Revenue Approximations Analysis: Expedia, Inc. (EXPE), NetApp, Inc. (NTAP)
- Author: Zachary Reyes Feb 16, 2017,
Feb 16, 2017, 11:37
Post-earnings, NTAP stock ranged between $31.01 and $33.9 after opening the day (08/18/2016) at $31.06.
Hedge funds have recently added to or reduced their stakes in the stock. RBC Capital Markets restated a "sector perform" rating and issued a $0.75 price target on shares of NetApp in a research report on Tuesday.
Several other institutional investors also recently modified their holdings of the stock. The share price has declined -0.35% from its top level in 52 weeks and dropped 12.82% this year. Fort Pitt Capital Group LLC increased its stake in NetApp by 525.0% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 461,785 shares of the data storage provider's stock worth $16,541,000 after buying an additional 289,600 shares in the last quarter.
Price Target is basically a projection of future price of a company's stock by the expert analysis of investment analysts or investment firms. Finally, Orinda Asset Management LLC purchased a new position in shares of NetApp during the third quarter worth approximately $202,000. Over the last ninety days, insiders sold 28,393 shares of company stock valued at $1,040,524. Insiders own 0.49% of the company's stock.
Shares of NetApp, Inc.
NetApp (NASDAQ:NTAP) traded down 1.49% during trading on Wednesday, reaching $38.93. The company had a trading volume of 923,887,001 shares. The company has a market cap of $10.72 billion, a PE ratio of 35.33 and a beta of 1.50.
NetApp, Inc. has a 52-week low of $21.88 and a 52-week high of $39.90. The stock is now moving above its 20-Day Simple Moving Average of 8.27% with the 50-Day Simple Moving Average of 8.27 percent.
NetApp (NASDAQ:NTAP) last announced its earnings results on Wednesday, November 16th. NTAP said it had a profit of $0.82 Earnings per Share for the quarter. The TTM operating margin is 8.6 percent.
February 17, 2016: NTAP reported Q3 earnings of $0.7, beating consensus estimates of $0.68. Revenue for the quarter was $1.38B while analysts called for revenues to be $1.4B.
"NetApp, Inc. (NTAP) Posts Earnings Results, Beats Estimates By $0.08 EPS" was first posted by BBNS and is the property of of BBNS. Investors of record on Friday, January 6th will be given a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, January 4th. This represents a $0.76 dividend on an annualized basis and a yield of 1.92%. NetApp's dividend payout ratio (DPR) is now 69.09%.
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NTAP has been the subject of several research analyst reports. Drexel Hamilton restated a "buy" rating on shares of NetApp in a research report on Tuesday.
Nonetheless, and in the immediate aftermath of reporting, investor reaction in NetApp, Inc. On the 7th day After Earnings Report, the stock hit its share price as $36.35 by showing 4.66% increase from the Stock price Before Earnings were reported. Analysts surveyed by Zacks had expected revenue of $1.4 billion. The company presently has a consensus rating of "Hold" and an average price target of $34.36. The stock now shows its YTD (Year to Date) performance of 12.82 percent while its Weekly performance value is 3.18%. The stock was sold at an average price of $36.04, for a total transaction of $14,163.72.