NetApp (NASDAQ:NTAP) Updates FY 2025 Earnings Guidance

NetApp (NASDAQ:NTAP) updated its FY 2025 earnings guidance on Thursday. The company provided EPS guidance of 7.200-7.400 for the period, compared to the consensus EPS estimate of 7.110. The company issued revenue guidance of $6.5 billion-$6.7 billion, compared to the consensus revenue estimate of $6.6 billion. NetApp also updated its FY25 guidance to $7.20-7.40 EPS.

NetApp Trading Up 2.6 %

NTAP traded up $3.23 during trading on Thursday, hitting $126.68. 4,310,551 shares of the company’s stock were exchanged, compared to its average volume of 1,823,610. The stock has a 50 day moving average price of $121.56 and a 200 day moving average price of $122.36. NetApp has a 1 year low of $77.46 and a 1 year high of $135.01. The company has a current ratio of 0.96, a quick ratio of 0.91 and a debt-to-equity ratio of 1.34. The firm has a market cap of $25.94 billion, a P/E ratio of 24.11, a price-to-earnings-growth ratio of 3.13 and a beta of 1.24.

NetApp (NASDAQ:NTAP) last released its quarterly earnings data on Thursday, November 21st. The data storage provider reported $1.87 EPS for the quarter, beating the consensus estimate of $1.78 by $0.09. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.65 billion. NetApp had a return on equity of 121.41% and a net margin of 17.01%. The firm’s revenue was up 6.1% compared to the same quarter last year. During the same period last year, the company posted $1.23 earnings per share. As a group, analysts expect that NetApp will post 5.71 EPS for the current fiscal year.

NetApp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Friday, October 4th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date was Friday, October 4th. NetApp’s dividend payout ratio is presently 40.63%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NTAP. Oppenheimer began coverage on shares of NetApp in a research note on Wednesday, November 13th. They issued a “market perform” rating for the company. Wedbush reaffirmed a “neutral” rating and set a $120.00 target price on shares of NetApp in a research report on Monday, August 26th. Loop Capital raised NetApp from a “hold” rating to a “buy” rating and increased their price target for the company from $121.00 to $150.00 in a report on Tuesday, September 3rd. Barclays increased their target price on NetApp from $116.00 to $119.00 and gave the company an “equal weight” rating in a research note on Thursday, August 29th. Finally, UBS Group upped their price target on shares of NetApp from $121.00 to $134.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $129.06.

Insider Activity

In other NetApp news, CAO Lorenzo Daniel De sold 1,685 shares of the company’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $123.60, for a total transaction of $208,266.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Elizabeth M. O’callahan sold 705 shares of the stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $126.20, for a total value of $88,971.00. Following the completion of the sale, the executive vice president now owns 11,694 shares of the company’s stock, valued at $1,475,782.80. The trade was a 5.69 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,049 shares of company stock valued at $2,807,851. 0.47% of the stock is currently owned by company insiders.

NetApp Company Profile

NetApp, Inc provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide. It operates in two segments, Hybrid Cloud and Public Could. The company offers intelligent data management software, such as NetApp ONTAP, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, and storage infrastructure solutions, including NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp E/EF series, and NetApp StorageGRID.