Analysts Expect NetScout Systems, Inc. (NTCT) to Announce $0.41 Earnings Per Share

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Brokerages predict that NetScout Systems, Inc. (NASDAQ:NTCT) will announce $0.41 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for NetScout Systems’ earnings. The highest EPS estimate is $0.43 and the lowest is $0.38. NetScout Systems reported earnings of $0.69 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 40.6%. The firm is scheduled to report its next earnings results on Tuesday, January 29th.

According to Zacks, analysts expect that NetScout Systems will report full-year earnings of $1.35 per share for the current fiscal year, with EPS estimates ranging from $1.31 to $1.38. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.82 per share, with EPS estimates ranging from $1.78 to $1.85. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for NetScout Systems.

NetScout Systems (NASDAQ:NTCT) last posted its earnings results on Thursday, November 1st. The technology company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.21. NetScout Systems had a net margin of 1.88% and a return on equity of 3.29%. The firm had revenue of $224.00 million during the quarter, compared to the consensus estimate of $218.30 million. During the same period last year, the firm posted $0.29 EPS. The firm’s revenue for the quarter was down 12.8% on a year-over-year basis.

Several equities research analysts have issued reports on the stock. Craig Hallum set a $25.00 price target on shares of NetScout Systems and gave the stock a “hold” rating in a research note on Thursday, November 1st. ValuEngine raised shares of NetScout Systems from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st. Zacks Investment Research cut shares of NetScout Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 8th. BidaskClub raised shares of NetScout Systems from a “sell” rating to a “hold” rating in a research note on Saturday, October 27th. Finally, Lake Street Capital set a $33.00 price target on shares of NetScout Systems and gave the stock a “buy” rating in a research note on Wednesday, December 26th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $28.80.

In related news, COO Michael Szabados sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $27.80, for a total value of $166,800.00. Following the sale, the chief operating officer now directly owns 44,080 shares of the company’s stock, valued at $1,225,424. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Downing sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $27.87, for a total transaction of $83,610.00. Following the completion of the sale, the insider now directly owns 96,925 shares in the company, valued at $2,701,299.75. The disclosure for this sale can be found here. Insiders have sold a total of 12,500 shares of company stock worth $341,375 over the last ninety days. 3.93% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in NTCT. First Mercantile Trust Co. boosted its position in shares of NetScout Systems by 38.5% in the third quarter. First Mercantile Trust Co. now owns 7,660 shares of the technology company’s stock worth $193,000 after acquiring an additional 2,130 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of NetScout Systems by 201.0% in the second quarter. Tower Research Capital LLC TRC now owns 7,784 shares of the technology company’s stock worth $232,000 after acquiring an additional 5,198 shares during the last quarter. Capital Fund Management S.A. acquired a new stake in shares of NetScout Systems in the second quarter worth approximately $347,000. Fox Run Management L.L.C. acquired a new stake in shares of NetScout Systems in the third quarter worth approximately $364,000. Finally, OLD National Bancorp IN acquired a new stake in shares of NetScout Systems in the third quarter worth approximately $365,000.

Shares of NetScout Systems stock traded up $0.04 during mid-day trading on Wednesday, hitting $25.22. 14,741 shares of the stock were exchanged, compared to its average volume of 694,763. NetScout Systems has a twelve month low of $21.58 and a twelve month high of $31.77. The stock has a market capitalization of $1.92 billion, a P/E ratio of 25.35, a P/E/G ratio of 2.92 and a beta of 1.12. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.12 and a quick ratio of 2.03.

About NetScout Systems

NetScout Systems, Inc provides real-time operational intelligence and performance analytics for digital business services against disruptions in availability, performance, and security in the United States, Europe, Asia, and internationally. The company offers nGeniusONE management software that enables customers to predict, preempt, and resolve network and service delivery problems, as well as facilitate the optimization and capacity planning of their network infrastructures; and specialized platforms and analytic modules that enable its customers to analyze and troubleshoot traffic in radio access and Wi-Fi networks.

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