National Instruments (NASDAQ:NATI) Issues Q3 Earnings Guidance

National Instruments (NASDAQ:NATI) updated its third quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.14-0.28 for the period, compared to the Thomson Reuters consensus estimate of $0.30. The company issued revenue guidance of $285-325 million, compared to the consensus revenue estimate of $317.96 million.National Instruments also updated its Q3 2020
After-Hours guidance to 0.14-0.28 EPS.

Several research firms have recently weighed in on NATI. Robert W. Baird increased their price target on National Instruments from $30.00 to $46.00 and gave the stock an outperform rating in a research note on Monday, May 4th. BidaskClub cut National Instruments from a sell rating to a strong sell rating in a report on Wednesday, July 15th. Royal Bank of Canada reissued a hold rating and set a $39.00 price objective on shares of National Instruments in a report on Thursday, April 30th. JPMorgan Chase & Co. assumed coverage on National Instruments in a report on Tuesday, April 14th. They set a neutral rating and a $37.00 price objective on the stock. Finally, Stifel Nicolaus reduced their price target on National Instruments from $50.00 to $46.00 and set a hold rating on the stock in a research report on Friday, May 1st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $41.00.

NATI stock traded down $2.34 during midday trading on Friday, reaching $35.50. 2,598,419 shares of the company traded hands, compared to its average volume of 375,775. The firm has a market capitalization of $4.64 billion, a price-to-earnings ratio of 30.34 and a beta of 1.03. The business has a 50 day moving average of $38.09 and a 200-day moving average of $38.69. National Instruments has a 52-week low of $20.42 and a 52-week high of $47.89.

National Instruments (NASDAQ:NATI) last announced its quarterly earnings data on Thursday, July 30th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.08). The firm had revenue of $301.33 million during the quarter, compared to the consensus estimate of $301.51 million. National Instruments had a return on equity of 12.62% and a net margin of 19.25%. As a group, equities research analysts forecast that National Instruments will post 0.88 EPS for the current year.

National Instruments Company Profile

National Instruments Corporation provides a software-centric platform and systems to engineers and scientists worldwide. Its programming environments software includes LabVIEW, a graphical application software package to visualize hardware configuration, measurement data, and debugging of application; LabWindows/CVI, an ANSI C integrated development environment and engineering toolbox with built-in libraries for measurement, analysis, and engineering UI design; and NI Measurement Studio, a suite of .NET tools designed for building engineering applications in Microsoft Visual Studio to acquire, analyze, and display measurement data.

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