NortonLifeLock (NASDAQ:NLOK – Get Rating) posted its quarterly earnings data on Thursday. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.01, MarketWatch Earnings reports. NortonLifeLock had a net margin of 33.07% and a negative return on equity of 297.43%. The firm had revenue of $716.00 million for the quarter, compared to analysts’ expectations of $709.62 million. During the same period in the previous year, the company posted $0.38 EPS. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. NortonLifeLock updated its Q1 guidance to $0.47-$0.49 EPS.
Shares of NortonLifeLock stock traded up $0.59 on Friday, hitting $24.70. 6,431,184 shares of the company traded hands, compared to its average volume of 3,719,768. The company has a market cap of $14.37 billion, a PE ratio of 17.52 and a beta of 0.65. NortonLifeLock has a 12-month low of $20.88 and a 12-month high of $30.92. The company has a 50-day moving average price of $26.98 and a 200 day moving average price of $26.43.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 22nd. Stockholders of record on Wednesday, June 8th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend is Tuesday, June 7th. NortonLifeLock’s dividend payout ratio is currently 35.46%.
Large investors have recently modified their holdings of the stock. Advisors Asset Management Inc. boosted its holdings in NortonLifeLock by 262.8% in the fourth quarter. Advisors Asset Management Inc. now owns 14,813 shares of the company’s stock worth $385,000 after purchasing an additional 10,730 shares in the last quarter. Toroso Investments LLC boosted its holdings in NortonLifeLock by 38.0% in the fourth quarter. Toroso Investments LLC now owns 27,112 shares of the company’s stock worth $704,000 after purchasing an additional 7,463 shares in the last quarter. Glenmede Trust Co. NA lifted its position in NortonLifeLock by 63.4% during the 4th quarter. Glenmede Trust Co. NA now owns 36,758 shares of the company’s stock worth $953,000 after acquiring an additional 14,261 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in NortonLifeLock by 39.9% during the 4th quarter. Thrivent Financial for Lutherans now owns 41,782 shares of the company’s stock worth $1,100,000 after acquiring an additional 11,910 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY lifted its position in NortonLifeLock by 9.1% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 72,638 shares of the company’s stock worth $1,887,000 after acquiring an additional 6,069 shares during the last quarter. Hedge funds and other institutional investors own 94.59% of the company’s stock.
Several equities analysts have weighed in on the stock. TheStreet upgraded shares of NortonLifeLock from a “c+” rating to a “b-” rating in a research report on Friday, February 18th. StockNews.com upgraded shares of NortonLifeLock from a “hold” rating to a “buy” rating in a research report on Thursday, March 24th. Finally, Morgan Stanley cut shares of NortonLifeLock from an “overweight” rating to an “equal weight” rating and set a $28.00 price objective on the stock. in a research report on Tuesday, March 29th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $28.60.
About NortonLifeLock (Get Rating)
NortonLifeLock Inc provides cyber safety solutions for consumers worldwide. The company offers Norton 360, an integrated platform provides extensive cyber safety coverage and a subscription service providing protection for PCs, Macs, and mobile devices against malware, viruses, adware, ransomware, and other online threats on various platforms; and LifeLock identity theft protection solution that offers monitoring, alerts, and restoration services to its customers.
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