Q3 2024 EPS Estimates for Napco Security Technologies, Inc. Raised by B. Riley (NASDAQ:NSSC)

Napco Security Technologies, Inc. (NASDAQ:NSSC) – Research analysts at B. Riley raised their Q3 2024 earnings estimates for shares of Napco Security Technologies in a research note issued on Tuesday, November 7th. B. Riley analyst R. Sharma now forecasts that the industrial products company will post earnings per share of $0.25 for the quarter, up from their prior forecast of $0.24. B. Riley has a “Neutral” rating and a $20.00 price target on the stock. The consensus estimate for Napco Security Technologies’ current full-year earnings is $0.98 per share. B. Riley also issued estimates for Napco Security Technologies’ Q4 2024 earnings at $0.27 EPS, Q1 2025 earnings at $0.28 EPS and Q2 2025 earnings at $0.29 EPS.

Napco Security Technologies (NASDAQ:NSSC) last released its quarterly earnings data on Monday, November 6th. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.06. The firm had revenue of $41.68 million for the quarter, compared to analysts’ expectations of $41.93 million. Napco Security Technologies had a net margin of 23.42% and a return on equity of 30.75%. During the same quarter in the previous year, the company earned $0.17 earnings per share.

A number of other equities research analysts have also weighed in on NSSC. Lake Street Capital cut their target price on shares of Napco Security Technologies from $30.00 to $27.00 and set a “hold” rating on the stock in a research note on Wednesday, August 30th. William Blair lowered shares of Napco Security Technologies from an “outperform” rating to a “market perform” rating in a research note on Monday, August 21st. Needham & Company LLC reaffirmed a “buy” rating and set a $32.00 target price on shares of Napco Security Technologies in a research note on Tuesday. StockNews.com started coverage on shares of Napco Security Technologies in a research note on Thursday, October 5th. They set a “hold” rating on the stock. Finally, Craig Hallum dropped their price objective on shares of Napco Security Technologies from $40.00 to $30.00 and set a “buy” rating on the stock in a research note on Wednesday, August 30th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Napco Security Technologies presently has a consensus rating of “Hold” and a consensus price target of $27.25.

Napco Security Technologies Trading Up 2.0 %

Shares of NSSC opened at $25.50 on Wednesday. The firm’s 50-day moving average price is $21.92 and its 200-day moving average price is $30.13. The firm has a market capitalization of $937.64 million, a price-to-earnings ratio of 23.61 and a beta of 1.21. Napco Security Technologies has a 1-year low of $17.76 and a 1-year high of $41.25.

Napco Security Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 1st will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.25%. The ex-dividend date is Thursday, November 30th. Napco Security Technologies’s payout ratio is currently 29.63%.

Institutional Investors Weigh In On Napco Security Technologies

Several hedge funds have recently bought and sold shares of the business. Isthmus Partners LLC boosted its stake in Napco Security Technologies by 0.4% during the first quarter. Isthmus Partners LLC now owns 89,963 shares of the industrial products company’s stock worth $3,381,000 after acquiring an additional 352 shares in the last quarter. Ameritas Investment Partners Inc. raised its holdings in Napco Security Technologies by 21.0% in the first quarter. Ameritas Investment Partners Inc. now owns 2,529 shares of the industrial products company’s stock worth $95,000 after buying an additional 439 shares during the last quarter. Jane Street Group LLC raised its holdings in Napco Security Technologies by 4.0% in the fourth quarter. Jane Street Group LLC now owns 11,926 shares of the industrial products company’s stock worth $328,000 after buying an additional 458 shares during the last quarter. Congress Asset Management Co. MA raised its holdings in Napco Security Technologies by 0.6% in the second quarter. Congress Asset Management Co. MA now owns 77,562 shares of the industrial products company’s stock worth $2,688,000 after buying an additional 474 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in Napco Security Technologies by 137.5% in the first quarter. Tower Research Capital LLC TRC now owns 862 shares of the industrial products company’s stock worth $32,000 after buying an additional 499 shares during the last quarter. Institutional investors own 87.65% of the company’s stock.

About Napco Security Technologies

Napco Security Technologies, Inc develops, manufactures, and sells electronic security products in the United States and internationally. The company offers access control systems, door-locking products, intrusion and fire alarm systems, and video surveillance systems for commercial, residential, institutional, industrial, and governmental applications.