Q1 2018 Earnings Forecast for NETGEAR, Inc. Issued By BWS Financial (NTGR)

NETGEAR, Inc. (NASDAQ:NTGR) – Equities research analysts at BWS Financial cut their Q1 2018 earnings per share (EPS) estimates for NETGEAR in a research report issued to clients and investors on Thursday. BWS Financial analyst H. Khorsand now forecasts that the communications equipment provider will post earnings per share of $0.43 for the quarter, down from their previous estimate of $0.55. BWS Financial has a “Buy” rating and a $60.00 price objective on the stock. BWS Financial also issued estimates for NETGEAR’s Q2 2018 earnings at $0.44 EPS, Q4 2018 earnings at $0.89 EPS and FY2018 earnings at $2.43 EPS.

Separately, Zacks Investment Research downgraded shares of NETGEAR from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. NETGEAR currently has an average rating of “Hold” and an average price target of $62.75.

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Shares of NETGEAR (NASDAQ NTGR) opened at $50.55 on Monday. NETGEAR has a 1-year low of $41.50 and a 1-year high of $59.92. The stock has a market cap of $1,570.35, a PE ratio of 20.04 and a beta of 1.50.

NETGEAR (NASDAQ:NTGR) last posted its quarterly earnings data on Wednesday, October 25th. The communications equipment provider reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.13. NETGEAR had a net margin of 5.33% and a return on equity of 10.57%. The business had revenue of $355.48 million during the quarter, compared to the consensus estimate of $349.36 million. During the same quarter last year, the company posted $0.76 earnings per share. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year.

In other news, Chairman Patrick Cs Lo sold 19,799 shares of NETGEAR stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $47.63, for a total value of $943,026.37. Following the completion of the transaction, the chairman now owns 183,125 shares in the company, valued at $8,722,243.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Patrick J. Collins III sold 8,704 shares of NETGEAR stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $49.02, for a total transaction of $426,670.08. Following the completion of the transaction, the senior vice president now owns 19,807 shares of the company’s stock, valued at approximately $970,939.14. The disclosure for this sale can be found here. Insiders have sold 89,631 shares of company stock valued at $4,286,230 in the last 90 days. 6.20% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Granite Point Capital Management L.P. purchased a new position in shares of NETGEAR in the third quarter worth about $405,000. OxFORD Asset Management LLP purchased a new position in shares of NETGEAR in the third quarter worth about $991,000. Brandes Investment Partners LP increased its stake in shares of NETGEAR by 3.4% in the third quarter. Brandes Investment Partners LP now owns 55,029 shares of the communications equipment provider’s stock worth $2,620,000 after purchasing an additional 1,828 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of NETGEAR by 4.9% in the third quarter. Schwab Charles Investment Management Inc. now owns 318,392 shares of the communications equipment provider’s stock worth $15,156,000 after purchasing an additional 14,995 shares in the last quarter. Finally, Jupiter Asset Management Ltd. increased its stake in shares of NETGEAR by 12.2% in the third quarter. Jupiter Asset Management Ltd. now owns 88,732 shares of the communications equipment provider’s stock worth $4,224,000 after purchasing an additional 9,663 shares in the last quarter. Hedge funds and other institutional investors own 98.85% of the company’s stock.

About NETGEAR

NETGEAR, Inc designs, develops and markets networking solutions and smart connected products for consumers, businesses and service providers. The Company’s product line consists of devices, such as network attached storage, Internet protocol (IP) security cameras, and home automation devices and services.

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