Analysts Anticipate NortonLifeLock Inc. (NASDAQ:NLOK) Will Post Quarterly Sales of $657.88 Million


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Equities research analysts expect NortonLifeLock Inc. (NASDAQ:NLOK) to post sales of $657.88 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for NortonLifeLock’s earnings, with the lowest sales estimate coming in at $654.50 million and the highest estimate coming in at $661.25 million. NortonLifeLock posted sales of $610.00 million during the same quarter last year, which would indicate a positive year over year growth rate of 7.8%. The business is scheduled to report its next earnings report after the market closes on Monday, May 10th.

According to Zacks, analysts expect that NortonLifeLock will report full year sales of $2.54 billion for the current year, with estimates ranging from $2.53 billion to $2.54 billion. For the next year, analysts expect that the business will post sales of $2.71 billion, with estimates ranging from $2.69 billion to $2.74 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow NortonLifeLock.

NortonLifeLock (NASDAQ:NLOK) last posted its quarterly earnings results on Thursday, February 4th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.32 by $0.06. The company had revenue of $639.00 million during the quarter, compared to analysts’ expectations of $630.24 million. NortonLifeLock had a return on equity of 33.48% and a net margin of 131.80%.

A number of brokerages have recently issued reports on NLOK. Credit Suisse Group boosted their target price on NortonLifeLock from $22.00 to $24.00 and gave the stock a “neutral” rating in a report on Friday, February 5th. Morgan Stanley boosted their target price on NortonLifeLock from $25.50 to $26.00 and gave the stock an “overweight” rating in a report on Friday, February 5th. Finally, Bank of America began coverage on NortonLifeLock in a report on Monday, April 19th. They set an “underperform” rating and a $19.00 target price for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. NortonLifeLock has an average rating of “Hold” and an average target price of $24.20.

NLOK traded down $0.16 during midday trading on Tuesday, hitting $21.46. The company’s stock had a trading volume of 3,514,175 shares, compared to its average volume of 5,195,259. NortonLifeLock has a 52-week low of $17.98 and a 52-week high of $24.40. The firm has a market cap of $12.49 billion, a P/E ratio of 4.24, a PEG ratio of 2.78 and a beta of 0.79. The firm has a 50-day moving average price of $21.66 and a two-hundred day moving average price of $20.72.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 17th. Shareholders of record on Monday, February 22nd were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend was Friday, February 19th. NortonLifeLock’s payout ratio is 66.67%.

Several institutional investors and hedge funds have recently made changes to their positions in NLOK. Jones Financial Companies Lllp acquired a new position in shares of NortonLifeLock in the 1st quarter valued at approximately $28,000. Hoover Financial Advisors Inc. acquired a new position in shares of NortonLifeLock in the 4th quarter valued at approximately $33,000. Tompkins Financial Corp acquired a new position in shares of NortonLifeLock in the 4th quarter valued at approximately $44,000. Oder Investment Management LLC acquired a new position in shares of NortonLifeLock in the 4th quarter valued at approximately $44,000. Finally, Global Retirement Partners LLC acquired a new position in shares of NortonLifeLock in the 4th quarter valued at approximately $45,000. 91.14% of the stock is currently owned by institutional investors.

About NortonLifeLock

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

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