Zacks Research Forecasts NETGEAR FY2027 Earnings

NETGEAR, Inc. (NASDAQ:NTGR) – Research analysts at Zacks Research issued their FY2027 earnings per share (EPS) estimates for shares of NETGEAR in a report released on Tuesday, February 25th. Zacks Research analyst V. Doshi expects that the communications equipment provider will post earnings of ($1.05) per share for the year. The consensus estimate for NETGEAR’s current full-year earnings is ($1.84) per share.

NETGEAR (NASDAQ:NTGR) last released its quarterly earnings results on Wednesday, February 5th. The communications equipment provider reported ($0.24) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.24). NETGEAR had a negative return on equity of 9.24% and a net margin of 1.83%.

Other equities research analysts have also recently issued research reports about the company. Raymond James increased their target price on NETGEAR from $22.00 to $29.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. StockNews.com upgraded NETGEAR from a “hold” rating to a “buy” rating in a report on Friday, November 1st.

NETGEAR Stock Performance

Shares of NASDAQ:NTGR opened at $26.27 on Thursday. The business’s fifty day moving average price is $27.59 and its two-hundred day moving average price is $23.20. The stock has a market cap of $758.39 million, a PE ratio of 65.68 and a beta of 0.83. NETGEAR has a one year low of $10.48 and a one year high of $31.55.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Quarry LP raised its position in shares of NETGEAR by 66.5% in the 3rd quarter. Quarry LP now owns 1,856 shares of the communications equipment provider’s stock worth $37,000 after buying an additional 741 shares during the period. R Squared Ltd purchased a new position in shares of NETGEAR in the 4th quarter worth $72,000. New York State Teachers Retirement System purchased a new position in shares of NETGEAR in the 4th quarter worth $72,000. Summit Investment Advisors Inc. raised its position in shares of NETGEAR by 19.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,917 shares of the communications equipment provider’s stock worth $81,000 after buying an additional 479 shares during the period. Finally, Meeder Asset Management Inc. purchased a new position in shares of NETGEAR in the 3rd quarter worth $91,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Insiders Place Their Bets

In other NETGEAR news, Director Thomas H. Waechter sold 2,000 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $30.42, for a total transaction of $60,840.00. Following the transaction, the director now owns 61,135 shares of the company’s stock, valued at $1,859,726.70. This represents a 3.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Charles J. Prober sold 10,929 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $26.64, for a total value of $291,148.56. Following the transaction, the chief executive officer now directly owns 507,763 shares in the company, valued at approximately $13,526,806.32. This represents a 2.11 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 7.00% of the company’s stock.

About NETGEAR

NETGEAR, Inc provides connectivity solutions the Americas; Europe, the Middle East, Africa; and the Asia Pacific. The company operates in two segments, Connected Home, and NETGEAR for Business. The Connected Home segment offers Wi-Fi routers and home Wi-Fi mesh systems, Wi-Fi hotspots, digital displays, broadband modems, Wi-Fi gateways, Wi-Fi range extenders, powerline adapters, and Wi-Fi network adapters; and provides value-added service offerings, including security and privacy, technical support, and parental controls.