What is Northland Capmk’s Forecast for NetApp Q1 Earnings?

NetApp, Inc. (NASDAQ:NTAP) – Equities researchers at Northland Capmk lifted their Q1 2027 earnings per share estimates for shares of NetApp in a note issued to investors on Wednesday, November 26th. Northland Capmk analyst N. Chokshi now expects that the data storage provider will post earnings per share of $1.63 for the quarter, up from their previous forecast of $1.58. Northland Capmk has a “Strong-Buy” rating on the stock. The consensus estimate for NetApp’s current full-year earnings is $5.89 per share. Northland Capmk also issued estimates for NetApp’s Q2 2027 earnings at $1.88 EPS.

Several other equities analysts also recently commented on NTAP. Oppenheimer reaffirmed a “market perform” rating on shares of NetApp in a research note on Wednesday. Citigroup lowered their price target on NetApp from $130.00 to $125.00 and set a “neutral” rating for the company in a research report on Wednesday, November 12th. Weiss Ratings reiterated a “hold (c+)” rating on shares of NetApp in a report on Wednesday, October 8th. Barclays boosted their target price on NetApp from $125.00 to $134.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, UBS Group upped their target price on NetApp from $114.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, NetApp has a consensus rating of “Moderate Buy” and a consensus price target of $124.07.

NetApp Trading Up 2.2%

NASDAQ:NTAP opened at $111.61 on Monday. The firm has a market capitalization of $22.10 billion, a P/E ratio of 19.72, a P/E/G ratio of 2.48 and a beta of 1.46. The company has a quick ratio of 1.28, a current ratio of 1.31 and a debt-to-equity ratio of 2.55. The company has a fifty day moving average of $115.50 and a 200 day moving average of $110.39. NetApp has a 52 week low of $71.84 and a 52 week high of $131.30.

NetApp (NASDAQ:NTAP) last announced its quarterly earnings data on Tuesday, November 25th. The data storage provider reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.17. NetApp had a return on equity of 123.24% and a net margin of 17.77%.The firm had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the previous year, the company posted $1.87 earnings per share. The business’s revenue was up 2.8% on a year-over-year basis. NetApp has set its FY 2026 guidance at 7.750-8.050 EPS. Q3 2026 guidance at 2.010-2.110 EPS.

Institutional Investors Weigh In On NetApp

Several hedge funds have recently bought and sold shares of the business. Avantax Advisory Services Inc. boosted its position in shares of NetApp by 33.2% in the 1st quarter. Avantax Advisory Services Inc. now owns 4,637 shares of the data storage provider’s stock worth $407,000 after purchasing an additional 1,155 shares in the last quarter. US Bancorp DE raised its stake in NetApp by 9.6% during the first quarter. US Bancorp DE now owns 16,429 shares of the data storage provider’s stock valued at $1,443,000 after buying an additional 1,440 shares during the last quarter. Blueshift Asset Management LLC bought a new stake in NetApp in the first quarter worth $377,000. Liberty Wealth Management LLC purchased a new stake in shares of NetApp in the first quarter worth $1,192,000. Finally, Scotia Capital Inc. increased its holdings in shares of NetApp by 1.1% during the first quarter. Scotia Capital Inc. now owns 49,777 shares of the data storage provider’s stock valued at $4,372,000 after acquiring an additional 528 shares in the last quarter. Institutional investors own 92.17% of the company’s stock.

Insider Activity at NetApp

In other NetApp news, EVP Elizabeth M. O’callahan sold 1,000 shares of the stock in a transaction on Friday, October 10th. The stock was sold at an average price of $119.00, for a total value of $119,000.00. Following the completion of the transaction, the executive vice president owned 22,628 shares in the company, valued at approximately $2,692,732. This represents a 4.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Lorenzo Daniel De sold 327 shares of the firm’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $107.48, for a total value of $35,145.96. The SEC filing for this sale provides additional information. Insiders have sold 12,183 shares of company stock worth $1,483,361 over the last ninety days. 0.28% of the stock is owned by corporate insiders.

NetApp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 21st. Investors of record on Friday, January 2nd will be given a dividend of $0.52 per share. The ex-dividend date is Friday, January 2nd. This represents a $2.08 annualized dividend and a dividend yield of 1.9%. NetApp’s payout ratio is currently 36.17%.

About NetApp

NetApp, Inc provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide. It operates in two segments, Hybrid Cloud and Public Could. The company offers intelligent data management software, such as NetApp ONTAP, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, and storage infrastructure solutions, including NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp E/EF series, and NetApp StorageGRID.