Napco Security Technologies (NASDAQ:NSSC) Announces Quarterly Earnings Results, Misses Estimates By $0.06 EPS

Napco Security Technologies (NASDAQ:NSSC) issued its earnings results on Monday. The industrial products company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.06), Zacks reports. The firm had revenue of $42.90 million during the quarter, compared to the consensus estimate of $49.93 million. Napco Security Technologies had a return on equity of 29.56% and a net margin of 26.43%. The company’s quarterly revenue was down 9.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.34 EPS.

Napco Security Technologies Price Performance

Shares of NSSC stock opened at $26.42 on Wednesday. The company has a market capitalization of $969.09 million, a P/E ratio of 19.43 and a beta of 1.64. The company’s 50-day simple moving average is $36.19 and its two-hundred day simple moving average is $40.99. Napco Security Technologies has a one year low of $25.51 and a one year high of $58.09.

Napco Security Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 12th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.50 dividend on an annualized basis and a yield of 1.89%. Napco Security Technologies’s dividend payout ratio is currently 36.76%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Lake Street Capital dropped 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, November 5th. TD Cowen cut shares of Napco Security Technologies from a “buy” rating to a “hold” rating and decreased their price target for the stock from $46.00 to $27.00 in a research note on Tuesday. Craig Hallum cut shares of Napco Security Technologies from a “buy” rating to a “hold” rating and set a $28.00 price target on the stock. in a research note on Tuesday. DA Davidson decreased their price target on shares of Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Finally, Needham & Company LLC decreased their price target on shares of Napco Security Technologies from $52.00 to $40.00 and set a “buy” rating on the stock in a research note on Tuesday. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Napco Security Technologies has a consensus rating of “Hold” and a consensus target price of $39.14.

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.