Vmware, Inc. (NYSE:VMW) Expected to Post Earnings of $0.81 Per Share
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.
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).
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