Gen Digital (NASDAQ:GEN) Announces Earnings Results, Beats Expectations By $0.01 EPS

Gen Digital (NASDAQ:GEN) announced its earnings results on Thursday. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.61 by $0.01, Briefing.com reports. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.20 billion. Gen Digital had a net margin of 14.12% and a return on equity of 57.99%. The business’s quarterly revenue was up 25.3% on a year-over-year basis. During the same period last year, the company posted $0.54 EPS. Gen Digital updated its FY 2026 guidance to 2.510-2.56 EPS and its Q3 2026 guidance to 0.620-0.64 EPS.

Gen Digital Stock Performance

Shares of GEN opened at $25.77 on Friday. The company has a market cap of $15.87 billion, a PE ratio of 26.57, a price-to-earnings-growth ratio of 0.87 and a beta of 0.94. The firm has a 50-day moving average of $27.82 and a 200-day moving average of $28.68. Gen Digital has a one year low of $22.74 and a one year high of $32.22. The company has a debt-to-equity ratio of 3.63, a current ratio of 0.50 and a quick ratio of 0.50.

Gen Digital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 17th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, November 17th. Gen Digital’s dividend payout ratio (DPR) is 54.35%.

Institutional Trading of Gen Digital

Several institutional investors and hedge funds have recently bought and sold shares of the business. Geneos Wealth Management Inc. boosted its stake in shares of Gen Digital by 221.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock worth $46,000 after acquiring an additional 1,183 shares during the period. MUFG Securities EMEA plc acquired a new stake in shares of Gen Digital during the 2nd quarter worth about $47,000. Great Lakes Advisors LLC bought a new stake in shares of Gen Digital during the 1st quarter worth about $205,000. HUB Investment Partners LLC acquired a new stake in shares of Gen Digital during the second quarter worth $322,000. Finally, Merit Financial Group LLC boosted its position in shares of Gen Digital by 12.0% in the third quarter. Merit Financial Group LLC now owns 12,501 shares of the company’s stock valued at $355,000 after acquiring an additional 1,335 shares during the period. Institutional investors own 81.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Gen Digital in a report on Wednesday, October 8th. Wall Street Zen upgraded Gen Digital from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. Barclays lifted their price target on Gen Digital from $32.00 to $33.00 and gave the company an “equal weight” rating in a research note on Friday, August 8th. Wells Fargo & Company upped their price objective on Gen Digital from $37.00 to $40.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. Finally, Jefferies Financial Group initiated coverage on Gen Digital in a report on Friday, October 3rd. They set a “hold” rating and a $31.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $35.43.

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.