Earnings and Growth Analysis : NetApp Stock Forecast, Price & News (NASDAQ:NTAP)

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Earnings results for NetApp Stock Forecast, Price & News (NASDAQ:NTAP)

NetApp, Inc. is expected* to report earnings on 08/26/2020 after market close. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 8 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.26. The reported EPS for the same quarter last year was $0.51.

NetApp last announced its earnings data on May 27th, 2020. The data storage provider reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.15. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.37 billion. Its revenue was down 12.0% compared to the same quarter last year. NetApp has generated $3.53 earnings per share over the last year and currently has a price-to-earnings ratio of 11.8. NetApp has confirmed that its next quarterly earnings report will be published on Wednesday, August 26th, 2020.

Analyst Opinion on NetApp Stock Forecast, Price & News (NASDAQ:NTAP)

20 Wall Street analysts have issued ratings and price targets for NetApp in the last 12 months. Their average twelve-month price target is $51.29, predicting that the stock has a possible upside of 22.80%. The high price target for NTAP is $75.00 and the low price target for NTAP is $34.00. There are currently 3 sell ratings, 11 hold ratings and 6 buy ratings for the stock, resulting in a consensus rating of “Hold.”

NetApp has received a consensus rating of Hold. The company’s average rating score is 2.15, and is based on 6 buy ratings, 11 hold ratings, and 3 sell ratings. According to analysts’ consensus price target of $51.29, NetApp has a forecasted upside of 22.8% from its current price of $41.77. NetApp has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: NetApp Stock Forecast, Price & News (NASDAQ:NTAP)

NetApp is a leading dividend payer. It pays a dividend yield of 4.54%, putting its dividend yield in the top 25% of dividend-paying stocks. NetApp has been increasing its dividend for 6 years. The dividend payout ratio of NetApp is 54.39%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NetApp will have a dividend payout ratio of 70.07% next year. This indicates that NetApp will be able to sustain or increase its dividend.

Insiders buying/selling: NetApp Stock Forecast, Price & News (NASDAQ:NTAP)

In the past three months, NetApp insiders have not sold or bought any company stock. Only 0.36% of the stock of NetApp is held by insiders. 90.12% of the stock of NetApp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of NetApp Stock Forecast, Price & News (NASDAQ:NTAP

Earnings for NetApp are expected to grow by 3.01% in the coming year, from $2.66 to $2.74 per share. The P/E ratio of NetApp is 11.80, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.60. The P/E ratio of NetApp is 11.80, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 53.05. NetApp has a PEG Ratio of 1.30. PEG Ratios above 1 indicate that a company could be overvalued. NetApp has a P/B Ratio of 38.32. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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