Analysts predict that NortonLifeLock Inc. (NASDAQ:NLOK) will announce $598.74 million in sales for the current quarter, Zacks reports. Five analysts have provided estimates for NortonLifeLock’s earnings. The highest sales estimate is $602.00 million and the lowest is $595.00 million. NortonLifeLock posted sales of $1.25 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 52.1%. The business is scheduled to announce its next quarterly earnings report on Thursday, August 13th.

According to Zacks, analysts expect that NortonLifeLock will report full-year sales of $2.43 billion for the current fiscal year, with estimates ranging from $2.35 billion to $2.47 billion. For the next fiscal year, analysts forecast that the firm will post sales of $2.51 billion, with estimates ranging from $2.44 billion to $2.56 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow NortonLifeLock.

NortonLifeLock (NASDAQ:NLOK) last announced its quarterly earnings data on Thursday, May 14th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.07. The business had revenue of $610.00 million for the quarter, compared to analyst estimates of $602.21 million. NortonLifeLock had a return on equity of 11.63% and a net margin of 125.92%. During the same period in the prior year, the company earned $0.16 earnings per share.

NLOK has been the topic of several research analyst reports. Mizuho raised their price objective on NortonLifeLock from $21.00 to $23.00 and gave the company a “buy” rating in a report on Friday, May 15th. They noted that the move was a valuation call. UBS Group lifted their price objective on NortonLifeLock from $23.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Morgan Stanley raised their target price on NortonLifeLock from $23.00 to $25.00 and gave the stock an “overweight” rating in a research note on Friday, May 15th. Credit Suisse Group lifted their price objective on NortonLifeLock from $17.00 to $19.00 and gave the company a “neutral” rating in a research note on Friday, May 15th. Finally, Robert W. Baird raised NortonLifeLock from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $24.00 to $25.00 in a research note on Monday, June 8th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $22.64.

NortonLifeLock stock traded up $0.24 during midday trading on Wednesday, hitting $20.01. 7,371,100 shares of the company were exchanged, compared to its average volume of 8,563,830. The company has a debt-to-equity ratio of 353.80, a quick ratio of 1.17 and a current ratio of 1.17. NortonLifeLock has a fifty-two week low of $15.12 and a fifty-two week high of $28.70. The business has a fifty day simple moving average of $20.44 and a two-hundred day simple moving average of $21.52. The firm has a market capitalization of $11.94 billion, a PE ratio of 3.31, a price-to-earnings-growth ratio of 3.76 and a beta of 0.89.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.50%. The ex-dividend date was Tuesday, June 9th. NortonLifeLock’s payout ratio is 66.67%.

In related news, President Samir Kapuria sold 45,162 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $20.61, for a total value of $930,788.82. Following the sale, the president now owns 291,481 shares of the company’s stock, valued at approximately $6,007,423.41. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Peter A. Feld sold 10,900,195 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $20.97, for a total value of $228,577,089.15. Following the transaction, the director now directly owns 40,008 shares in the company, valued at approximately $838,967.76. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Janney Montgomery Scott LLC grew its stake in NortonLifeLock by 11.8% in the first quarter. Janney Montgomery Scott LLC now owns 10,084 shares of the company’s stock worth $189,000 after purchasing an additional 1,062 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in NortonLifeLock by 86.3% in the first quarter. Rockefeller Capital Management L.P. now owns 2,306 shares of the company’s stock worth $43,000 after acquiring an additional 1,068 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in NortonLifeLock by 3.4% in the first quarter. Baird Financial Group Inc. now owns 34,351 shares of the company’s stock worth $643,000 after acquiring an additional 1,117 shares during the last quarter. First Manhattan Co. raised its holdings in shares of NortonLifeLock by 1.1% during the first quarter. First Manhattan Co. now owns 105,827 shares of the company’s stock valued at $1,980,000 after buying an additional 1,139 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC bought a new stake in shares of NortonLifeLock during the fourth quarter valued at approximately $30,000. 88.19% of the stock is currently owned by institutional investors and hedge funds.

NortonLifeLock Company Profile

NortonLifeLock Inc provides cyber security products, services, and solutions worldwide. The company offers Norton security solutions as a subscription service providing protection for devices against malware, viruses, adware, and ransomware on various platforms; and LifeLock identity theft protection solution that provides identity monitoring, alerts, and restoration to its customers.

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Earnings History and Estimates for NortonLifeLock (NASDAQ:NLOK)

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