Wall Street analysts predict that National Instruments Corp (NASDAQ:NATI) will post $0.26 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Zero analysts have made estimates for National Instruments’ earnings. The lowest EPS estimate is $0.25 and the highest is $0.26. 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 business is scheduled to issue its next earnings results after the market closes on Thursday, July 30th.

Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for National Instruments.

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

A number of equities research analysts have recently commented on NATI shares. BidaskClub raised shares of National Instruments from a “sell” rating to a “hold” rating in a research note on Wednesday, June 10th. Royal Bank of Canada reaffirmed a “hold” rating and set a $39.00 price objective on shares of National Instruments in a research note on Thursday, April 30th. JPMorgan Chase & Co. assumed coverage on shares of National Instruments in a research note on Tuesday, April 14th. They set a “neutral” rating and a $37.00 price objective on the stock. Stifel Nicolaus dropped their price target on shares of National Instruments from $50.00 to $46.00 and set a “hold” rating on the stock in a research note on Friday, May 1st. Finally, Robert W. Baird lifted their price target on shares of National Instruments from $30.00 to $46.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $42.50.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Advisor Group Inc. raised its stake in shares of National Instruments by 3.9% during the fourth quarter. Advisor Group Inc. now owns 8,059 shares of the technology company’s stock worth $340,000 after purchasing an additional 301 shares during the last quarter. FMR LLC raised its stake in shares of National Instruments by 38.5% during the fourth quarter. FMR LLC now owns 1,154 shares of the technology company’s stock worth $48,000 after purchasing an additional 321 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of National Instruments by 3.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,714 shares of the technology company’s stock worth $369,000 after purchasing an additional 326 shares during the last quarter. Eqis Capital Management Inc. raised its stake in shares of National Instruments by 2.2% during the first quarter. Eqis Capital Management Inc. now owns 15,226 shares of the technology company’s stock worth $686,000 after purchasing an additional 328 shares during the last quarter. Finally, Signaturefd LLC raised its stake in shares of National Instruments by 87.6% during the first quarter. Signaturefd LLC now owns 771 shares of the technology company’s stock worth $26,000 after purchasing an additional 360 shares during the last quarter. 85.09% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ NATI traded up $0.71 during midday trading on Thursday, reaching $38.70. 30,972 shares of the stock were exchanged, compared to its average volume of 573,577. The firm has a market cap of $4.88 billion, a price-to-earnings ratio of 18.43 and a beta of 1.03. National Instruments has a twelve month low of $20.42 and a twelve month high of $47.89. The firm has a 50-day simple moving average of $38.72 and a two-hundred day simple moving average of $39.44.

The firm also recently declared a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Monday, May 18th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend was Friday, May 15th. National Instruments’s dividend payout ratio (DPR) is 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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