Equities analysts predict that NVIDIA Co. (NASDAQ:NVDA) will report $7.42 billion in sales for the current fiscal quarter, according to Zacks. Nine analysts have issued estimates for NVIDIA's earnings. The highest sales estimate is $7.55 billion and the lowest is $7.40 billion. NVIDIA posted sales of $5.00 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 48.4%. The business is expected to announce its next quarterly earnings report on Wednesday, February 23rd.
On average, analysts expect that NVIDIA will report full year sales of $26.69 billion for the current fiscal year, with estimates ranging from $26.67 billion to $26.82 billion. For the next year, analysts expect that the company will post sales of $31.41 billion, with estimates ranging from $28.66 billion to $33.03 billion. Zacks Investment Research's sales averages are a mean average based on a survey of sell-side research firms that cover NVIDIA.
NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, November 17th. The computer hardware maker reported $1.17 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.11 by $0.06. NVIDIA had a return on equity of 41.79% and a net margin of 33.81%. The business had revenue of $7.10 billion for the quarter, compared to the consensus estimate of $6.83 billion. During the same period last year, the business posted $0.60 EPS.
Several equities analysts have recently issued reports on the company. KeyCorp boosted their price objective on NVIDIA from $260.00 to $350.00 and gave the company an "overweight" rating in a report on Thursday, November 18th. BMO Capital Markets upped their price target on NVIDIA from $250.00 to $375.00 in a report on Monday, November 22nd. Truist reduced their target price on NVIDIA from $389.00 to $350.00 and set a "buy" rating for the company in a report on Thursday, January 6th. Tigress Financial restated a "buy" rating and issued a $400.00 price target (up from $230.00) on shares of NVIDIA in a research report on Thursday, December 2nd. Finally, Truist Securities dropped their price target on NVIDIA from $389.00 to $350.00 and set a "buy" rating for the company in a research report on Thursday, January 6th. Three investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, NVIDIA currently has an average rating of "Buy" and an average target price of $326.63.
In other news, CEO Jen Hsun Huang sold 440,000 shares of the firm's stock in a transaction that occurred on Monday, January 3rd. The shares were sold at an average price of $302.17, for a total transaction of $132,954,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Persis Drell sold 10,000 shares of NVIDIA stock in a transaction on Friday, November 19th. The shares were sold at an average price of $326.65, for a total transaction of $3,266,500.00. The disclosure for this sale can be found here. Insiders sold 990,012 shares of company stock worth $312,681,810 over the last 90 days. 4.23% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Patton Albertson Miller Group LLC grew its stake in shares of NVIDIA by 276.7% in the third quarter. Patton Albertson Miller Group LLC now owns 39,351 shares of the computer hardware maker's stock worth $8,152,000 after acquiring an additional 28,905 shares during the last quarter. Bbva USA lifted its holdings in NVIDIA by 282.2% in the third quarter. Bbva USA now owns 104,204 shares of the computer hardware maker's stock valued at $21,587,000 after acquiring an additional 76,940 shares during the period. Hartline Investment Corp lifted its holdings in NVIDIA by 295.0% in the third quarter. Hartline Investment Corp now owns 243,631 shares of the computer hardware maker's stock valued at $50,471,000 after acquiring an additional 181,955 shares during the period. Valeo Financial Advisors LLC raised its stake in shares of NVIDIA by 396.2% in the third quarter. Valeo Financial Advisors LLC now owns 19,540 shares of the computer hardware maker's stock worth $4,048,000 after buying an additional 15,602 shares during the period. Finally, Engine NO. 1 LLC bought a new position in shares of NVIDIA in the second quarter worth about $1,587,000. 19.24% of the stock is owned by institutional investors.
NVIDIA stock opened at $278.17 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 6.53 and a current ratio of 7.14. The business's 50-day simple moving average is $300.59 and its two-hundred day simple moving average is $242.56. The company has a market cap of $695.43 billion, a PE ratio of 85.72, a PEG ratio of 4.24 and a beta of 1.32. NVIDIA has a fifty-two week low of $115.67 and a fifty-two week high of $346.47.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 23rd. Shareholders of record on Thursday, December 2nd were issued a $0.04 dividend. The ex-dividend date was Wednesday, December 1st. This represents a $0.16 annualized dividend and a dividend yield of 0.06%. NVIDIA's dividend payout ratio is currently 4.93%.
NVIDIA Company Profile
NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other. The GPU segment comprises of product brands, which aims 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.
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