National Instruments (NASDAQ: NATI) Releases Fourth Quarter 2021 Earnings Forecast

National Instruments (NASDAQ: NATI) on Thursday updated its earnings guidance for the fourth quarter of 2021. The company provided earnings per share (EPS) guidance of $ 0.470 to $ 0.610 for the period, compared with the Thomson Reuters consensus estimate of $ 0.340. The company released a revenue forecast of $ 385 million to $ 425 million, compared to a consensus revenue estimate of $ 409.12 million.

National Instruments shares opened at $ 43.12 on Thursday. The company’s fifty-day simple moving average is $ 41.36. The company has a market cap of $ 5.73 billion, a PE ratio of 107.80 and a beta of 1.10. National Instruments has a 52-week low of $ 32.32 and a 52-week high of $ 47.40. The company has a quick ratio of 1.70, a current ratio of 2.37, and a debt ratio of 0.08.

National Instruments (NASDAQ: NATI) last released its results on Thursday, October 28. The tech company reported EPS of $ 0.42 for the quarter, beating the consensus estimate of $ 0.18 by $ 0.24. The company posted revenue of $ 367.20 million in the quarter, compared to analysts’ expectations of $ 373.94 million. National Instruments had a net margin of 3.79% and a return on equity of 13.77%. The company’s revenue for the quarter increased 19.2% from the same quarter last year. In the same quarter of the previous year, the company posted EPS of $ 0.14. On average, research analysts predict that National Instruments will post earnings per share of 1.48 for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 29. Shareholders of record on Monday, November 8 will receive a dividend of $ 0.27 per share. This is a boost from National Instruments’ previous quarterly dividend of $ 0.25. The ex-dividend date is Friday, November 5. This represents an annualized dividend of $ 1.08 and a dividend yield of 2.50%. National Instruments’ payout ratio is currently 135.00%.

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Several analysts have commented on NATI shares. Zacks Investment Research upgraded National Instruments shares from a custody rating to a buy rating and set a target price of $ 45 for the company in a research report released on Tuesday, October 26. The Goldman Sachs Group raised National Instruments shares from a neutral to a buy rating and raised its price target for the company from $ 45 to $ 48.00 in a report released on Sunday, September 26.

An institutional investor recently bought a new position in National Instruments shares. OLD Mission Capital LLC bought a new position in National Instruments Co. (NASDAQ: NATI) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 28,056 shares of the tech company, valued at approximately $ 1,002,000. Hedge funds and other institutional investors hold 88.71% of the company’s shares.

About National Instruments

National Instruments Corp. designs, manufactures and sells systems to engineers and scientists that accelerate productivity, innovation and discovery. The company’s products include Labview, TestStand, FlexLogger, voltage, temperature, software-defined radios, power accessories, and repair services. It provides application software and modular multifunctional hardware that users combine with standard third-party computers, networks, and devices to create measurement, automation, and on-board systems, called virtual instruments.

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