Tableau Software, Inc. (DATA) Expected to Announce Quarterly Sales of $218.88 Million
Equities research analysts predict that Tableau Software, Inc. (NYSE:DATA) will post sales of $218.88 million for the current fiscal quarter, Zacks reports. Eight analysts have issued estimates for Tableau Software’s earnings, with estimates ranging from $215.65 million to $220.60 million. Tableau Software posted sales of $206.06 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.2%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, November 7th.
On average, analysts expect that Tableau Software will report full year sales of $218.88 million for the current year, with estimates ranging from $870.50 million to $885.60 million. For the next year, analysts anticipate that the business will post sales of $935.72 million per share, with estimates ranging from $849.20 million to $1.00 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Tableau Software.
Tableau Software (NYSE:DATA) last issued its quarterly earnings results on Wednesday, August 2nd. The software company reported $0.10 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.15. Tableau Software had a negative net margin of 17.08% and a negative return on equity of 18.67%. The company had revenue of $212.90 million during the quarter, compared to analysts’ expectations of $210.72 million. The company’s quarterly revenue was up 7.3% on a year-over-year basis.
A number of research analysts recently issued reports on DATA shares. Stifel Nicolaus reiterated a “buy” rating and issued a $75.00 price objective on shares of Tableau Software in a report on Thursday, May 4th. BTIG Research started coverage on shares of Tableau Software in a report on Monday, April 17th. They issued a “buy” rating and a $65.00 price objective for the company. UBS AG reiterated a “buy” rating and issued a $68.00 price objective (up previously from $60.00) on shares of Tableau Software in a report on Thursday, May 25th. Bank of America Corporation raised their price objective on shares of Tableau Software from $72.00 to $76.00 and gave the company a “buy” rating in a report on Tuesday, May 30th. Finally, Goldman Sachs Group Inc upgraded shares of Tableau Software from a “neutral” rating to a “buy” rating and raised their price objective for the company from $59.00 to $78.00 in a report on Tuesday, June 13th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $64.52.
In related news, Director William Bosworth sold 500 shares of Tableau Software stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $61.96, for a total value of $30,980.00. Following the completion of the sale, the director now owns 9,549 shares of the company’s stock, valued at approximately $591,656.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Elissa Fink sold 5,000 shares of Tableau Software stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $60.17, for a total transaction of $300,850.00. Following the completion of the sale, the insider now directly owns 75,642 shares of the company’s stock, valued at approximately $4,551,379.14. The disclosure for this sale can be found here. In the last three months, insiders sold 316,025 shares of company stock valued at $19,696,668. 28.98% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in Tableau Software by 35,180.2% in the first quarter. BlackRock Inc. now owns 2,452,329 shares of the software company’s stock valued at $121,514,000 after buying an additional 2,445,378 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Tableau Software by 131.7% in the first quarter. Renaissance Technologies LLC now owns 1,703,500 shares of the software company’s stock valued at $84,408,000 after buying an additional 968,400 shares during the period. Champlain Investment Partners LLC boosted its position in shares of Tableau Software by 10.5% in the first quarter. Champlain Investment Partners LLC now owns 1,275,155 shares of the software company’s stock valued at $63,184,000 after buying an additional 121,255 shares during the period. FIL Ltd boosted its position in shares of Tableau Software by 61.6% in the first quarter. FIL Ltd now owns 1,243,297 shares of the software company’s stock valued at $61,605,000 after buying an additional 474,009 shares during the period. Finally, American Century Companies Inc. bought a new position in shares of Tableau Software during the first quarter valued at $38,858,000. 76.38% of the stock is owned by institutional investors and hedge funds.
Shares of Tableau Software (DATA) opened at 71.31 on Monday. Tableau Software has a 12 month low of $41.41 and a 12 month high of $71.53. The firm’s market cap is $5.60 billion. The stock’s 50 day moving average is $63.64 and its 200 day moving average is $56.16.
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About Tableau Software
Tableau Software, Inc (Tableau) offers software products. The Company’s products are used by people of diverse skill levels across all kinds of organizations. The Company’s products are used by people of skill levels across all kinds of organizations. Its technologies include visual query language (VizQL) and Hybrid Data Architecture.
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