NetGear (NTGR) to Release Quarterly Earnings on Wednesday

NetGear (NASDAQ:NTGR) is scheduled to be announcing its earnings results after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.49 per share for the quarter. NetGear has set its Q1 2019 guidance at EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

NetGear (NASDAQ:NTGR) last issued its quarterly earnings data on Wednesday, February 6th. The communications equipment provider reported $0.48 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.26). NetGear had a positive return on equity of 8.66% and a negative net margin of 0.19%. The business had revenue of $288.90 million during the quarter, compared to analysts’ expectations of $409.26 million. During the same quarter last year, the business posted $0.71 EPS. The company’s quarterly revenue was up 5.4% on a year-over-year basis. On average, analysts expect NetGear to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of NTGR stock opened at $34.05 on Monday. NetGear has a 52-week low of $31.80 and a 52-week high of $78.30. The firm has a market capitalization of $1.07 billion, a P/E ratio of 19.57 and a beta of 1.81.

In related news, Chairman Patrick Cs Lo sold 11,588 shares of the stock in a transaction on Friday, February 1st. The stock was sold at an average price of $38.90, for a total value of $450,773.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Tamesa Rogers sold 1,987 shares of the stock in a transaction on Friday, February 1st. The shares were sold at an average price of $39.45, for a total value of $78,387.15. The disclosure for this sale can be found here. In the last three months, insiders sold 44,944 shares of company stock worth $1,633,205. 5.10% of the stock is owned by insiders.

A number of research analysts recently commented on the company. BidaskClub raised NetGear from a “sell” rating to a “hold” rating in a research note on Tuesday, January 1st. ValuEngine cut NetGear from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. Finally, Zacks Investment Research cut NetGear from a “buy” rating to a “hold” rating in a research note on Tuesday, March 12th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $64.40.

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About NetGear

NETGEAR, Inc designs, develops, and markets networking and Internet connected products for consumers, businesses, and service providers. It operates in two segments, Connected Home, and Small and Medium Business. The company offers smart home/connected home/broadband access products, such as broadband modems, WiFi gateways, WiFi hotspots, WiFi routers and home WiFi systems, WiFi range extenders, Powerline adapters and bridges, WiFi network adapters, and digital canvasses; and value added service offerings, including technical support, parental controls, and cybersecurity protection.

Further Reading: What is Cost of Goods Sold (COGS)?

Earnings History for NetGear (NASDAQ:NTGR)

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