Equities research analysts predict that New Relic Inc (NYSE:NEWR) will announce $0.12 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for New Relic’s earnings. The lowest EPS estimate is $0.10 and the highest is $0.14. New Relic reported earnings per share of $0.05 during the same quarter last year, which indicates a positive year over year growth rate of 140%. The firm is scheduled to report its next quarterly earnings results on Tuesday, February 5th.

On average, analysts expect that New Relic will report full-year earnings of $0.49 per share for the current financial year, with EPS estimates ranging from $0.41 to $0.57. For the next financial year, analysts forecast that the business will post earnings of $0.79 per share, with EPS estimates ranging from $0.51 to $0.97. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that that provide coverage for New Relic.

New Relic (NYSE:NEWR) last released its quarterly earnings results on Tuesday, November 6th. The software maker reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.03). The company had revenue of $114.90 million for the quarter, compared to analyst estimates of $112.26 million. New Relic had a negative return on equity of 7.97% and a negative net margin of 6.93%. The business’s revenue was up 35.7% on a year-over-year basis. During the same period last year, the firm posted ($0.06) earnings per share.

Several equities research analysts have issued reports on the company. BMO Capital Markets lifted their price objective on New Relic from $110.00 to $117.00 and gave the stock an “outperform” rating in a report on Wednesday, August 8th. Zacks Investment Research downgraded New Relic from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 10th. ValuEngine downgraded New Relic from a “strong-buy” rating to a “buy” rating in a report on Monday, July 30th. TheStreet upgraded New Relic from a “d” rating to a “c” rating in a report on Thursday, August 23rd. Finally, Morgan Stanley boosted their price target on New Relic from $80.00 to $102.00 and gave the company an “equal weight” rating in a report on Wednesday, August 8th. Seven analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. New Relic currently has a consensus rating of “Buy” and an average target price of $103.47.

NEWR stock traded down $0.81 during midday trading on Tuesday, hitting $84.75. 947,154 shares of the company’s stock were exchanged, compared to its average volume of 884,768. The company has a quick ratio of 3.81, a current ratio of 3.81 and a debt-to-equity ratio of 1.25. New Relic has a 12-month low of $55.01 and a 12-month high of $114.78. The company has a market capitalization of $4.83 billion, a PE ratio of -114.53 and a beta of 0.82.

In other New Relic news, CFO Mark Sachleben sold 3,437 shares of the business’s stock in a transaction on Monday, August 20th. The stock was sold at an average price of $99.66, for a total transaction of $342,531.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James R. Gochee sold 4,000 shares of the business’s stock in a transaction on Wednesday, November 14th. The stock was sold at an average price of $83.64, for a total value of $334,560.00. Following the transaction, the insider now owns 302,946 shares of the company’s stock, valued at approximately $25,338,403.44. The disclosure for this sale can be found here. Insiders have sold a total of 426,923 shares of company stock valued at $40,351,651 in the last quarter. 20.40% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in NEWR. Dimensional Fund Advisors LP acquired a new position in New Relic during the 1st quarter worth $679,000. UBS Group AG lifted its holdings in shares of New Relic by 120.5% in the first quarter. UBS Group AG now owns 29,623 shares of the software maker’s stock valued at $2,195,000 after buying an additional 16,190 shares during the period. LPL Financial LLC acquired a new stake in shares of New Relic in the first quarter valued at $238,000. Xact Kapitalforvaltning AB lifted its holdings in shares of New Relic by 19.9% in the second quarter. Xact Kapitalforvaltning AB now owns 6,037 shares of the software maker’s stock valued at $607,000 after buying an additional 1,000 shares during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of New Relic in the second quarter valued at $322,000. Institutional investors own 76.62% of the company’s stock.

About New Relic

New Relic, Inc, a software-as-a-service company, provides various digital products worldwide. Its cloud-based platform and suite of products include New Relic Platform, which enable organizations to collect, store, and analyze data. The company offers New Relic Application Performance Management that provides visibility into the performance and usage of server-based applications, such as data pertaining to response time, transaction throughput, error rates, top transactions, and user satisfaction; New Relic Mobile, which provides code-level visibility into the performance and health of mobile applications running on the iOS and Android mobile operating systems; and New Relic Browser that monitors the page view experiences of actual end-users for desktop and mobile browser-based applications.

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