Napco Security Technologies (NASDAQ:NSSC) Releases Earnings Results, Misses Estimates By $0.06 EPS

Napco Security Technologies (NASDAQ:NSSC) posted its quarterly earnings results on Monday. The industrial products company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.06), Zacks reports. The company had revenue of $42.90 million during the quarter, compared to the consensus estimate of $49.93 million. Napco Security Technologies had a net margin of 26.43% and a return on equity of 29.56%. The company’s revenue for the quarter was down 9.3% on a year-over-year basis. During the same period last year, the firm posted $0.34 earnings per share.

Napco Security Technologies Trading Down 26.6 %

Shares of Napco Security Technologies stock opened at $26.93 on Tuesday. The company has a market cap of $987.79 million, a P/E ratio of 19.80 and a beta of 1.64. The business has a 50-day moving average price of $36.46 and a two-hundred day moving average price of $41.18. Napco Security Technologies has a 1-year low of $25.51 and a 1-year high of $58.09.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NSSC. StockNews.com raised shares of Napco Security Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Craig Hallum cut their target price on shares of Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Needham & Company LLC reissued a “buy” rating and set a $52.00 price objective on shares of Napco Security Technologies in a research report on Thursday, January 16th. Lake Street Capital lowered their target price on Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, DA Davidson cut their price objective on Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $46.43.

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.