Analysts Expect NetGear, Inc. (NASDAQ:NTGR) to Announce $0.25 EPS

Brokerages predict that NetGear, Inc. (NASDAQ:NTGR) will report earnings per share (EPS) of $0.25 for the current quarter, according to Zacks. Three analysts have issued estimates for NetGear’s earnings. The lowest EPS estimate is $0.24 and the highest is $0.26. NetGear posted earnings per share of $0.57 in the same quarter last year, which suggests a negative year-over-year growth rate of 56.1%. The company is scheduled to announce its next quarterly earnings report after the market closes on Wednesday, July 24th.

According to Zacks, analysts expect that NetGear will report full-year earnings of $2.22 per share for the current fiscal year, with EPS estimates ranging from $2.17 to $2.32. For the next year, analysts expect that the company will post earnings of $2.72 per share, with EPS estimates ranging from $2.57 to $2.89. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for NetGear.

NetGear (NASDAQ:NTGR) last posted its quarterly earnings data on Wednesday, April 24th. The communications equipment provider reported $0.45 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.04). NetGear had a net margin of 0.35% and a return on equity of 8.97%. The company had revenue of $249.10 million for the quarter, compared to analyst estimates of $244.31 million. During the same quarter in the prior year, the business earned $0.62 EPS. NetGear’s revenue was up 1.6% compared to the same quarter last year.

NTGR has been the topic of several recent research reports. Zacks Investment Research lowered shares of Great Portland Estates from a “hold” rating to a “sell” rating in a research report on Tuesday, April 16th. Guggenheim restated a “hold” rating on shares of Tempur Sealy International in a research report on Wednesday, June 19th. Deutsche Bank set a $142.00 price target on shares of MCCORMICK & CO /SH and gave the stock a “hold” rating in a research report on Friday, June 28th. ValuEngine lowered shares of Valero Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th. Finally, BidaskClub upgraded shares of Zillow Group from a “hold” rating to a “buy” rating in a research report on Wednesday, May 22nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $52.33.

NetGear stock traded down $0.30 during mid-day trading on Friday, hitting $26.60. The company’s stock had a trading volume of 4,101 shares, compared to its average volume of 269,598. The company has a quick ratio of 1.82, a current ratio of 2.66 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $837.05 million, a PE ratio of 15.28 and a beta of 1.72. NetGear has a twelve month low of $24.63 and a twelve month high of $78.30. The firm’s fifty day simple moving average is $25.79.

In related news, SVP Michael A. Werdann sold 1,873 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $30.63, for a total value of $57,369.99. Following the completion of the transaction, the senior vice president now owns 18,947 shares of the company’s stock, valued at approximately $580,346.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Andrew Wonki Kim sold 7,760 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $35.00, for a total transaction of $271,600.00. Following the completion of the transaction, the senior vice president now directly owns 54,136 shares of the company’s stock, valued at approximately $1,894,760. The disclosure for this sale can be found here. Insiders sold a total of 16,597 shares of company stock valued at $507,735 in the last ninety days. Company insiders own 5.10% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. New York State Teachers Retirement System purchased a new stake in NetGear in the second quarter worth approximately $1,908,000. Oregon Public Employees Retirement Fund purchased a new stake in NetGear in the second quarter worth approximately $314,000. Finally, Louisiana State Employees Retirement System purchased a new stake in NetGear in the second quarter worth approximately $307,000. 99.68% of the stock is owned by hedge funds and other institutional investors.

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.

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Earnings History and Estimates for NetGear (NASDAQ:NTGR)

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