Gen Digital (NASDAQ:GEN) Issues FY 2027 Earnings Guidance

by · The Markets Daily

Gen Digital (NASDAQ:GEN – Get Free Report) issued an update on its FY 2027 earnings guidance on Tuesday. The company provided EPS guidance of 2.970-2.970 for the period, compared to the consensus earnings per share estimate of 2.870. The company issued revenue guidance of $5.5 billion-$5.5 billion, compared to the consensus revenue estimate of $5.4 billion. Gen Digital also updated its Q2 2027 guidance to 0.730-0.730 EPS.

Analyst Ratings Changes

Several research firms recently commented on GEN. Barclays increased their price target on Gen Digital from $27.00 to $32.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Wells Fargo & Company upped their target price on Gen Digital from $22.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Wall Street Zen downgraded Gen Digital from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Weiss Ratings upgraded Gen Digital from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, July 15th. Finally, Royal Bank Of Canada lowered their price target on shares of Gen Digital from $30.00 to $26.00 and set a “sector perform” rating on the stock in a research report on Friday, September 25th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $30.80.

Read Our Latest Research Report on GEN

Gen Digital Stock Up 5.6%

Shares of NASDAQ GEN opened at $22.02 on Thursday. The company has a market capitalization of $13.18 billion, a P/E ratio of 12.80, a P/E/G ratio of 0.65 and a beta of 1.22. The company has a debt-to-equity ratio of 3.00, a current ratio of 0.47 and a quick ratio of 0.47. The company has a 50 day simple moving average of $28.22 and a 200-day simple moving average of $24.69. Gen Digital has a 1 year low of $17.78 and a 1 year high of $31.65.

Gen Digital (NASDAQ:GEN – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Gen Digital had a return on equity of 55.93% and a net margin of 20.73%.The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.64 earnings per share. Gen Digital has set its FY 2027 guidance at 2.870-2.970 EPS and its Q2 2027 guidance at 0.710-0.730 EPS. On average, equities research analysts predict that Gen Digital will post 2.66 earnings per share for the current year.

Gen Digital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Monday, August 17th were given a $0.1250 dividend. The ex-dividend date was Monday, August 17th. This represents a $0.50 dividend on an annualized basis and a yield of 2.3%. Gen Digital’s payout ratio is currently 29.07%.

Insider Activity

In related news, COO Bryan Seuk Ko sold 28,248 shares of the firm’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $30.67, for a total transaction of $866,366.16. Following the completion of the sale, the chief operating officer directly owned 744,262 shares of the company’s stock, valued at approximately $22,826,515.54. This trade represents a 3.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ondrej Vlcek sold 200,000 shares of the business’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $30.00, for a total transaction of $6,000,000.00. Following the completion of the sale, the director owned 3,332,904 shares in the company, valued at approximately $99,987,120. This trade represents a 5.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 558,508 shares of company stock valued at $16,356,093 in the last quarter. Insiders own 9.70% of the company’s stock.

Gen Digital Company Profile

(Get Free Report)

Gen Digital Inc is a global cybersecurity and digital safety company that provides products and services designed to help consumers protect their devices, online privacy, personal information and digital identities. Its offerings include antivirus and malware protection, online privacy tools, identity theft protection, password management, scam and fraud protection, and utilities that support device performance and security.

The company markets its products under a portfolio of well-known brands, including Norton, Avast, LifeLock, Avira, AVG, ReputationDefender and CCleaner.

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