NortonLifeLock Inc. (NASDAQ:NLOK) Expected to Announce Earnings of $0.08 Per Share

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Brokerages forecast that NortonLifeLock Inc. (NASDAQ:NLOK) will post earnings per share (EPS) of $0.08 for the current quarter, Zacks reports. Five analysts have made estimates for NortonLifeLock’s earnings, with the lowest EPS estimate coming in at $0.07 and the highest estimate coming in at $0.09. NortonLifeLock reported earnings per share of $0.44 during the same quarter last year, which would suggest a negative year-over-year growth rate of 81.8%. The company is scheduled to announce its next earnings report on Thursday, January 30th.

On average, analysts expect that NortonLifeLock will report full year earnings of $0.72 per share for the current financial year, with EPS estimates ranging from $0.66 to $0.77. For the next fiscal year, analysts forecast that the company will post earnings of $1.04 per share, with EPS estimates ranging from $1.00 to $1.13. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for NortonLifeLock.

NortonLifeLock (NASDAQ:NLOK) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.05. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.18 billion. NortonLifeLock had a net margin of 21.39% and a return on equity of 12.82%. The business’s revenue was up .3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.42 EPS.

NLOK has been the topic of several research analyst reports. ValuEngine raised shares of NortonLifeLock from a “hold” rating to a “buy” rating in a report on Saturday, December 7th. Royal Bank of Canada initiated coverage on shares of NortonLifeLock in a report on Friday, November 8th. They issued a “sector perform” rating on the stock. Mizuho reissued a “buy” rating and issued a $28.00 price target on shares of NortonLifeLock in a report on Tuesday. Barclays initiated coverage on shares of NortonLifeLock in a report on Wednesday, November 6th. They issued an “equal weight” rating on the stock. Finally, Zacks Investment Research cut shares of NortonLifeLock from a “hold” rating to a “sell” rating in a report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $27.00.

A hedge fund recently bought a new stake in NortonLifeLock stock. New Mexico Educational Retirement Board bought a new position in shares of NortonLifeLock Inc. (NASDAQ:NLOK) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 47,697 shares of the company’s stock, valued at approximately $1,127,000. Institutional investors own 85.33% of the company’s stock.

NortonLifeLock stock traded down $0.18 during trading hours on Friday, hitting $26.00. The company had a trading volume of 6,891,648 shares, compared to its average volume of 6,586,245. The stock has a market cap of $16.43 billion, a P/E ratio of 22.22, a P/E/G ratio of 13.00 and a beta of 1.29. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 0.55. NortonLifeLock has a one year low of $17.42 and a one year high of $26.71.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Monday, November 25th will be given a dividend of $0.125 per share. The ex-dividend date is Friday, November 22nd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.92%. NortonLifeLock’s payout ratio is presently 42.74%.

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.

Further Reading: Overbought

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