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

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

Napco Security Technologies Stock Performance

Shares of NASDAQ NSSC traded up $2.83 during mid-day trading on Monday, reaching $45.30. 765,351 shares of the company traded hands, compared to its average volume of 352,385. The stock has a market cap of $1.67 billion, a PE ratio of 38.07 and a beta of 1.51. The company's fifty day moving average is $41.01 and its two-hundred day moving average is $35.54. Napco Security Technologies has a fifty-two week low of $17.76 and a fifty-two week high of $46.26.

Insider Activity

In other news, CEO Richard Soloway sold 28,000 shares of the stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $45.12, for a total transaction of $1,263,360.00. Following the transaction, the chief executive officer now owns 3,706,010 shares of the company's stock, valued at approximately $167,215,171.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Napco Security Technologies news, CFO Kevin S. Buchel sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $44.80, for a total value of $448,000.00. Following the sale, the chief financial officer now owns 112,739 shares of the company's stock, valued at approximately $5,050,707.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Richard Soloway sold 28,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $45.12, for a total value of $1,263,360.00. Following the completion of the sale, the chief executive officer now directly owns 3,706,010 shares in the company, valued at approximately $167,215,171.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 93,200 shares of company stock valued at $3,987,644. Insiders own 11.54% of the company's stock.

Wall Street Analysts Forecast Growth

NSSC has been the subject of several analyst reports. StockNews.com downgraded Napco Security Technologies from a "buy" rating to a "hold" rating in a report on Tuesday, February 13th. Needham & Company LLC reaffirmed a "buy" rating and set a $46.00 target price on shares of Napco Security Technologies in a report on Friday, April 12th. DA Davidson initiated coverage on Napco Security Technologies in a report on Friday, April 26th. They set a "buy" rating and a $52.00 target price for the company. Finally, Imperial Capital downgraded Napco Security Technologies from an "outperform" rating to an "in-line" rating and set a $45.00 price objective for the company. in a research note on Tuesday, February 6th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Napco Security Technologies has a consensus rating of "Hold" and an average price target 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.