National Instruments (NATI) Issues Q1 2019 Earnings Guidance

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National Instruments (NASDAQ:NATI) updated its first quarter 2019 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.23-0.37 for the period, compared to the Thomson Reuters consensus estimate of $0.23. The company issued revenue guidance of $305-335 million, compared to the consensus revenue estimate of $339.4 million.National Instruments also updated its Q1 guidance to $0.23-0.37 EPS.

Several research analysts have weighed in on the company. Deutsche Bank upgraded National Instruments from a hold rating to a buy rating and lifted their target price for the stock from $45.00 to $50.00 in a report on Friday, October 26th. Zacks Investment Research lowered National Instruments from a buy rating to a hold rating in a report on Wednesday, December 26th. BidaskClub upgraded National Instruments from a sell rating to a hold rating in a report on Friday, January 11th. Finally, ValuEngine lowered National Instruments from a buy rating to a hold rating in a report on Tuesday, January 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $48.50.

NATI opened at $46.04 on Friday. The stock has a market cap of $6.02 billion, a P/E ratio of 34.36 and a beta of 0.77. National Instruments has a 52-week low of $38.78 and a 52-week high of $53.57.

National Instruments (NASDAQ:NATI) last announced its quarterly earnings results on Tuesday, January 29th. The technology company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). The business had revenue of $360.10 million for the quarter, compared to analyst estimates of $380.05 million. National Instruments had a return on equity of 15.11% and a net margin of 11.41%. On average, analysts expect that National Instruments will post 1.38 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, March 4th. Stockholders of record on Monday, February 11th will be given a $0.25 dividend. This is an increase from National Instruments’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, February 8th. This represents a $1.00 annualized dividend and a dividend yield of 2.17%. National Instruments’s dividend payout ratio is presently 74.63%.

In related news, Director Jeffrey L. Kodosky sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 2nd. The stock was sold at an average price of $45.36, for a total value of $90,720.00. Following the completion of the sale, the director now directly owns 359,545 shares in the company, valued at $16,308,961.20. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Jeffrey L. Kodosky sold 1,600 shares of the company’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $49.05, for a total value of $78,480.00. Following the sale, the director now owns 360,945 shares of the company’s stock, valued at $17,704,352.25. The disclosure for this sale can be found here. Insiders sold 22,700 shares of company stock worth $1,033,523 in the last ninety days. 7.98% of the stock is owned by company insiders.

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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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