Equities analysts forecast that Napco Security Technologies Inc (NASDAQ:NSSC) will report $25.88 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Napco Security Technologies’ earnings, with the lowest sales estimate coming in at $25.50 million and the highest estimate coming in at $26.26 million. Napco Security Technologies reported sales of $23.38 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 10.7%. The firm is expected to report its next earnings results on Monday, November 4th.
On average, analysts expect that Napco Security Technologies will report full year sales of $113.50 million for the current year, with estimates ranging from $111.10 million to $115.90 million. For the next financial year, analysts expect that the company will post sales of $125.71 million, with estimates ranging from $120.00 million to $131.42 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Napco Security Technologies.
Napco Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings results on Tuesday, September 3rd. The industrial products company reported $0.26 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.26. Napco Security Technologies had a net margin of 11.88% and a return on equity of 18.39%. The firm had revenue of $29.58 million for the quarter, compared to the consensus estimate of $29.47 million. During the same quarter in the previous year, the company earned $0.20 earnings per share. The business’s revenue was up 8.5% compared to the same quarter last year.
NSSC has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Napco Security Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, September 7th. Canaccord Genuity boosted their target price on shares of Napco Security Technologies from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. ValuEngine downgraded shares of Napco Security Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, BidaskClub downgraded shares of Napco Security Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 6th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $29.66.
NSSC opened at $27.84 on Tuesday. Napco Security Technologies has a fifty-two week low of $13.52 and a fifty-two week high of $34.91. The firm’s fifty day moving average price is $26.95 and its two-hundred day moving average price is $27.42. The company has a market capitalization of $499.88 million, a P/E ratio of 42.18 and a beta of 0.52.
Large investors have recently modified their holdings of the company. Stephens Inc. AR acquired a new position in Napco Security Technologies during the 2nd quarter worth about $255,000. Handelsbanken Fonder AB acquired a new position in Napco Security Technologies during the 2nd quarter worth about $890,000. Acadian Asset Management LLC lifted its position in Napco Security Technologies by 128.2% during the 2nd quarter. Acadian Asset Management LLC now owns 78,217 shares of the industrial products company’s stock worth $2,321,000 after buying an additional 43,947 shares in the last quarter. Bowling Portfolio Management LLC acquired a new position in Napco Security Technologies during the 2nd quarter worth about $2,023,000. Finally, Denali Advisors LLC lifted its position in Napco Security Technologies by 581.5% during the 2nd quarter. Denali Advisors LLC now owns 1,070 shares of the industrial products company’s stock worth $32,000 after buying an additional 913 shares in the last quarter. Institutional investors own 42.94% of the company’s stock.
About Napco Security Technologies
Napco Security Technologies, Inc manufactures and sells security products and software worldwide. The company offers access control systems, door security products, intrusion and fire alarm systems, and video surveillance systems for commercial, residential, institutional, industrial, and governmental applications.
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