Gen Digital (GEN) Scheduled to Post Quarterly Earnings on Wednesday

Gen Digital (NASDAQ:GEN) will issue its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.50 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Gen Digital (NASDAQ:GEN) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.49 EPS for the quarter, hitting analysts’ consensus estimates of $0.49. The company had revenue of $965.00 million for the quarter, compared to the consensus estimate of $960.41 million. Gen Digital had a net margin of 15.87% and a return on equity of 52.29%. On average, analysts expect Gen Digital to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Gen Digital Trading Down 0.2 %

Gen Digital stock opened at $26.97 on Monday. Gen Digital has a 12-month low of $16.38 and a 12-month high of $28.45. The company has a debt-to-equity ratio of 3.65, a current ratio of 0.30 and a quick ratio of 0.30. The stock has a market capitalization of $16.89 billion, a PE ratio of 28.39, a price-to-earnings-growth ratio of 1.27 and a beta of 0.81. The firm has a 50 day simple moving average of $26.72 and a 200-day simple moving average of $24.83.

Gen Digital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Monday, August 19th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date was Monday, August 19th. Gen Digital’s payout ratio is currently 52.63%.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company raised Gen Digital to a “strong-buy” rating in a research note on Thursday.

Gen Digital Company Profile

Gen Digital Inc engages in the provision of cyber safety solutions for consumers in the United States, Canada, Latin America, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company offers security and performance products under Norton, Avast, Avira, AVG, and CCleaner brands that provide real-time protection and maintenance for PCs, Macs, and mobile devices against malware, viruses, adware, and other online threats.