Nutanix Inc. (NTNX) Expected to Post Earnings of -$0.80 Per Share
Analysts forecast that Nutanix Inc. (NASDAQ:NTNX) will announce ($0.80) earnings per share (EPS) for the current fiscal quarter, according to Zacks. Six analysts have made estimates for Nutanix’s earnings. The company is expected to issue its next earnings report on Thursday, October 19th.
On average, analysts expect that Nutanix will report full-year earnings of ($3.28) per share for the current fiscal year. For the next fiscal year, analysts expect that the company will post earnings of ($3.01) per share. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Nutanix.
Nutanix (NASDAQ:NTNX) last announced its quarterly earnings results on Thursday, May 25th. The technology company reported ($0.77) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.45) by $0.32. Nutanix had a negative return on equity of 5,196.17% and a negative net margin of 61.32%. The firm had revenue of $191.76 million for the quarter, compared to analysts’ expectations of $186.56 million. Nutanix’s revenue was up 67.2% compared to the same quarter last year.
Several equities research analysts have commented on the stock. Pacific Crest restated an “overweight” rating and set a $30.00 target price on shares of Nutanix in a research report on Monday. Bank of America Corporation reissued a “buy” rating and issued a $27.00 target price on shares of Nutanix in a research note on Tuesday, May 30th. Credit Suisse Group reissued an “outperform” rating and issued a $38.00 target price on shares of Nutanix in a research note on Thursday, May 25th. William Blair reissued an “outperform” rating on shares of Nutanix in a research note on Tuesday, May 2nd. Finally, Maxim Group reaffirmed a “buy” rating and set a $41.00 price objective on shares of Nutanix in a research note on Saturday, June 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Nutanix presently has an average rating of “Buy” and an average target price of $32.01.
In other news, Director Jeffrey T. Parks sold 617,411 shares of the stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $20.23, for a total transaction of $12,490,224.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP David Sangster sold 27,000 shares of the stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $15.02, for a total value of $405,540.00. Following the transaction, the executive vice president now owns 116,000 shares of the company’s stock, valued at $1,742,320. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,268,915 shares of company stock valued at $43,129,229.
Several large investors have recently bought and sold shares of the stock. Oppenheimer & Co. Inc. purchased a new stake in Nutanix during the first quarter valued at about $211,000. Washington Capital Management Inc. purchased a new stake in Nutanix during the first quarter valued at about $225,000. IPG Investment Advisors LLC purchased a new stake in Nutanix during the first quarter valued at about $225,000. FNY Managed Accounts LLC purchased a new stake in Nutanix during the first quarter valued at about $244,000. Finally, Quantbot Technologies LP raised its stake in Nutanix by 66.5% in the first quarter. Quantbot Technologies LP now owns 14,202 shares of the technology company’s stock valued at $266,000 after buying an additional 5,673 shares in the last quarter. 18.39% of the stock is currently owned by institutional investors and hedge funds.
Shares of Nutanix (NTNX) opened at 18.69 on Friday. Nutanix has a one year low of $14.38 and a one year high of $46.78. The company’s 50-day moving average is $17.95 and its 200-day moving average is $22.68. The stock’s market capitalization is $2.83 billion.
Nutanix Company Profile
Nutanix, Inc is a United States-based company, which provides an enterprise cloud platform that converges silos of server, virtualization and storage into an integrated solution. The Company’s enterprise cloud platform connects to public cloud services. It has operations in the United States; Europe, the Middle East and Africa; Asia-Pacific, and Other Americas.
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