Stock Monitor: Hortonworks Post Earnings Reporting
LONDON, UK / ACCESSWIRE / February 13, 2018 / Active-Investors.com has just released a free earnings report on National Instruments Corp. (NASDAQ: NATI). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=NATI. The Company reported its fourth quarter fiscal 2017 and full fiscal year 2017 operating and financial results on January 30, 2018. The maker of scientific measuring equipment and software outperformed top- and bottom-line expectations, and reported its highest non-GAAP quarterly operating margin in 20 years. Register today and get access to over 1000 Free Research Reports by joining our site below:
Active-Investors.com is currently working on the research report for Hortonworks, Inc. (NASDAQ: HDP), which also belongs to the Technology sector as the Company National Instruments. Do not miss out and become a member today for free to access this upcoming report at:
Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, National Instruments most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
Earnings Highlights and Summary
For the three months ended December 31, 2017, National Instruments reported revenues of $349.71 million, up 6 % compared to $328.53 million in Q4 2016. The Company's revenue numbers topped analysts' estimates of $347.4 million.
For the full year FY17, National Instruments' revenue grew 5% to $1.29 billion compared to $1.23 billion in FY16.
During Q4 2017, National Instruments' total GAAP operating expenses were $206.85 million, up 5% compared to $196.55 million, while total non-GAAP operating expenses increased 2% to $193.27 million on a y-o-y basis in Q4 2016.
The Company's GAAP operating margin was 16%, while its non-GAAP operating margin was 21% in the reported quarter; the Company's highest quarterly results in 20 years, versus 18% in the year earlier same quarter. National Instruments' GAAP operating income advanced 16% to $57.31 million on a y-o-y basis, while non-GAAP operating income jumped 22% to $73.27 million.
For Q4 2017, National Instruments reported a GAAP net loss of $24.28 million, or $0.18 per diluted loss per share, compared to a GAAP net income of $29.15 million, or $0.23 per diluted share, in Q4 2016. In the reported quarter, the Company recognized a one-time charge of $70 million due to the Tax Cuts and Jobs Act 2017 (TCJA), from the estimated impact of the inclusion of foreign earnings and revaluation of deferred tax assets and liabilities.
National Instruments reported a non-GAAP net income of $0.43 per diluted share for Q4 2017, reflecting an increase of 43% compared to $0.30 per diluted share in Q4 2016. The Company's earnings beat Wall Street's estimates of $0.35 per share.
For FY17, National Instruments reported a GAAP net income of $52.41 million, or $0.40 per diluted share, compared to $82.73 million, or $0.64 per diluted share, in FY16. The Company posted a non-GAAP net income of $1.22 per diluted share in FY17 versus $0.93 per diluted share in FY16.
During Q4 2017, National Instruments' total orders value grew 5% on a y-o-y basis. The Company's orders under $20,000 were up 3% on a y-o-y basis, while orders over $20,000 advanced 7% compared to the year ago same period.
As of December 31, 2017, National Instruments had $412 million in cash and short-term investments. During Q4 2017, the Company paid $27 million in dividends. For FY17, the Company's cash provided by operating activities totaled $224.44 million compared to $200.20 million for FY16.
For the first quarter of the fiscal year 2018, National Instruments is forecasting revenues to be in the range of $305 million to $335 million, which would be a new Q1 record at the midpoint. The Company is estimating GAAP earnings per diluted share to be in the band of $0.11 to $0.25 for the upcoming quarter, with non-GAAP diluted earnings per share are expected to be in the range of $0.19 to $0.33. For FY18, National Instruments is estimating its non-GAAP effective tax rate to be approximately 17%.
Stock Performance Snapshot
February 12, 2018 - At Monday's closing bell, National Instruments' stock climbed 1.54%, ending the trading session at $46.83.
Volume traded for the day: 577.30 thousand shares, which was above the 3-month average volume of 572.88 thousand shares.
Stock performance in the last month – up 6.48%; previous three-month period – up 4.34%; past twelve-month period – up 47.45%; and year-to-date – up 12.49%
After yesterday's close, National Instruments' market cap was at $6.15 billion.
Price to Earnings (P/E) ratio was at 117.37.
The stock has a dividend yield of 1.96%.
The stock is part of the Technology sector, categorized under the Technical & System Software industry. This sector was up 1.3% at the end of the session.
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