NetApp, Inc. (NTAP) : Earnings Whisper

NetApp, Inc. (NTAP) is set to report its first-quarter 2016 results today after the close with a conference call to follow at 2:00pm PT. Checking in on the numbers, the consensus is expecting a profit of $0.23 per share from NetApp, down from $0.60 in the same quarter last year. Revenue is seen declining 11.40% from $1.49 billion to $1.32 billion. Meanwhile, EarningsWhisper.com reports a whisper number of $0.25 per share.

As a quick reminder, NetApp reported 4Q/15 EPS of $0.65, $0.07 worst than the Street’s consensus estimate of $0.72. Revs came in at $1.54 billion versus the $1.59 billion consensus.

On valuation measures, NetApp Inc. shares are currently priced at 17.28x this year’s forecasted earnings. Ticker has a t-12 price/sales ratio of 1.52. EPS for the same period registers at $1.75.

In terms of share statistics, NetApp Inc. has a total of 300.08 million shares outstanding with 0.73% held by insiders and 90.90% held by institutions. The stock’s short interest currently stands at 4.68%, bringing the total number of shares sold short to 13.94 million.

As for passive income investors, the Sunnyvale, California-based firm pays stockholders $0.72 per share annually in dividends, yielding 2.30%.

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