NetSol Technologies Inc. (NASDAQ:NTWK) – Investment analysts at Taglich Brothers reduced their Q3 2017 earnings per share (EPS) estimates for NetSol Technologies in a report released on Thursday. Taglich Brothers analyst H. Halpern now anticipates that the firm will earn $0.13 per share for the quarter, down from their previous forecast of $0.20. Taglich Brothers also issued estimates for NetSol Technologies’ Q1 2018 earnings at $0.01 EPS, Q2 2018 earnings at $0.21 EPS, Q3 2018 earnings at $0.22 EPS, Q4 2018 earnings at $0.35 EPS and FY2018 earnings at $0.78 EPS.
NetSol Technologies (NASDAQ:NTWK) last issued its quarterly earnings data on Thursday, September 15th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.08. The business earned $19.10 million during the quarter. NetSol Technologies had a net margin of 5.27% and a return on equity of 4.56%.
Other analysts also recently issued research reports about the stock. TheStreet raised shares of NetSol Technologies from a “hold” rating to a “buy” rating in a research report on Thursday. Zacks Investment Research raised shares of NetSol Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, July 5th.
NetSol Technologies (NASDAQ:NTWK) opened at 6.26 on Friday. NetSol Technologies has a one year low of $5.02 and a one year high of $9.50. The stock has a 50 day moving average of $6.10 and a 200-day moving average of $6.30. The firm has a market capitalization of $66.89 million, a PE ratio of 19.56 and a beta of 0.69.
Hedge funds have recently modified their holdings of the stock. Raymond James & Associates purchased a new stake in shares of NetSol Technologies during the second quarter valued at about $114,000. Royal Bank of Canada boosted its position in NetSol Technologies by 57.2% in the first quarter. Royal Bank of Canada now owns 30,657 shares of the company’s stock valued at $214,000 after buying an additional 11,157 shares during the period. Acadian Asset Management LLC boosted its position in NetSol Technologies by 1.8% in the first quarter. Acadian Asset Management LLC now owns 39,284 shares of the company’s stock valued at $274,000 after buying an additional 704 shares during the period. Algert Global LLC boosted its position in NetSol Technologies by 26.5% in the first quarter. Algert Global LLC now owns 46,069 shares of the company’s stock valued at $322,000 after buying an additional 9,660 shares during the period. Finally, Geode Capital Management LLC boosted its position in NetSol Technologies by 6.0% in the first quarter. Geode Capital Management LLC now owns 52,458 shares of the company’s stock valued at $366,000 after buying an additional 2,967 shares during the period. 15.01% of the stock is owned by institutional investors.
About NetSol Technologies
NetSol Technologies, Inc is a provider of information technology (IT) and enterprise software solutions. The Company’s primary source of revenue is the licensing, customization, enhancement and maintenance of its suite of financial applications under the brand name NetSol Financial Suite (NFS) and NFS Ascent for businesses in the global lease and finance industry.
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