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Will NetApp’s Revenue Continue to Rise in Fiscal 2018?

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Dec. 4 2020, Updated 10:42 a.m. ET

Analysts expect NetApp’s revenue to rise 2.7% in fiscal 2018

Analysts expect NetApp’s (NTAP) revenues to rise 2.7% YoY (year-over-year) to $5.7 billion in fiscal 2018 compared with its revenues of $5.5 billion in fiscal 2017. NetApp’s revenues are also expected to rise 2.1% in fiscal 2019 on a YoY basis to $5.8 billion.

NetApp’s non-GAAP (generally accepted accounting principles) EPS (earnings per share) could rise 14% YoY in fiscal 2018 to $3.12 and 9% YoY to $3.40 in fiscal 2019. Analysts expect the revenues of storage firms such as Western Digital (WDC), Seagate (STX), and Pure Storage (PSTG) to rise 5.8%, -7.1%, and 38.7%, respectively, in their next fiscal years.

In the above chart, we can see that NetApp’s revenue has fallen YoY between fiscal 2013 and fiscal 2017. Analysts expect NetApp to return to revenue growth in fiscal 2018.

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Dividend yield

In order to offset difficult macro conditions and increase shareholder value, NetApp has increased its dividend yield every year since 2014. NetApp has a dividend yield of $0.20 per share per quarter, or an annualized payout of $0.80 per share, which indicates a dividend yield of 1.7% and a dividend payout ratio of 32.1%.

NetApp’s dividend yield has risen at a CAGR (compounded annual growth rate) of 35.1% since 2014. The company’s dividend yield has risen 7.2% since 2016. Western Digital (WDC), Seagate (STX), and IBM (IBM) have dividend yields of 2.3%, 6.7%, and 4%, respectively.

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