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

Napco Security Technologies (NASDAQ:NSSC) released its earnings results on Monday. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.05), Briefing.com reports. Napco Security Technologies had a return on equity of 30.51% and a net margin of 26.38%. The firm had revenue of $44.00 million for the quarter, compared to analyst estimates of $46.56 million. During the same period in the previous year, the firm earned $0.28 earnings per share. Napco Security Technologies’s revenue was up 5.5% on a year-over-year basis.

Napco Security Technologies Stock Down 10.6 %

NSSC opened at $34.51 on Tuesday. The firm has a market capitalization of $1.27 billion, a P/E ratio of 25.75 and a beta of 1.64. The stock has a fifty day moving average of $40.07 and a 200-day moving average of $46.85. Napco Security Technologies has a 12-month low of $21.31 and a 12-month high of $58.09.

Napco Security Technologies Announces Dividend

The company also recently disclosed 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. This represents a $0.50 annualized dividend and a yield of 1.45%. Napco Security Technologies’s payout ratio is 37.31%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on NSSC shares. Needham & Company LLC lifted their price objective on shares of Napco Security Technologies from $52.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, August 27th. Lake Street Capital restated a “buy” rating and issued a $60.00 price target on shares of Napco Security Technologies in a research report on Tuesday, September 17th. Finally, DA Davidson increased their price objective on Napco Security Technologies from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, August 27th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $55.29.

Insider Activity

In related news, Director Paul Stephen Beeber sold 708 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $37.12, for a total value of $26,280.96. Following the completion of the sale, the director now directly owns 2,681 shares of the company’s stock, valued at approximately $99,518.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.24% of the stock is currently owned by corporate 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.