Analysts expect that VMware, Inc. (NYSE:VMW) will post earnings of $1.02 per share for the current quarter, according to Zacks. Eight analysts have provided estimates for VMware’s earnings. The lowest EPS estimate is $0.97 and the highest is $1.13. VMware reported earnings of $1.21 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 15.7%. The business is scheduled to issue its next earnings report on Thursday, December 5th.
On average, analysts expect that VMware will report full-year earnings of $4.86 per share for the current fiscal year, with EPS estimates ranging from $4.80 to $4.96. For the next fiscal year, analysts anticipate that the firm will report earnings of $5.49 per share, with EPS estimates ranging from $5.28 to $5.76. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for VMware.
VMware (NYSE:VMW) last posted its quarterly earnings data on Thursday, August 22nd. The virtualization software provider reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.45. VMware had a net margin of 66.00% and a return on equity of 47.55%. The firm had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.43 billion. During the same period last year, the firm posted $1.54 EPS. VMware’s quarterly revenue was up 12.2% on a year-over-year basis.
A number of equities analysts recently weighed in on VMW shares. Deutsche Bank lowered their price objective on shares of VMware from $220.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, August 19th. Zacks Investment Research cut VMware from a “hold” rating to a “sell” rating and set a $178.00 target price for the company. in a research note on Wednesday, June 5th. Bank of America decreased their target price on VMware from $225.00 to $190.00 and set a “buy” rating for the company in a research note on Friday, August 23rd. Morgan Stanley decreased their target price on VMware from $190.00 to $188.00 and set an “equal weight” rating for the company in a research note on Monday, August 26th. Finally, TheStreet raised VMware from a “d+” rating to a “b-” rating in a research note on Friday, August 23rd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $175.09.
In related news, CAO P. Kevan Krysler sold 1,589 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $145.00, for a total value of $230,405.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Rangarajan (Raghu) Raghuram sold 24,778 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $140.62, for a total value of $3,484,282.36. The disclosure for this sale can be found here. Insiders sold a total of 69,120 shares of company stock valued at $10,678,437 in the last quarter. 28.80% of the stock is currently owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in VMW. Price T Rowe Associates Inc. MD raised its position in VMware by 2.7% in the second quarter. Price T Rowe Associates Inc. MD now owns 15,779,762 shares of the virtualization software provider’s stock worth $2,638,534,000 after acquiring an additional 414,814 shares during the period. BlackRock Inc. raised its position in VMware by 7.7% in the 2nd quarter. BlackRock Inc. now owns 4,444,800 shares of the virtualization software provider’s stock valued at $743,215,000 after purchasing an additional 319,201 shares during the last quarter. Nuveen Asset Management LLC raised its position in VMware by 125.0% in the 2nd quarter. Nuveen Asset Management LLC now owns 498,964 shares of the virtualization software provider’s stock valued at $83,431,000 after purchasing an additional 277,251 shares during the last quarter. Marshall Wace North America L.P. raised its position in VMware by 335.0% in the 1st quarter. Marshall Wace North America L.P. now owns 344,864 shares of the virtualization software provider’s stock valued at $62,251,000 after purchasing an additional 265,586 shares during the last quarter. Finally, Janus Henderson Group PLC raised its position in VMware by 305.4% in the 2nd quarter. Janus Henderson Group PLC now owns 326,502 shares of the virtualization software provider’s stock valued at $54,594,000 after purchasing an additional 245,968 shares during the last quarter. Institutional investors and hedge funds own 17.49% of the company’s stock.
NYSE:VMW traded down $0.62 during midday trading on Friday, reaching $153.42. The stock had a trading volume of 22,239 shares, compared to its average volume of 2,299,117. The firm has a fifty day simple moving average of $152.93 and a two-hundred day simple moving average of $175.07. VMware has a 12-month low of $128.69 and a 12-month high of $206.80. The company has a quick ratio of 0.97, a current ratio of 0.96 and a debt-to-equity ratio of 0.93. The stock has a market cap of $63.03 billion, a P/E ratio of 31.13, a P/E/G ratio of 2.39 and a beta of 0.89.
VMware Company Profile
VMware, Inc provides software in the areas of hybrid cloud, multi-cloud, modern applications, networking and security, and digital workspaces in the United States and internationally. The company offers compute products, including VMware vSphere, a data center platform, which enables users to deploy hypervisor, a layer of software that resides between the operating system and system hardware to enable compute virtualization; and cloud management products for businesses with automated operation, programmable provisioning, and application monitoring solutions.
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