Analysts predict that VMware, Inc. (NYSE:VMW) will announce earnings per share (EPS) of $1.43 for the current quarter, Zacks reports. Ten analysts have made estimates for VMware's earnings. The lowest EPS estimate is $1.42 and the highest is $1.48. VMware reported earnings of $1.49 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 4%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, November 24th.
According to Zacks, analysts expect that VMware will report full-year earnings of $6.64 per share for the current fiscal year, with EPS estimates ranging from $6.62 to $6.72. For the next year, analysts forecast that the company will post earnings of $7.23 per share, with EPS estimates ranging from $7.00 to $7.52. Zacks' earnings per share averages are a mean average based on a survey of research firms that follow VMware.
VMware (NYSE:VMW) last issued its quarterly earnings results on Thursday, August 27th. The virtualization software provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.45 by $0.36. The company had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.80 billion. VMware had a return on equity of 27.92% and a net margin of 15.94%. VMware's revenue for the quarter was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.60 earnings per share.
VMW has been the topic of several research analyst reports. Stifel Nicolaus upgraded shares of VMware from a "hold" rating to a "buy" rating and lifted their target price for the company from $166.00 to $196.00 in a research report on Tuesday, June 23rd. Northland Securities assumed coverage on shares of VMware in a research note on Thursday, September 3rd. They issued an "outperform" rating and a $169.00 price target on the stock. Barclays cut their price objective on VMware from $175.00 to $172.00 and set an "overweight" rating for the company in a research note on Friday, August 28th. Citigroup raised their target price on VMware from $193.00 to $200.00 and gave the company a "buy" rating in a research report on Friday, August 28th. Finally, Credit Suisse Group reiterated a "hold" rating on shares of VMware in a research report on Friday, August 28th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the stock. The stock presently has an average rating of "Buy" and a consensus target price of $167.17.
Shares of NYSE:VMW opened at $145.74 on Wednesday. The business's 50 day moving average price is $140.80 and its 200-day moving average price is $136.56. VMware has a 1 year low of $86.00 and a 1 year high of $173.37. The firm has a market capitalization of $61.23 billion, a price-to-earnings ratio of 34.37, a price-to-earnings-growth ratio of 2.40 and a beta of 0.67. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.88 and a quick ratio of 0.88.
In related news, VP Amy Fliegelman Olli sold 1,348 shares of the firm's stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $142.30, for a total value of $191,820.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Jean Pierre Brulard sold 676 shares of VMware stock in a transaction that occurred on Friday, July 17th. The stock was sold at an average price of $140.65, for a total transaction of $95,079.40. Following the completion of the transaction, the executive vice president now owns 43,963 shares of the company's stock, valued at approximately $6,183,395.95. The disclosure for this sale can be found here. Over the last quarter, insiders sold 88,772 shares of company stock worth $12,481,442. Insiders own 28.50% of the company's stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Ninety One UK Ltd purchased a new position in shares of VMware in the 2nd quarter valued at about $296,294,000. Nordea Investment Management AB increased its stake in VMware by 170.1% in the second quarter. Nordea Investment Management AB now owns 2,288,184 shares of the virtualization software provider's stock valued at $346,270,000 after purchasing an additional 1,440,981 shares during the last quarter. Swedbank raised its holdings in VMware by 69.4% during the first quarter. Swedbank now owns 2,362,234 shares of the virtualization software provider's stock worth $286,067,000 after purchasing an additional 968,090 shares in the last quarter. Alliancebernstein L.P. raised its holdings in VMware by 84.4% during the first quarter. Alliancebernstein L.P. now owns 1,405,694 shares of the virtualization software provider's stock worth $170,230,000 after purchasing an additional 643,308 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd purchased a new stake in shares of VMware during the 2nd quarter worth approximately $91,781,000. Institutional investors and hedge funds own 18.54% of the company's stock.
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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