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

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

Napco Security Technologies Trading Up 1.2 %

Shares of NSSC traded up $0.47 during midday trading on Thursday, reaching $38.35. The stock had a trading volume of 72,014 shares, compared to its average volume of 456,668. The company’s 50-day moving average is $39.67 and its 200 day moving average is $46.76. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 27.85 and a beta of 1.64. Napco Security Technologies has a 12-month low of $24.80 and a 12-month high of $58.09.

Napco Security Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders 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 yield of 1.30%. Napco Security Technologies’s payout ratio is 36.76%.

Insiders Place Their Bets

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 sale, the director now owns 2,681 shares in the company, valued at $99,518.72. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 5.24% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NSSC. Lake Street Capital reduced their price target on Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating for the company in a research report on Tuesday. DA Davidson reduced their target price on Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday. Needham & Company LLC increased their price target on shares of Napco Security Technologies from $52.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, August 27th. StockNews.com cut shares of Napco Security Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, TD Cowen lowered 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 research note on Tuesday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $47.14.

About Napco Security Technologies

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.