Wall Street brokerages expect that National Instruments Corp (NASDAQ:NATI) will report earnings per share of $0.26 for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for National Instruments’ earnings. The highest EPS estimate is $0.26 and the lowest is $0.25. National Instruments posted earnings per share of $0.35 in the same quarter last year, which would indicate a negative year-over-year growth rate of 25.7%. The company is scheduled to report its next earnings report after the market closes on Thursday, July 30th.

Zacks’ EPS averages are an average based on a survey of sell-side research firms that cover National Instruments.

National Instruments (NASDAQ:NATI) last announced its quarterly earnings results on Thursday, April 30th. The technology company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.84. National Instruments had a net margin of 20.09% and a return on equity of 13.96%. The firm had revenue of $309.38 million during the quarter, compared to analyst estimates of $312.11 million. During the same period in the previous year, the business posted $0.30 earnings per share. The business’s revenue for the quarter was down .6% on a year-over-year basis.

NATI has been the subject of a number of research analyst reports. Robert W. Baird lifted their price target on shares of National Instruments from $30.00 to $46.00 and gave the stock an “outperform” rating in a research note on Monday, May 4th. Zacks Investment Research upgraded shares of National Instruments from a “sell” rating to a “hold” rating in a research report on Thursday, June 4th. Stifel Nicolaus cut their target price on shares of National Instruments from $50.00 to $46.00 and set a “hold” rating for the company in a research report on Friday, May 1st. Susquehanna Bancshares restated a “hold” rating and set a $35.00 target price on shares of National Instruments in a research report on Tuesday, June 9th. Finally, JPMorgan Chase & Co. initiated coverage on shares of National Instruments in a research report on Tuesday, April 14th. They set a “neutral” rating and a $37.00 target price for the company. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $42.50.

Several institutional investors and hedge funds have recently bought and sold shares of NATI. First Trust Advisors LP boosted its position in shares of National Instruments by 1,225.5% in the first quarter. First Trust Advisors LP now owns 81,984 shares of the technology company’s stock worth $3,637,000 after purchasing an additional 75,799 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of National Instruments by 13.0% in the fourth quarter. Victory Capital Management Inc. now owns 117,154 shares of the technology company’s stock worth $4,960,000 after buying an additional 13,521 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of National Instruments by 3.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,714 shares of the technology company’s stock worth $369,000 after buying an additional 326 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of National Instruments by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 730,352 shares of the technology company’s stock worth $30,924,000 after buying an additional 18,198 shares in the last quarter. Finally, FMR LLC lifted its holdings in shares of National Instruments by 38.5% in the fourth quarter. FMR LLC now owns 1,154 shares of the technology company’s stock worth $48,000 after buying an additional 321 shares in the last quarter. Institutional investors and hedge funds own 85.09% of the company’s stock.

Shares of NATI stock traded up $0.71 during trading hours on Thursday, reaching $38.70. The company had a trading volume of 30,972 shares, compared to its average volume of 573,577. The business has a fifty day moving average price of $38.72 and a 200-day moving average price of $39.44. National Instruments has a one year low of $20.42 and a one year high of $47.89. The firm has a market cap of $4.88 billion, a PE ratio of 18.43 and a beta of 1.03.

The company also recently declared a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Monday, May 18th were given a $0.26 dividend. The ex-dividend date was Friday, May 15th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.69%. National Instruments’s payout ratio is currently 79.39%.

About National Instruments

National Instruments Corporation provides a software-centric platform and systems to engineers and scientists worldwide. Its programming environments software includes LabVIEW, a graphical application software package to visualize hardware configuration, measurement data, and debugging of application; LabWindows/CVI, an ANSI C integrated development environment and engineering toolbox with built-in libraries for measurement, analysis, and engineering UI design; and NI Measurement Studio, a suite of .NET tools designed for building engineering applications in Microsoft Visual Studio to acquire, analyze, and display measurement data.

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