NortonLifeLock Inc. (NASDAQ:NLOK) Expected to Announce Earnings of $0.21 Per Share

Equities analysts expect that NortonLifeLock Inc. (NASDAQ:NLOK) will report $0.21 earnings per share (EPS) for the current quarter, Zacks reports. Five analysts have issued estimates for NortonLifeLock’s earnings. The lowest EPS estimate is $0.16 and the highest is $0.23. NortonLifeLock posted earnings of $0.43 per share during the same quarter last year, which would indicate a negative year over year growth rate of 51.2%. The firm is expected to issue its next earnings report on Thursday, August 13th.

According to Zacks, analysts expect that NortonLifeLock will report full-year earnings of $1.14 per share for the current year, with EPS estimates ranging from $0.96 to $1.34. For the next year, analysts anticipate that the business will post earnings of $1.43 per share, with EPS estimates ranging from $1.29 to $1.54. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that cover NortonLifeLock.

NortonLifeLock (NASDAQ:NLOK) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.07. NortonLifeLock had a net margin of 125.92% and a return on equity of 11.63%. The business had revenue of $610.00 million during the quarter, compared to analyst estimates of $602.21 million. During the same quarter in the previous year, the business earned $0.16 EPS.

Several equities research analysts recently issued reports on the stock. Mizuho lifted their price objective on shares of NortonLifeLock from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, May 15th. They noted that the move was a valuation call. TheStreet raised shares of NortonLifeLock from a “c” rating to a “b-” rating in a research note on Thursday, February 6th. UBS Group boosted their target price on shares of NortonLifeLock from $23.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Stifel Nicolaus boosted their target price on shares of NortonLifeLock from $19.00 to $21.00 and gave the stock a “hold” rating in a research report on Friday, May 15th. Finally, Robert W. Baird boosted their target price on shares of NortonLifeLock from $20.00 to $24.00 and gave the stock a “neutral” rating in a research report on Friday, May 15th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. NortonLifeLock has a consensus rating of “Hold” and a consensus target price of $22.55.

Shares of NLOK stock remained flat at $$20.24 on Friday. 2,992,079 shares of the company traded hands, compared to its average volume of 6,089,969. The company has a debt-to-equity ratio of 353.80, a quick ratio of 2.88 and a current ratio of 1.17. NortonLifeLock has a 1-year low of $15.12 and a 1-year high of $28.70. The stock’s fifty day moving average price is $20.16. The stock has a market capitalization of $12.15 billion, a price-to-earnings ratio of 3.36, a PEG ratio of 3.55 and a beta of 0.91.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $0.50 annualized dividend and a dividend yield of 2.47%. NortonLifeLock’s payout ratio is 66.67%.

In other news, President Samir Kapuria sold 45,162 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $20.61, for a total transaction of $930,788.82. Following the transaction, the president now owns 291,481 shares in the company, valued at approximately $6,007,423.41. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.40% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Capital World Investors increased its stake in NortonLifeLock by 11.6% in the first quarter. Capital World Investors now owns 72,985,464 shares of the company’s stock valued at $1,365,558,000 after acquiring an additional 7,614,607 shares during the period. BlackRock Inc. increased its stake in NortonLifeLock by 8.1% in the first quarter. BlackRock Inc. now owns 45,170,494 shares of the company’s stock valued at $845,139,000 after acquiring an additional 3,372,482 shares during the period. Franklin Resources Inc. bought a new stake in NortonLifeLock in the fourth quarter valued at about $762,700,000. State Street Corp bought a new stake in NortonLifeLock in the fourth quarter valued at about $662,260,000. Finally, FMR LLC bought a new stake in NortonLifeLock in the fourth quarter valued at about $468,450,000. Institutional investors own 93.81% of the company’s stock.

About NortonLifeLock

NortonLifeLock Inc provides cyber security products, services, and solutions worldwide. The company offers Norton security solutions as a subscription service providing protection for devices against malware, viruses, adware, and ransomware on various platforms; and LifeLock identity theft protection solution that provides identity monitoring, alerts, and restoration to its customers.

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Earnings History and Estimates for NortonLifeLock (NASDAQ:NLOK)

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