NetApp (NTAP) Expected to Post Quarterly Earnings on Wednesday

Key Points

• NetApp is expected to report Q1 fiscal 2027 results after the market closes on September 2. Analysts forecast earnings of $2.12 per share on revenue of approximately $1.84 billion, compared with company guidance of $2.05–$2.15 EPS.
• In the previous quarter, NetApp reported $2.03 EPS, missing estimates of $2.27, while revenue rose 12.5% year over year to $1.95 billion and exceeded expectations.
• Wall Street maintains a consensus “Hold” rating, with an average price target of $179.77. NetApp also pays a quarterly dividend of $0.52 per share, representing a 1.1% yield.

NetApp (NASDAQ:NTAP - Get Free Report) is expected to release its Q1 2027 results after the market closes on Wednesday, September 2nd. Analysts expect the company to announce earnings of $2.12 per share and revenue of $1.8359 billion for the quarter. NetApp has set its FY 2027 guidance at 8.700-9.000 EPS and its Q1 2027 guidance at 2.050-2.150 EPS. Interested persons may review the information on the company's upcoming Q1 2027 earning summary page for the latest details on the call scheduled for Wednesday, September 2, 2026 at 5:30 PM ET.

NetApp (NASDAQ:NTAP - Get Free Report) last posted its quarterly earnings data on Thursday, May 28th. The data storage provider reported $2.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.27 by ($0.24). NetApp had a return on equity of 117.23% and a net margin of 18.43%.The firm had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $1.87 billion. During the same period in the prior year, the firm earned $1.93 earnings per share. NetApp's revenue was up 12.5% compared to the same quarter last year. On average, analysts expect NetApp to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

NetApp Stock Performance

NASDAQ NTAP opened at $187.43 on Wednesday. The company has a fifty day moving average price of $173.96 and a 200-day moving average price of $136.41. The firm has a market cap of $36.78 billion, a price-to-earnings ratio of 29.47, a PEG ratio of 3.34 and a beta of 1.45. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.44 and a quick ratio of 1.39. NetApp has a 1 year low of $93.69 and a 1 year high of $209.06.

NetApp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 29th. Investors of record on Friday, July 10th were issued a dividend of $0.52 per share. The ex-dividend date was Friday, July 10th. This represents a $2.08 annualized dividend and a yield of 1.1%. NetApp's payout ratio is 32.70%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Evercore set a $210.00 price objective on shares of NetApp in a research report on Monday. The Goldman Sachs Group reissued a "buy" rating and set a $200.00 target price on shares of NetApp in a research report on Tuesday, June 2nd. Morgan Stanley upgraded NetApp from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $137.00 to $173.00 in a research note on Monday, August 10th. Citigroup upped their target price on NetApp from $150.00 to $209.00 and gave the company a "neutral" rating in a report on Tuesday, August 18th. Finally, Wedbush increased their price target on NetApp from $115.00 to $150.00 and gave the company a "neutral" rating in a research report on Friday, May 29th. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $179.77.

Insider Activity at NetApp

In other NetApp news, EVP Elizabeth M. O'callahan sold 1,000 shares of NetApp stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $193.82, for a total value of $193,820.00. Following the sale, the executive vice president owned 30,297 shares of the company's stock, valued at approximately $5,872,164.54. The trade was a 3.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Lorenzo Daniel De sold 225 shares of the business's stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $171.09, for a total transaction of $38,495.25. Following the completion of the transaction, the chief accounting officer owned 1,090 shares in the company, valued at approximately $186,488.10. The trade was a 17.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 55,297 shares of company stock worth $8,758,016. 0.36% of the stock is owned by company insiders.

Institutional Investors Weigh In On NetApp

Several large investors have recently modified their holdings of NTAP. DV Equities LLC purchased a new position in NetApp in the fourth quarter valued at approximately $30,000. Gen Wealth Partners Inc purchased a new stake in NetApp in the fourth quarter worth $30,000. Measured Wealth Private Client Group LLC purchased a new stake in NetApp in the third quarter worth $35,000. Zions Bancorporation National Association UT raised its stake in shares of NetApp by 99.5% in the fourth quarter. Zions Bancorporation National Association UT now owns 385 shares of the data storage provider's stock valued at $41,000 after buying an additional 192 shares during the period. Finally, Sunbelt Securities Inc. raised its stake in shares of NetApp by 92.8% in the third quarter. Sunbelt Securities Inc. now owns 480 shares of the data storage provider's stock valued at $57,000 after buying an additional 231 shares during the period. Hedge funds and other institutional investors own 92.17% of the company's stock.

About NetApp

NetApp, Inc NASDAQ: NTAP is a data management and storage company that delivers hybrid cloud data services for applications and data. Founded in 1992 as Network Appliance and rebranded as NetApp in 2008, the company is headquartered in Sunnyvale, California. NetApp's offering focuses on enabling organizations to store, manage, protect and move data across on-premises environments and major public clouds.

The company's product portfolio centers on the ONTAP data management software and a range of storage systems and services built around it.

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