William Blair Analysts Reduce Earnings Estimates for Napco Security Technologies Inc (NASDAQ:NSSC)


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Napco Security Technologies Inc (NASDAQ:NSSC) – Equities researchers at William Blair lowered their Q1 2020 earnings per share (EPS) estimates for shares of Napco Security Technologies in a research report issued on Tuesday, September 3rd, Zacks Investment Research reports. William Blair analyst M. Pfau now anticipates that the industrial products company will earn $0.12 per share for the quarter, down from their prior forecast of $0.14. William Blair also issued estimates for Napco Security Technologies’ Q2 2020 earnings at $0.16 EPS, Q3 2020 earnings at $0.19 EPS, Q4 2020 earnings at $0.31 EPS, FY2020 earnings at $0.78 EPS and FY2021 earnings at $0.98 EPS.

A number of other equities analysts have also recently issued reports on the company. Canaccord Genuity increased their target price on Napco Security Technologies from $32.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. ValuEngine cut Napco Security Technologies from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. BidaskClub cut Napco Security Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, September 6th. Lake Street Capital assumed coverage on Napco Security Technologies in a report on Tuesday, June 11th. They set a “buy” rating and a $35.00 target price for the company. Finally, Zacks Investment Research cut Napco Security Technologies from a “buy” rating to a “hold” rating in a report on Saturday, September 7th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $29.66.

NSSC stock opened at $27.56 on Friday. The stock has a 50-day moving average price of $29.95 and a two-hundred day moving average price of $26.26. The stock has a market cap of $481.45 million, a PE ratio of 41.76 and a beta of 0.59. Napco Security Technologies has a 1 year low of $12.93 and a 1 year high of $34.91.

Napco Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings data on Tuesday, September 3rd. The industrial products company reported $0.26 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.26. The business had revenue of $29.58 million for the quarter, compared to the consensus estimate of $29.47 million. Napco Security Technologies had a return on equity of 18.83% and a net margin of 11.88%. The firm’s revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.20 EPS.

A number of hedge funds have recently added to or reduced their stakes in the business. Denali Advisors LLC grew its holdings in shares of Napco Security Technologies by 581.5% in the 2nd quarter. Denali Advisors LLC now owns 1,070 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 913 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Napco Security Technologies by 249.5% in the 2nd quarter. Bank of Montreal Can now owns 1,552 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 1,108 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of Napco Security Technologies by 62,175.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,491 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 2,487 shares in the last quarter. Advantage Investment Management LLC grew its holdings in shares of Napco Security Technologies by 24.9% in the 2nd quarter. Advantage Investment Management LLC now owns 2,845 shares of the industrial products company’s stock valued at $84,000 after acquiring an additional 568 shares in the last quarter. Finally, Metropolitan Life Insurance Co NY bought a new position in shares of Napco Security Technologies in the 1st quarter valued at about $84,000. Hedge funds and other institutional investors own 43.34% of the company’s stock.

About Napco Security Technologies

Napco Security Technologies, Inc manufactures and sells security products and software worldwide. The company offers access control systems, door security products, intrusion and fire alarm systems, and video surveillance systems for commercial, residential, institutional, industrial, and governmental applications.

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Earnings History and Estimates for Napco Security Technologies (NASDAQ:NSSC)

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