National Instruments Corp (NATI) Expected to Announce Quarterly Sales of $380.05 Million
Equities analysts expect National Instruments Corp (NASDAQ:NATI) to report sales of $380.05 million for the current quarter, Zacks reports. Three analysts have issued estimates for National Instruments’ earnings, with the highest sales estimate coming in at $382.20 million and the lowest estimate coming in at $378.70 million. National Instruments reported sales of $349.75 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.7%. The company is scheduled 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 financial year. For the next year, analysts expect that the company will report sales of $1.49 billion, with estimates ranging from $1.48 billion to $1.50 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for National Instruments.
National Instruments (NASDAQ:NATI) last released its quarterly earnings results on Thursday, October 25th. The technology company reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.04. National Instruments had a return on equity of 14.02% and a net margin of 5.50%. The firm had revenue of $346.13 million during the quarter, compared to analysts’ expectations of $342.65 million.
In other news, Director Jeffrey L. Kodosky sold 1,600 shares of National Instruments stock in a transaction on Monday, November 12th. The stock was sold at an average price of $49.20, for a total value of $78,720.00. Following the completion of the sale, the director now directly owns 361,845 shares of the company’s stock, valued at approximately $17,802,774. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James J. Truchard sold 17,500 shares of National Instruments stock in a transaction on Monday, August 20th. The shares were sold at an average price of $44.97, for a total value of $786,975.00. Following the completion of the sale, the director now directly owns 6,120,037 shares of the company’s stock, valued at $275,218,063.89. The disclosure for this sale can be found here. Insiders sold a total of 313,167 shares of company stock valued at $14,473,096 over the last three months. Insiders own 7.98% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Stevens Capital Management LP acquired a new stake in shares of National Instruments during the second quarter worth $739,000. First Trust Advisors LP grew its stake in shares of National Instruments by 1,697.8% during the second quarter. First Trust Advisors LP now owns 402,697 shares of the technology company’s stock worth $16,905,000 after purchasing an additional 380,297 shares during the period. Swiss National Bank grew its stake in shares of National Instruments by 6.1% during the second quarter. Swiss National Bank now owns 217,000 shares of the technology company’s stock worth $9,110,000 after purchasing an additional 12,400 shares during the period. Eqis Capital Management Inc. grew its stake in shares of National Instruments by 95.7% during the second quarter. Eqis Capital Management Inc. now owns 22,699 shares of the technology company’s stock worth $953,000 after purchasing an additional 11,099 shares during the period. Finally, Xact Kapitalforvaltning AB grew its stake in shares of National Instruments by 24.0% during the second quarter. Xact Kapitalforvaltning AB now owns 17,560 shares of the technology company’s stock worth $737,000 after purchasing an additional 3,400 shares during the period. 76.88% of the stock is owned by institutional investors.
NATI stock traded up $1.48 during midday trading on Friday, reaching $49.64. 627,700 shares of the company’s stock traded hands, compared to its average volume of 609,219. National Instruments has a 1-year low of $38.78 and a 1-year high of $53.57. The stock has a market capitalization of $6.52 billion, a price-to-earnings ratio of 52.81 and a beta of 0.98.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Monday, November 12th will be paid a $0.23 dividend. The ex-dividend date is Thursday, November 8th. This represents a $0.92 annualized dividend and a dividend yield of 1.85%. National Instruments’s dividend payout ratio (DPR) is currently 97.87%.
About National Instruments
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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