FY2025 EPS Estimates for NETGEAR, Inc. Lifted by Analyst (NASDAQ:NTGR)

Posted by Defense World Staff on Apr 6th, 2023

NETGEAR, Inc. (NASDAQ:NTGR – Get Rating) – Research analysts at Zacks Research upped their FY2025 earnings per share (EPS) estimates for NETGEAR in a note issued to investors on Monday, April 3rd. Zacks Research analyst V. Doshi now expects that the communications equipment provider will earn $0.31 per share for the year, up from their prior estimate of $0.27. The consensus estimate for NETGEAR’s current full-year earnings is $0.11 per share.

NETGEAR (NASDAQ:NTGR – Get Rating) last issued its earnings results on Wednesday, February 1st. The communications equipment provider reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.05. NETGEAR had a negative return on equity of 11.05% and a negative net margin of 7.40%. The business had revenue of $249.10 million during the quarter, compared to analyst estimates of $243.52 million. During the same period in the prior year, the company posted ($0.03) earnings per share. NETGEAR’s revenue was down .8% on a year-over-year basis.

Separately, StockNews.com assumed coverage on NETGEAR in a research report on Thursday, March 16th. They issued a “hold” rating on the stock.

NETGEAR Price Performance

Shares of NASDAQ:NTGR opened at $18.66 on Wednesday. The business’s fifty day moving average price is $18.48 and its two-hundred day moving average price is $19.38. NETGEAR has a fifty-two week low of $17.02 and a fifty-two week high of $26.79. The stock has a market capitalization of $539.46 million, a price-to-earnings ratio of -7.91 and a beta of 0.89.

Insider Transactions at NETGEAR

In other news, SVP Vikram Mehta sold 1,850 shares of the stock in a transaction on Thursday, February 2nd. The stock was sold at an average price of $19.32, for a total transaction of $35,742.00. Following the sale, the senior vice president now owns 42,970 shares in the company, valued at $830,180.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.10% of the company’s stock.

Institutional Trading of NETGEAR

Several large investors have recently made changes to their positions in the business. Voya Investment Management LLC grew its holdings in shares of NETGEAR by 91.7% during the fourth quarter. Voya Investment Management LLC now owns 40,226 shares of the communications equipment provider’s stock worth $728,000 after purchasing an additional 19,240 shares during the last quarter. Macquarie Group Ltd. boosted its holdings in NETGEAR by 1.1% in the fourth quarter. Macquarie Group Ltd. now owns 791,477 shares of the communications equipment provider’s stock valued at $14,334,000 after acquiring an additional 8,543 shares during the last quarter. Squarepoint Ops LLC boosted its holdings in NETGEAR by 56.4% in the fourth quarter. Squarepoint Ops LLC now owns 28,786 shares of the communications equipment provider’s stock valued at $521,000 after acquiring an additional 10,383 shares during the last quarter. Legal & General Group Plc boosted its holdings in NETGEAR by 2.3% in the fourth quarter. Legal & General Group Plc now owns 71,327 shares of the communications equipment provider’s stock valued at $1,292,000 after acquiring an additional 1,616 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in NETGEAR by 325.8% in the fourth quarter. Millennium Management LLC now owns 154,460 shares of the communications equipment provider’s stock valued at $2,797,000 after acquiring an additional 118,181 shares during the last quarter. Institutional investors own 85.22% of the company’s stock.

NETGEAR Company Profile

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NETGEAR, Inc engages in the provision of Internet connected products to consumers, businesses, and service providers. It operates through the following segments: Connected Home, and Small & Medium Business. The Connected Home segment focuses on consumers and consists of high-performance, dependable and easy-to-use WiFi Internet networking solutions such as WiFi mesh systems, routers, 4G/5G mobile products, smart devices such as Meural digital canvasses, and services offering consumers a range of parental controls and cyber security for their home networks.