Napco Security Technologies (NASDAQ:NSSC) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Napco Security Technologies (NASDAQ:NSSC) posted its earnings results on Monday. The industrial products company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.03, RTT News reports. Napco Security Technologies had a net margin of 25.08% and a return on equity of 30.81%. The business had revenue of $49.30 million for the quarter, compared to analyst estimates of $48.16 million. During the same quarter in the prior year, the firm earned $0.29 EPS. The firm’s quarterly revenue was up 13.3% compared to the same quarter last year.

Napco Security Technologies Trading Up 9.5 %

Napco Security Technologies stock opened at $46.50 on Monday. Napco Security Technologies has a 1 year low of $17.76 and a 1 year high of $46.50. The company has a market cap of $1.71 billion, a PE ratio of 35.69 and a beta of 1.51. The company’s 50-day moving average is $40.99 and its two-hundred day moving average is $35.37.

Insider Buying and Selling at Napco Security Technologies

In other Napco Security Technologies news, SVP Michael Carrieri sold 5,200 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $45.92, for a total transaction of $238,784.00. Following the transaction, the senior vice president now directly owns 14,232 shares in the company, valued at approximately $653,533.44. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Richard Soloway sold 50,000 shares of the stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $40.75, for a total value of $2,037,500.00. Following the sale, the chief executive officer now directly owns 1,656,010 shares in the company, valued at approximately $67,482,407.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michael Carrieri sold 5,200 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $45.92, for a total transaction of $238,784.00. Following the completion of the sale, the senior vice president now owns 14,232 shares in the company, valued at $653,533.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 93,200 shares of company stock worth $3,987,644. Company insiders own 11.54% of the company’s stock.

Analyst Upgrades and Downgrades

NSSC has been the topic of a number of research analyst reports. Imperial Capital lowered shares of Napco Security Technologies from an “outperform” rating to an “in-line” rating and set a $45.00 price objective on the stock. in a report on Tuesday, February 6th. StockNews.com lowered shares of Napco Security Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. DA Davidson initiated coverage on shares of Napco Security Technologies in a report on Friday, April 26th. They set a “buy” rating and a $52.00 price objective on the stock. Finally, Needham & Company LLC reissued a “buy” rating and set a $46.00 price objective on shares of Napco Security Technologies in a report on Friday, April 12th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $36.67.

Napco Security Technologies Company Profile

Napco Security Technologies, Inc develops, manufactures, and sells electronic security products in the United States and internationally. The company offers access control systems, door-locking products, intrusion and fire alarm systems, and video surveillance systems for commercial, residential, institutional, industrial, and governmental applications.