Napco Security Technologies (NASDAQ:NSSC) Posts Quarterly Earnings Results, Misses Estimates By $0.05 EPS

Napco Security Technologies (NASDAQ:NSSC) announced its earnings results on Monday. The industrial products company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.05), Briefing.com reports. The business had revenue of $44.00 million for the quarter, compared to analysts’ expectations of $46.56 million. Napco Security Technologies had a net margin of 26.43% and a return on equity of 30.01%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.28 earnings per share.

Napco Security Technologies Price Performance

Shares of Napco Security Technologies stock traded up $0.47 during trading hours on Thursday, reaching $38.35. The company’s stock had a trading volume of 72,014 shares, compared to its average volume of 456,668. The firm has a 50 day moving average price of $39.67 and a 200-day moving average price of $46.76. The stock has a market cap of $1.41 billion, a P/E ratio of 27.85 and a beta of 1.64. Napco Security Technologies has a one year low of $24.80 and a one year high of $58.09.

Napco Security Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Thursday, December 12th will be given a dividend of $0.125 per share. The ex-dividend date is Thursday, December 12th. This represents a $0.50 annualized dividend and a yield of 1.30%. Napco Security Technologies’s dividend payout ratio (DPR) is currently 36.76%.

Analysts Set New Price Targets

NSSC has been the subject of a number of analyst reports. Lake Street Capital reduced their price target on Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating for the company in a research report on Tuesday. TD Cowen decreased their price objective on shares of Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating on the stock in a research report on Tuesday. Craig Hallum cut their price target on Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating for the company in a research note on Tuesday. Needham & Company LLC upped their price objective on Napco Security Technologies from $52.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, August 27th. Finally, DA Davidson lowered their price target on Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $47.14.

Insider Activity at Napco Security Technologies

In other Napco Security Technologies news, Director Paul Stephen Beeber sold 708 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $37.12, for a total transaction of $26,280.96. Following the sale, the director now directly owns 2,681 shares in the company, valued at $99,518.72. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 5.24% of the stock is owned by insiders.

About Napco Security Technologies

Napco Security Technologies, Inc develops, manufactures, and sells electronic security systems for commercial, residential, institutional, industrial, and governmental applications in the United States and internationally. Its access control systems include various types of identification readers, control panels, PC-based computers, and electronically activated door-locking devices; intrusion and fire alarm systems, consists of various detectors, a control panel, a digital keypad and signaling equipment; and door locking devices comprise microprocessor-based electronic door locks with push button, card readers and bio-metric operation, door alarms, mechanical door locks, and simple dead bolt locks.