake in National Instruments by 23.1% during the 2nd quarter. Legal & General Group Plc now owns 87,054 shares of the technology company’s stock worth $3,502,000 after acquiring an additional 16,362 shares in the last quarter. Prudential Financial Inc. lifted its stake in National Instruments by 0.6% during the 2nd quarter. Prudential Financial Inc. now owns 66,238 shares of the technology company’s stock worth $2,664,000 after acquiring an additional 390 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in National Instruments by 6.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,058 shares of the technology company’s stock worth $163,000 after acquiring an additional 241 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in National Instruments by 6.3% during the 2nd quarter. Principal Financial Group Inc. now owns 455,072 shares of the technology company’s stock worth $18,302,000 after acquiring an additional 27,032 shares in the last quarter. Institutional investors and hedge funds own 78.04% of the company’s stock.

Shares of National Instruments (NASDAQ NATI) traded up $0.33 during trading hours on Friday, reaching $44.31. The company’s stock had a trading volume of 454,032 shares, compared to its average volume of 536,213. The company has a current ratio of 3.22, a quick ratio of 2.53 and a debt-to-equity ratio of 0.01. The stock has a market cap of $5,790.00, a PE ratio of 54.70 and a beta of 0.93. National Instruments has a 12 month low of $29.80 and a 12 month high of $46.33.

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National Instruments Company Profile

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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