B. Riley Weighs in on Gen Digital’s Q2 Earnings (NASDAQ:GEN)

Gen Digital Inc. (NASDAQ:GEN) – Research analysts at B. Riley cut their Q2 2026 earnings per share (EPS) estimates for shares of Gen Digital in a research note issued on Tuesday, September 9th. B. Riley analyst H. Goetsch now forecasts that the company will earn $0.55 per share for the quarter, down from their prior forecast of $0.58. B. Riley currently has a “Buy” rating and a $46.00 target price on the stock. The consensus estimate for Gen Digital’s current full-year earnings is $2.05 per share. B. Riley also issued estimates for Gen Digital’s Q3 2026 earnings at $0.58 EPS, Q4 2026 earnings at $0.62 EPS, FY2026 earnings at $2.30 EPS and FY2027 earnings at $2.75 EPS.

Gen Digital (NASDAQ:GEN) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.04. Gen Digital had a return on equity of 57.99% and a net margin of 14.12%.The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period in the previous year, the company posted $0.53 EPS. The firm’s revenue for the quarter was up 30.3% compared to the same quarter last year. Gen Digital has set its Q2 2026 guidance at 0.600-0.620 EPS. FY 2026 guidance at 2.490-2.560 EPS.

Several other research firms have also recently weighed in on GEN. Wall Street Zen cut Gen Digital from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 5th. Royal Bank Of Canada raised their price objective on Gen Digital from $32.00 to $33.00 and gave the company a “sector perform” rating in a research report on Friday, August 8th. Morgan Stanley lifted their target price on Gen Digital from $25.00 to $32.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 2nd. Evercore ISI started coverage on Gen Digital in a report on Tuesday, July 1st. They issued an “outperform” rating and a $35.00 target price for the company. Finally, Barclays lifted their target price on Gen Digital from $32.00 to $33.00 and gave the company an “equal weight” rating in a research report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $36.50.

Gen Digital Price Performance

Shares of NASDAQ GEN opened at $29.14 on Friday. The firm has a market capitalization of $17.95 billion, a P/E ratio of 30.04, a P/E/G ratio of 1.00 and a beta of 0.99. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 3.63. The stock’s 50-day simple moving average is $30.18 and its two-hundred day simple moving average is $28.35. Gen Digital has a twelve month low of $22.74 and a twelve month high of $32.22.

Institutional Investors Weigh In On Gen Digital

A number of institutional investors have recently modified their holdings of the business. Cullen Frost Bankers Inc. purchased a new position in Gen Digital in the 2nd quarter valued at about $32,000. Catalyst Capital Advisors LLC raised its position in shares of Gen Digital by 117.6% during the 1st quarter. Catalyst Capital Advisors LLC now owns 1,580 shares of the company’s stock valued at $42,000 after buying an additional 854 shares during the period. CYBER HORNET ETFs LLC purchased a new stake in shares of Gen Digital during the 2nd quarter valued at approximately $44,000. Geneos Wealth Management Inc. raised its position in shares of Gen Digital by 221.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock valued at $46,000 after buying an additional 1,183 shares during the period. Finally, MUFG Securities EMEA plc acquired a new stake in Gen Digital in the 2nd quarter valued at approximately $47,000. 81.38% of the stock is currently owned by institutional investors and hedge funds.

Gen Digital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Monday, August 18th were paid a $0.125 dividend. The ex-dividend date was Monday, August 18th. This represents a $0.50 dividend on an annualized basis and a yield of 1.7%. Gen Digital’s dividend payout ratio (DPR) is 51.55%.

About Gen Digital

Gen Digital Inc engages in the provision of cyber safety solutions for consumers in the United States, Canada, Latin America, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company offers security and performance products under Norton, Avast, Avira, AVG, and CCleaner brands that provide real-time protection and maintenance for PCs, Macs, and mobile devices against malware, viruses, adware, and other online threats.