Analysts expect that NVIDIA Corporation (NASDAQ:NVDA) will announce sales of $2.36 billion for the current fiscal quarter, according to Zacks Investment Research. Ten analysts have provided estimates for NVIDIA Corporation’s earnings, with the lowest sales estimate coming in at $2.35 billion and the highest estimate coming in at $2.41 billion. NVIDIA Corporation reported sales of $2.00 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 18%. The business is expected to report its next quarterly earnings report on Thursday, November 9th.

On average, analysts expect that NVIDIA Corporation will report full year sales of $2.36 billion for the current financial year, with estimates ranging from $8.32 billion to $9.12 billion. For the next year, analysts expect that the business will report sales of $10.03 billion per share, with estimates ranging from $9.05 billion to $10.66 billion. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for NVIDIA Corporation.

NVIDIA Corporation (NASDAQ:NVDA) last announced its earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.32. The firm had revenue of $2.23 billion during the quarter, compared to analyst estimates of $1.96 billion. NVIDIA Corporation had a net margin of 27.41% and a return on equity of 39.59%. NVIDIA Corporation’s revenue was up 56.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.53 EPS.

A number of research analysts recently issued reports on NVDA shares. B. Riley reaffirmed a “buy” rating and issued a $135.00 price target on shares of NVIDIA Corporation in a report on Monday, May 8th. Citigroup Inc. reaffirmed a “buy” rating and issued a $145.00 price target on shares of NVIDIA Corporation in a report on Wednesday, May 10th. UBS AG reaffirmed a “buy” rating and issued a $132.00 price target on shares of NVIDIA Corporation in a report on Wednesday, May 10th. Canaccord Genuity reaffirmed a “buy” rating and issued a $155.00 price target (up from $125.00) on shares of NVIDIA Corporation in a report on Wednesday, May 10th. Finally, Mizuho reaffirmed a “buy” rating and issued a $130.00 price target on shares of NVIDIA Corporation in a report on Wednesday, May 10th. Six equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $144.98.

NVIDIA Corporation (NASDAQ NVDA) opened at 169.44 on Friday. The company has a market cap of $101.66 billion, a price-to-earnings ratio of 48.73 and a beta of 1.24. The company has a 50-day moving average of $165.19 and a 200-day moving average of $132.53. NVIDIA Corporation has a 12 month low of $57.31 and a 12 month high of $174.56.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Thursday, August 24th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date of this dividend is Tuesday, August 22nd. NVIDIA Corporation’s dividend payout ratio is currently 15.86%.

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In other news, Director Tench Coxe sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $164.53, for a total transaction of $8,226,500.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mark L. Perry sold 16,281 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $162.24, for a total value of $2,641,429.44. Following the sale, the director now owns 48,069 shares in the company, valued at approximately $7,798,714.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 411,801 shares of company stock worth $64,525,721. Company insiders own 5.82% of the company’s stock.

Several large investors have recently made changes to their positions in NVDA. Thompson Davis & CO. Inc. boosted its stake in shares of NVIDIA Corporation by 0.7% in the second quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock worth $119,000 after buying an additional 6 shares in the last quarter. Arete Wealth Advisors LLC boosted its stake in shares of NVIDIA Corporation by 0.3% in the first quarter. Arete Wealth Advisors LLC now owns 2,884 shares of the computer hardware maker’s stock worth $314,000 after buying an additional 10 shares in the last quarter. Family Firm Inc. boosted its stake in shares of NVIDIA Corporation by 0.7% in the second quarter. Family Firm Inc. now owns 1,968 shares of the computer hardware maker’s stock worth $284,000 after buying an additional 13 shares in the last quarter. Appleton Partners Inc. MA boosted its stake in shares of NVIDIA Corporation by 1.2% in the second quarter. Appleton Partners Inc. MA now owns 2,570 shares of the computer hardware maker’s stock worth $372,000 after buying an additional 30 shares in the last quarter. Finally, Carnegie Capital Asset Management LLC boosted its stake in shares of NVIDIA Corporation by 0.4% in the second quarter. Carnegie Capital Asset Management LLC now owns 7,371 shares of the computer hardware maker’s stock worth $1,212,000 after buying an additional 30 shares in the last quarter. Institutional investors own 66.41% of the company’s stock.

NVIDIA Corporation Company Profile

Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at specialized markets, including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

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Earnings History and Estimates for NVIDIA Corporation (NASDAQ:NVDA)

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