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

Napco Security Technologies (NASDAQ:NSSC) announced its earnings results on Monday. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.05), Briefing.com reports. Napco Security Technologies had a net margin of 26.38% and a return on equity of 30.51%. The business had revenue of $44.00 million for the quarter, compared to the consensus estimate of $46.56 million. During the same quarter last year, the firm posted $0.28 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year.

Napco Security Technologies Price Performance

NSSC stock opened at $35.91 on Wednesday. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 26.80 and a beta of 1.64. Napco Security Technologies has a 1-year low of $21.31 and a 1-year high of $58.09. The business has a 50 day simple moving average of $39.86 and a two-hundred day simple moving average of $46.82.

Napco Security Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Thursday, December 12th will be issued a $0.125 dividend. The ex-dividend date is Thursday, December 12th. This represents a $0.50 dividend on an annualized basis and a yield of 1.39%. Napco Security Technologies’s dividend payout ratio is presently 37.31%.

Insider Transactions at Napco Security Technologies

In related news, Director Paul Stephen Beeber sold 708 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $37.12, for a total transaction of $26,280.96. Following the completion of the transaction, the director now directly owns 2,681 shares of the company’s stock, valued at approximately $99,518.72. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 5.24% of the company’s stock.

Analyst Ratings Changes

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

Napco Security Technologies Company Profile

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.