Lake Street raised the firm’s price target on Napco Security to $46 from $36 and keeps a Buy rating on the shares after the company reported quarterly revenue, AEBITDA, and EPS above estimates. In addition, the company raised its quarterly dividend and with $79M in cash, no debt, and the firm’s expectation for continued strong cash flow, it “would not be surprised to see the dividend continue to get raised going forward,” the analyst tells investors.
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Read More on NSSC:
- Napco Security Announces Cash Dividend for Shareholders
- NAPCO Reports Record Revenues, Net Income and Adjusted EBITDA* for Q2 of Fiscal 2024
- Napco Security reports Q2 EPS 34c, consensus 26c
- NSSC Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Napco Security management to meet virtually with William Blair
