Napco Security Technologies (NASDAQ:NSSC) Issues Quarterly Earnings Results, Misses Expectations By $0.05 EPS

Napco Security Technologies (NASDAQ:NSSC) issued its earnings results on Monday. The industrial products company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.05), Briefing.com reports. The firm had revenue of $44.00 million during the quarter, compared to analyst estimates of $46.56 million. Napco Security Technologies had a net margin of 26.43% and a return on equity of 30.01%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business earned $0.28 EPS.

Napco Security Technologies Price Performance

Shares of NSSC traded up $1.97 during mid-day trading on Wednesday, reaching $37.88. 495,325 shares of the company’s stock were exchanged, compared to its average volume of 458,455. The stock has a market capitalization of $1.39 billion, a PE ratio of 27.85 and a beta of 1.64. The business’s fifty day simple moving average is $39.67 and its 200-day simple moving average is $46.76. Napco Security Technologies has a 52-week low of $22.73 and a 52-week high of $58.09.

Napco Security Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Thursday, December 12th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.32%. Napco Security Technologies’s dividend payout ratio (DPR) is presently 36.76%.

Analyst Ratings Changes

Several brokerages recently weighed in on NSSC. TD Cowen reduced their target price on shares of Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating on the stock in a report on Tuesday. Needham & Company LLC raised their target price on shares of Napco Security Technologies from $52.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, August 27th. Lake Street Capital dropped their price target on shares of Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating on the stock in a research note on Tuesday. Craig Hallum dropped their price target on shares of Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, StockNews.com lowered shares of Napco Security Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $47.14.

Insider Activity at Napco Security Technologies

In related news, Director Paul Stephen Beeber sold 708 shares of Napco Security Technologies stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $37.12, for a total value of $26,280.96. Following the transaction, the director now directly owns 2,681 shares in the company, valued at $99,518.72. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 5.24% of the stock is currently owned by insiders.

Napco Security Technologies Company Profile

Napco Security Technologies, Inc develops, manufactures, and sells electronic security systems for commercial, residential, institutional, industrial, and governmental applications in the United States and internationally. Its access control systems include various types of identification readers, control panels, PC-based computers, and electronically activated door-locking devices; intrusion and fire alarm systems, consists of various detectors, a control panel, a digital keypad and signaling equipment; and door locking devices comprise microprocessor-based electronic door locks with push button, card readers and bio-metric operation, door alarms, mechanical door locks, and simple dead bolt locks.