Gen Digital (NASDAQ:GEN) Issues Q2 2027 Earnings Guidance

Gen Digital (NASDAQ:GEN) updated its second quarter 2027 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 0.730-0.730 for the period, compared to the consensus EPS estimate of 0.700. The company issued revenue guidance of $1.4 billion-$1.4 billion, compared to the consensus revenue estimate of $1.3 billion. Gen Digital also updated its FY 2027 guidance to 2.970-2.970 EPS.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on GEN shares. Royal Bank Of Canada decreased their price objective on Gen Digital from $30.00 to $26.00 and set a “sector perform” rating for the company in a research note on Friday, September 25th. Weiss Ratings upgraded shares of Gen Digital from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, July 15th. Wall Street Zen lowered shares of Gen Digital from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. Wells Fargo & Company raised their price target on shares of Gen Digital from $22.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Finally, Barclays lifted their price objective on shares of Gen Digital from $27.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $30.80.

Gen Digital Stock Up 5.6%

Gen Digital stock opened at $22.02 on Thursday. The company has a debt-to-equity ratio of 3.00, a current ratio of 0.47 and a quick ratio of 0.47. The stock has a market capitalization of $13.18 billion, a price-to-earnings ratio of 12.80, a PEG ratio of 0.65 and a beta of 1.22. Gen Digital has a 1-year low of $17.78 and a 1-year high of $31.65. The business has a fifty day moving average price of $28.22 and a 200-day moving average price of $24.69.

Gen Digital (NASDAQ:GEN) last announced its earnings results on Thursday, August 6th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.02. Gen Digital had a return on equity of 55.93% and a net margin of 20.73%.The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the previous year, the business earned $0.64 EPS. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. Gen Digital has set its FY 2027 guidance at 2.870-2.970 EPS and its Q2 2027 guidance at 0.710-0.730 EPS. Equities research analysts forecast that Gen Digital will post 2.66 EPS for the current fiscal year.

Gen Digital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Monday, August 17th were issued a dividend of $0.1250 per share. The ex-dividend date was Monday, August 17th. This represents a $0.50 annualized dividend and a dividend yield of 2.3%. Gen Digital’s dividend payout ratio is 29.07%.

Insider Activity

In related news, Director Ondrej Vlcek sold 200,000 shares of the stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $30.00, for a total value of $6,000,000.00. Following the completion of the transaction, the director directly owned 3,332,904 shares of the company’s stock, valued at $99,987,120. This trade represents a 5.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Travis Witteveen sold 30,000 shares of Gen Digital stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $29.42, for a total transaction of $882,600.00. Following the completion of the sale, the insider owned 496,545 shares of the company’s stock, valued at $14,608,353.90. This trade represents a 5.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 558,508 shares of company stock worth $16,356,093 over the last 90 days. 9.70% of the stock is currently owned by corporate insiders.

Gen Digital Company Profile

Gen Digital Inc is a global cybersecurity and digital safety company that provides products and services designed to help consumers protect their devices, online privacy, personal information and digital identities. Its offerings include antivirus and malware protection, online privacy tools, identity theft protection, password management, scam and fraud protection, and utilities that support device performance and security.

The company markets its products under a portfolio of well-known brands, including Norton, Avast, LifeLock, Avira, AVG, ReputationDefender and CCleaner.