Zacks Research Forecasts Gen Digital FY2028 Earnings

Gen Digital Inc. (NASDAQ:GEN - Free Report) - Zacks Research issued their FY2028 earnings per share (EPS) estimates for Gen Digital in a report released on Tuesday, May 27th. Zacks Research analyst R. Department anticipates that the company will earn $2.81 per share for the year. The consensus estimate for Gen Digital's current full-year earnings is $2.05 per share.

A number of other research firms also recently issued reports on GEN. Royal Bank of Canada increased their price objective on Gen Digital from $28.00 to $30.00 and gave the stock a "sector perform" rating in a report on Wednesday, May 7th. Morgan Stanley decreased their price objective on Gen Digital from $27.00 to $25.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th.

Gen Digital Stock Up 0.7%

Shares of NASDAQ:GEN traded up $0.20 during mid-day trading on Thursday, reaching $28.20. 13,018,095 shares of the stock were exchanged, compared to its average volume of 3,907,346. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 3.29. The company has a market cap of $17.49 billion, a P/E ratio of 27.65, a P/E/G ratio of 1.19 and a beta of 1.00. Gen Digital has a one year low of $22.74 and a one year high of $31.72. The stock's 50 day simple moving average is $26.33 and its 200-day simple moving average is $27.56.

Gen Digital (NASDAQ:GEN - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.01. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $999.48 million. Gen Digital had a return on equity of 58.83% and a net margin of 16.32%. The company's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.53 earnings per share.

Gen Digital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Monday, May 19th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $0.50 annualized dividend and a yield of 1.77%. Gen Digital's dividend payout ratio (DPR) is presently 48.08%.

Insider Buying and Selling at Gen Digital

In other Gen Digital news, Director Nora Denzel sold 31,646 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $28.76, for a total value of $910,138.96. Following the completion of the transaction, the director now directly owns 34,860 shares in the company, valued at $1,002,573.60. This trade represents a 47.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 12.20% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Catalyst Capital Advisors LLC grew its stake in Gen Digital by 117.6% in the first quarter. Catalyst Capital Advisors LLC now owns 1,580 shares of the company's stock valued at $42,000 after purchasing an additional 854 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in Gen Digital by 221.5% in the first quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company's stock valued at $46,000 after purchasing an additional 1,183 shares in the last quarter. Tsfg LLC bought a new position in Gen Digital in the first quarter valued at approximately $52,000. Rise Advisors LLC grew its stake in Gen Digital by 19.2% in the first quarter. Rise Advisors LLC now owns 2,361 shares of the company's stock valued at $63,000 after purchasing an additional 381 shares in the last quarter. Finally, Capital Analysts LLC acquired a new stake in shares of Gen Digital in the first quarter valued at approximately $85,000. 81.38% of the stock is currently owned by institutional investors.

About Gen Digital

Gen Digital Inc engages in the provision of cyber safety solutions for consumers in the United States, Canada, Latin America, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company offers security and performance products under Norton, Avast, Avira, AVG, and CCleaner brands that provide real-time protection and maintenance for PCs, Macs, and mobile devices against malware, viruses, adware, and other online threats.