Napco Security Technologies, Inc. (NASDAQ:NSSC) to Post FY2024 Earnings of $1.30 Per Share, B. Riley Forecasts

Napco Security Technologies, Inc. (NASDAQ:NSSCFree Report) – Stock analysts at B. Riley boosted their FY2024 earnings per share (EPS) estimates for shares of Napco Security Technologies in a report released on Tuesday, February 6th. B. Riley analyst R. Sharma now expects that the industrial products company will post earnings per share of $1.30 for the year, up from their prior forecast of $1.06. B. Riley currently has a “Neutral” rating and a $20.00 target price on the stock. The consensus estimate for Napco Security Technologies’ current full-year earnings is $1.30 per share. B. Riley also issued estimates for Napco Security Technologies’ FY2025 earnings at $1.49 EPS.

NSSC has been the subject of a number of other research reports. StockNews.com upgraded Napco Security Technologies from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. Imperial Capital lowered Napco Security Technologies from an “outperform” rating to an “in-line” rating and set a $45.00 target price for the company. in a research note on Tuesday. Finally, Needham & Company LLC raised their target price on Napco Security Technologies from $36.00 to $46.00 and gave the stock a “buy” rating in a research note on Monday, February 5th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $33.60.

Check Out Our Latest Stock Report on NSSC

Napco Security Technologies Price Performance

Napco Security Technologies stock opened at $45.00 on Thursday. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 37.82 and a beta of 1.55. Napco Security Technologies has a 1-year low of $17.76 and a 1-year high of $46.21. The business has a fifty day moving average price of $34.79 and a 200-day moving average price of $29.23.

Napco Security Technologies (NASDAQ:NSSCGet Free Report) last posted its quarterly earnings data on Monday, February 5th. The industrial products company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. The firm had revenue of $47.50 million during the quarter, compared to analysts’ expectations of $43.92 million. Napco Security Technologies had a return on equity of 30.81% and a net margin of 25.08%. The business’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.23 EPS.

Napco Security Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, March 1st will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, February 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.89%. This is a positive change from Napco Security Technologies’s previous quarterly dividend of $0.08. Napco Security Technologies’s dividend payout ratio (DPR) is presently 26.89%.

Hedge Funds Weigh In On Napco Security Technologies

A number of institutional investors have recently modified their holdings of NSSC. Advisor Group Holdings Inc. raised its stake in shares of Napco Security Technologies by 190.5% during the 1st quarter. Advisor Group Holdings Inc. now owns 13,579 shares of the industrial products company’s stock valued at $279,000 after buying an additional 8,905 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of Napco Security Technologies by 69.0% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 14,500 shares of the industrial products company’s stock valued at $298,000 after buying an additional 5,920 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Napco Security Technologies by 104.2% during the 1st quarter. Bank of New York Mellon Corp now owns 110,014 shares of the industrial products company’s stock valued at $2,258,000 after buying an additional 56,142 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Napco Security Technologies by 95.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 24,628 shares of the industrial products company’s stock valued at $505,000 after buying an additional 12,014 shares during the last quarter. Finally, HighTower Advisors LLC raised its stake in shares of Napco Security Technologies by 2.9% during the 1st quarter. HighTower Advisors LLC now owns 66,210 shares of the industrial products company’s stock valued at $1,360,000 after buying an additional 1,884 shares during the last quarter. Hedge funds and other institutional investors own 87.65% of the company’s stock.

Napco Security Technologies Company Profile

(Get Free Report)

Napco Security Technologies, Inc develops, manufactures, and sells electronic security products in the United States and internationally. The company offers access control systems, door-locking products, intrusion and fire alarm systems, and video surveillance systems for commercial, residential, institutional, industrial, and governmental applications.

Further Reading

Earnings History and Estimates for Napco Security Technologies (NASDAQ:NSSC)

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