Equities analysts forecast that Vmware, Inc. (NYSE:VMW) will announce earnings per share (EPS) of $0.81 for the current fiscal quarter, Zacks reports. Nine analysts have provided estimates for Vmware’s earnings, with estimates ranging from $0.80 to $0.84. Vmware reported earnings of $0.69 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 17.4%. The firm is scheduled to announce 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 year, with EPS estimates ranging from $3.48 to $3.71. For the next year, analysts forecast that the firm will report earnings of $4.07 per share, with EPS estimates ranging from $3.92 to $4.36. Zacks’ earnings per share averages are a mean average based on a survey of analysts that cover Vmware.

Vmware (NYSE:VMW) last issued its quarterly earnings results on Thursday, June 1st. The virtualization software provider reported $0.99 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 during the quarter, compared to the consensus estimate of $1.71 billion. During the same period last year, the company earned $0.86 earnings per share. The company’s revenue for the quarter was up 9.3% on a year-over-year basis.

VMW has been the subject of several research analyst reports. Jefferies Group LLC restated a “buy” rating and issued a $110.00 price objective (up previously from $105.00) on shares of Vmware in a report on Saturday, June 3rd. MKM Partners reaffirmed a “buy” rating and set a $110.00 target price (up from $100.00) on shares of Vmware in a report on Thursday, June 1st. Morgan Stanley reissued an “overweight” rating and issued a $107.00 price objective (up from $100.00) on shares of Vmware in a research note on Saturday, June 3rd. Barclays PLC raised Vmware to a “hold” rating and set a $100.00 price objective for the company in a research note on Monday, June 5th. Finally, Drexel Hamilton reissued a “buy” rating and issued a $113.00 price objective (up from $105.00) on shares of Vmware in a research note on Monday, June 5th. Seventeen investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $97.81.

In other news, COO Rajiv Ramaswami sold 20,457 shares of the business’s stock in a transaction on Monday, July 10th. The shares were sold at an average price of $87.84, for a total transaction of $1,796,942.88. Following the completion of the transaction, the chief operating officer now directly owns 313,721 shares in the company, valued at approximately $27,557,252.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maurizio Carli sold 11,237 shares of the business’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $94.66, for a total transaction of $1,063,694.42. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. V Wealth Management LLC increased its stake in Vmware by 14.8% in the first quarter. V Wealth Management LLC now owns 15,700 shares of the virtualization software provider’s stock worth $1,446,000 after buying an additional 2,025 shares in the last quarter. Navellier & Associates Inc acquired a new stake in Vmware during the first quarter valued at $5,209,000. Boston Advisors LLC acquired a new stake in Vmware during the first quarter valued at $14,209,000. DnB Asset Management AS increased its stake in Vmware by 0.3% in the first quarter. DnB Asset Management AS now owns 717,959 shares of the virtualization software provider’s stock valued at $66,153,000 after buying an additional 2,200 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in Vmware during the first quarter valued at $304,000. Hedge funds and other institutional investors own 21.86% of the company’s stock.

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Shares of Vmware (VMW) opened at 93.42 on Tuesday. The firm has a 50-day moving average price of $89.78 and a 200-day moving average price of $90.77. Vmware has a 12-month low of $69.86 and a 12-month high of $98.00. The firm has a market cap of $38.15 billion, a P/E ratio of 33.63 and a beta of 0.77.

About Vmware

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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