Equities research analysts predict that Vmware, Inc. (NYSE:VMW) will post earnings of $0.81 per share for the current quarter, Zacks reports. Nine analysts have issued estimates for Vmware’s earnings. The lowest EPS estimate is $0.80 and the highest is $0.84. Vmware reported earnings of $0.69 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 17.4%. The business is scheduled to issue its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Vmware will report full-year earnings of $3.60 per share for the current financial year, with EPS estimates ranging from $3.48 to $3.71. For the next year, analysts forecast that the firm will post earnings of $4.07 per share, with EPS estimates ranging from $3.92 to $4.36. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Vmware.

Vmware (NYSE:VMW) last issued its quarterly earnings results on Thursday, June 1st. The virtualization software provider reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.04. Vmware had a return on equity of 17.19% and a net margin of 17.36%. The firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the previous year, the firm posted $0.86 EPS. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year.

VMW has been the subject of several research reports. Jefferies Group LLC reiterated a “buy” rating and set a $110.00 price objective (up from $105.00) on shares of Vmware in a research note on Saturday, June 3rd. MKM Partners restated a “buy” rating and set a $110.00 target price (up from $100.00) on shares of Vmware in a research report on Thursday, June 1st. Morgan Stanley restated an “overweight” rating and set a $107.00 target price (up from $100.00) on shares of Vmware in a research report on Saturday, June 3rd. Barclays PLC upgraded shares of Vmware to a “hold” rating and set a $100.00 target price for the company in a research report on Monday, June 5th. Finally, Drexel Hamilton reaffirmed a “buy” rating and issued a $113.00 price objective (up previously from $105.00) on shares of Vmware in a report on Monday, June 5th. Eighteen analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $95.36.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another site, it was illegally copied and republished in violation of U.S. & international copyright and trademark laws. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/07/19/vmware-inc-nysevmw-expected-to-post-earnings-of-0-81-per-share.html.

In related news, EVP Maurizio Carli sold 11,237 shares of the stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $94.66, for a total value of $1,063,694.42. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Egon Durban sold 666,354 shares of the stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $89.14, for a total value of $59,398,795.56. The disclosure for this sale can be found here. Insiders sold 698,048 shares of company stock worth $62,259,433 in the last 90 days. 0.52% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the company. Boston Advisors LLC bought a new stake in shares of Vmware during the first quarter worth about $14,209,000. Wells Fargo & Company MN boosted its stake in shares of Vmware by 163.9% in the first quarter. Wells Fargo & Company MN now owns 1,612,242 shares of the virtualization software provider’s stock worth $148,552,000 after buying an additional 1,001,289 shares during the last quarter. FMR LLC boosted its stake in shares of Vmware by 215.5% in the fourth quarter. FMR LLC now owns 536,973 shares of the virtualization software provider’s stock worth $42,276,000 after buying an additional 366,750 shares during the last quarter. Guggenheim Capital LLC boosted its stake in shares of Vmware by 202.3% in the fourth quarter. Guggenheim Capital LLC now owns 48,708 shares of the virtualization software provider’s stock worth $3,835,000 after buying an additional 32,597 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of Vmware by 34.1% in the first quarter. Ameriprise Financial Inc. now owns 103,084 shares of the virtualization software provider’s stock worth $9,495,000 after buying an additional 26,199 shares during the last quarter. 21.86% of the stock is owned by hedge funds and other institutional investors.

Shares of Vmware (VMW) opened at 91.01 on Wednesday. The company has a market capitalization of $37.17 billion, a PE ratio of 32.76 and a beta of 0.76. The stock has a 50 day moving average price of $89.93 and a 200-day moving average price of $89.99. Vmware has a 12 month low of $68.33 and a 12 month high of $98.00.

Vmware Company Profile

VMware, Inc is an information technology (IT) company. The Company is engaged in development and application of virtualization technologies with x86 server-based computing, separating application software from the underlying hardware. The Company offers various products, which allow organizations to manage IT resources across private clouds and multi-cloud, multi-device environments by leveraging synergies across three product categories: Software-Defined Data Center (SDDC), Hybrid Cloud Computing and End-User Computing (EUC).

Get a free copy of the Zacks research report on Vmware (VMW)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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