National Instruments Corp. (NATI) Scheduled to Post Quarterly Earnings on Wednesday

National Instruments Corp. (NASDAQ:NATI) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, July 27th. National Instruments Corp. has set its Q2 guidance at $0.16-0.32 EPS.

National Instruments Corp. (NASDAQ:NATI) last released its quarterly earnings data on Thursday, April 28th. The company reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.05. The firm earned $287 million during the quarter, compared to analyst estimates of $288.20 million. During the same period last year, the business earned $0.18 EPS. The firm’s revenue was down .9% on a year-over-year basis.

National Instruments Corp. (NASDAQ:NATI) traded down 1.05% during mid-day trading on Tuesday, hitting $28.21. 2,421,630 shares of the company were exchanged. National Instruments Corp. has a 12-month low of $25.90 and a 12-month high of $31.71. The stock’s 50 day moving average is $27.99 and its 200-day moving average is $28.28. The company has a market cap of $3.60 billion and a price-to-earnings ratio of 40.88.

In other National Instruments Corp. news, major shareholder James J. Truchard bought 394,819 shares of the stock in a transaction on Monday, May 23rd. The stock was acquired at an average cost of $27.50 per share, for a total transaction of $10,857,522.50. Following the completion of the acquisition, the insider now owns 8,663,197 shares in the company, valued at approximately $238,237,917.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

A number of analysts have recently commented on NATI shares. Zacks Investment Research raised National Instruments Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, March 31st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $33.00 price objective (down from $36.00) on shares of National Instruments Corp. in a research note on Wednesday, April 6th. TheStreet lowered National Instruments Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, April 28th. Robert W. Baird reaffirmed a “hold” rating on shares of National Instruments Corp. in a research note on Monday, May 2nd. Finally, FBR & Co began coverage on National Instruments Corp. in a research note on Wednesday, May 11th. They issued a “market perform” rating and a $28.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $31.75.

National Instruments Corporation (NI) designs, manufactures and sells systems to engineers and scientists. The Company offers graphical system design approach to engineering, which provides an integrated software and hardware platform for measurement and control systems. Its products include reusable hardware and software modules.