Napco Security Technologies Analysts Cut Their Forecasts After Downbeat Earnings

Benzinga
2024/11/06

Napco Security Technologies, Inc. (NASDAQ:NSSC) announced downbeat quarterly results on Monday.

NAPCO Security Techs reported quarterly earnings of 30 cents per share which missed the analyst consensus estimate of 35 cents per share. The company reported quarterly sales of $44.003 million which missed the analyst consensus estimate of $47.726 million.

Richard Soloway, Chairman and CEO, commented, “Fiscal 2025 began with record revenue and net income for any first quarter in the Company’s history and represents the sixteenth consecutive quarter of record sales for a quarterly reporting period. Our record quarterly net income of $11.2 million represents 25% of sales, and our Adjusted EBITDA was $12.3 million for Q1 and equates to a 28% EBITDA margin.”

NAPCO Security Techs shares gained 3.7% to trade at $35.79 on Tuesday.

These analysts made changes to their price targets on NAPCO Security following earnings announcement.

  • Craig-Hallum analyst Jeremy Hamblin maintained NAPCO Security Techs with a Buy and lowered the price target from $65 to $48.
  • TD Cowen analyst Lance Vitanza maintained the stock with a Buy and lowered the price target from $60 to $46.

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