NetApp, Inc. (NASDAQ:NTAP) Given Price Target Of $28.812


As per NetApp, Inc. (NASDAQ:NTAP)’s news release on 2016-08-18, its shareholders will get cash dividend of $0.19 per share. The recent press release updated on the record date and payout date, which stands at 2016-10-07 and 2016-10-26, respectively.

The stock will commence trading ex-dividend from 2016-10-05, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year NetApp, Inc. (NASDAQ:NTAP) disbursed $0.19 in dividend compared to distribution of $0.19, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 9.0909%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated NetApp, Inc. (NASDAQ:NTAP) to attain a price target of $28.812. It is an average estimate figure given by 16 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $40. The low price range is set at $22 for next year while the arithmetic mean is seen at 3.33.

Eyeing Earnings NetApp, Inc. (NASDAQ:NTAP) is likely to post quarterly numbers around 2016-11-16 for the quarter ending 2016-10-31. The quarterly EPS projection is set at $0.38 for the period ending on 2016-10-31.

In last quarter ended 2016-04-30, NetApp, Inc. (NASDAQ:NTAP) earnings came at $0.28 suggesting a deviation of $0.1. The brokerages targeted EPS of $0.18 for the quarter.

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