NetSol Technologies Inc. to Post Q3 2017 Earnings of $0.24 Per Share, Taglich Brothers Forecasts (NTWK)

NetSol Technologies Inc. (NASDAQ:NTWK) – Stock analysts at Taglich Brothers raised their Q3 2017 earnings per share (EPS) estimates for NetSol Technologies in a research report issued to clients and investors on Tuesday. Taglich Brothers analyst H. Halpern now expects that the brokerage will post earnings per share of $0.24 for the quarter, up from their previous forecast of $0.13. Taglich Brothers also issued estimates for NetSol Technologies’ Q1 2018 earnings at ($0.11) EPS, Q2 2018 earnings at $0.04 EPS and Q3 2018 earnings at $0.34 EPS.

A number of other equities research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of NetSol Technologies from a “hold” rating to a “sell” rating in a report on Thursday, October 13th. TheStreet raised shares of NetSol Technologies from a “hold” rating to a “buy” rating in a report on Thursday, September 29th.

Earnings History and Estimates for NetSol Technologies (NASDAQ:NTWK)

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Shares of NetSol Technologies (NASDAQ:NTWK) opened at 5.45 on Friday. NetSol Technologies has a 12-month low of $5.20 and a 12-month high of $9.50. The company has a market capitalization of $59.16 million, a price-to-earnings ratio of 29.46 and a beta of 0.59. The firm’s 50-day moving average is $6.16 and its 200-day moving average is $6.05.

NetSol Technologies (NASDAQ:NTWK) last posted its earnings results on Monday, November 14th. The company reported ($0.17) earnings per share for the quarter. NetSol Technologies had a return on equity of 2.69% and a net margin of 3.09%.

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A number of large investors have recently made changes to their positions in NTWK. Vanguard Group Inc. increased its stake in shares of NetSol Technologies by 29.7% in the second quarter. Vanguard Group Inc. now owns 366,118 shares of the company’s stock worth $2,138,000 after buying an additional 83,801 shares in the last quarter. Raymond James & Associates bought a new stake in shares of NetSol Technologies during the second quarter worth $114,000. Essex Investment Management Co. LLC bought a new stake in shares of NetSol Technologies during the third quarter worth $263,000. Northern Trust Corp increased its stake in shares of NetSol Technologies by 0.5% in the third quarter. Northern Trust Corp now owns 22,421 shares of the company’s stock worth $140,000 after buying an additional 119 shares in the last quarter. Finally, Susquehanna International Group LLP increased its stake in shares of NetSol Technologies by 428.8% in the third quarter. Susquehanna International Group LLP now owns 24,006 shares of the company’s stock worth $150,000 after buying an additional 19,466 shares in the last quarter. 16.16% of the stock is currently owned by institutional investors and hedge funds.

About NetSol Technologies

NetSol Technologies, Inc is a provider of information technology (IT) and enterprise software solutions. The Company is engaged in the licensing, customization, enhancement and maintenance of its suite of financial applications under the brand names, NetSol Financial Suite (NFS) and NFS Ascent, for businesses in the lease and finance industry.

5 Day Chart for NASDAQ:NTWK

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