Gen Digital (NASDAQ:GEN) Releases FY 2027 Earnings Guidance

Gen Digital (NASDAQ:GEN) issued an update on its FY 2027 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 2.970-2.970 for the period, compared to the consensus EPS estimate of 2.870. The company issued revenue guidance of $5.5 billion-$5.5 billion, compared to the consensus revenue estimate of $5.4 billion. Gen Digital also updated its Q2 2027 guidance to 0.730-0.730 EPS.

Analysts Set New Price Targets

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

Gen Digital Trading Down 3.6%

Shares of NASDAQ GEN opened at $20.85 on Tuesday. The business’s 50 day moving average price is $28.40 and its 200-day moving average price is $24.69. The company has a debt-to-equity ratio of 3.00, a quick ratio of 0.47 and a current ratio of 0.47. The company has a market cap of $12.48 billion, a price-to-earnings ratio of 12.12, a PEG ratio of 0.68 and a beta of 1.22. Gen Digital has a fifty-two week low of $17.78 and a fifty-two week high of $31.65.

Gen Digital (NASDAQ:GEN) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. Gen Digital had a net margin of 20.73% and a return on equity of 55.93%. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the business posted $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. On average, sell-side analysts expect that Gen Digital will post 2.64 earnings per share for the current year.

Gen Digital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Monday, August 17th were paid a $0.1250 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $0.50 dividend on an annualized basis and a yield of 2.4%. Gen Digital’s dividend payout ratio is 29.07%.

Insider Buying and Selling at Gen Digital

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

Gen Digital Company Profile

Gen Digital Inc (NASDAQ: GEN) is a global cybersecurity and consumer safety company that provides products designed to help individuals and families protect their devices, online identities, personal information and digital privacy. The company serves customers through a portfolio of consumer-focused cybersecurity and privacy brands.

Its products and services include antivirus and device security, identity theft protection, virtual private networks, password management, online privacy tools, scam protection and family safety features.