NVIDIA Corporation (NVDA) to Post Q4 2018 Earnings of $1.14 Per Share, B. Riley Forecasts

NVIDIA Corporation (NASDAQ:NVDA) – Investment analysts at B. Riley lifted their Q4 2018 earnings per share estimates for shares of NVIDIA Corporation in a research report issued on Friday. B. Riley analyst C. Ellis now forecasts that the computer hardware maker will post earnings per share of $1.14 for the quarter, up from their previous forecast of $0.98. B. Riley currently has a “Buy” rating and a $250.00 target price on the stock. B. Riley also issued estimates for NVIDIA Corporation’s Q1 2019 earnings at $0.91 EPS, Q2 2019 earnings at $1.03 EPS, Q3 2019 earnings at $1.27 EPS and Q4 2019 earnings at $1.43 EPS.

Several other equities analysts have also recently weighed in on NVDA. Canaccord Genuity reaffirmed a “buy” rating and issued a $155.00 price target on shares of NVIDIA Corporation in a research report on Monday, July 17th. Mizuho reissued a “buy” rating and set a $170.00 target price on shares of NVIDIA Corporation in a research report on Friday, July 21st. Summit Redstone reissued a “buy” rating on shares of NVIDIA Corporation in a research report on Saturday, July 22nd. BidaskClub raised shares of NVIDIA Corporation from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. Finally, Bank of America Corporation reissued a “buy” rating on shares of NVIDIA Corporation in a research report on Monday, August 7th. Four analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $185.41.

TRADEMARK VIOLATION NOTICE: This report was first published by Stock Observer and is the sole property of of Stock Observer. If you are viewing this report on another website, it was copied illegally and reposted in violation of U.S. and international copyright and trademark law. The original version of this report can be read at https://www.thestockobserver.com/2017/11/14/nvidia-corporation-nvda-to-post-q4-2018-earnings-of-1-14-per-share-b-riley-forecasts.html.

Shares of NVIDIA Corporation (NASDAQ NVDA) traded up $0.97 during midday trading on Monday, reaching $213.60. 7,733,381 shares of the company traded hands, compared to its average volume of 17,758,639. NVIDIA Corporation has a twelve month low of $83.62 and a twelve month high of $218.67. The company has a market cap of $127,580.00, a PE ratio of 53.24, a price-to-earnings-growth ratio of 5.34 and a beta of 1.23. The company has a debt-to-equity ratio of 0.31, a quick ratio of 7.42 and a current ratio of 8.26.

NVIDIA Corporation (NASDAQ:NVDA) last announced its quarterly earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.39. NVIDIA Corporation had a net margin of 28.78% and a return on equity of 42.71%. The business had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter last year, the firm earned $0.94 EPS. The firm’s revenue for the quarter was up 31.5% compared to the same quarter last year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.28%. This is an increase from NVIDIA Corporation’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, November 22nd. NVIDIA Corporation’s dividend payout ratio is 14.00%.

In other news, CFO Colette Kress sold 22,808 shares of the company’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $185.31, for a total transaction of $4,226,550.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Byron sold 409 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $171.01, for a total transaction of $69,943.09. Following the transaction, the insider now directly owns 136,199 shares of the company’s stock, valued at $23,291,390.99. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 436,503 shares of company stock valued at $78,796,295. Insiders own 5.17% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in NVDA. Welch Investments LLC purchased a new position in shares of NVIDIA Corporation during the third quarter valued at about $104,000. Evercore Wealth Management LLC increased its position in shares of NVIDIA Corporation by 36.9% during the second quarter. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker’s stock valued at $110,000 after buying an additional 206 shares during the period. TB Alternative Assets Ltd. purchased a new position in shares of NVIDIA Corporation during the second quarter valued at about $116,000. Proficio Capital Partners LLC increased its position in shares of NVIDIA Corporation by 186.1% during the first quarter. Proficio Capital Partners LLC now owns 841 shares of the computer hardware maker’s stock valued at $117,000 after buying an additional 547 shares during the period. Finally, Thompson Davis & CO. Inc. increased its position in shares of NVIDIA Corporation by 0.7% during the second quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock valued at $119,000 after buying an additional 6 shares during the period. Institutional investors own 65.40% of the company’s stock.

About NVIDIA Corporation

Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at specialized markets, including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

Earnings History and Estimates for NVIDIA Corporation (NASDAQ:NVDA)

Receive News & Ratings for NVIDIA Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply