Brokerages Anticipate Nutanix Inc. (NTNX) to Post -$0.26 Earnings Per Share
Analysts predict that Nutanix Inc. (NASDAQ:NTNX) will post ($0.26) earnings per share (EPS) for the current quarter, Zacks reports. Seven analysts have made estimates for Nutanix’s earnings. The lowest EPS estimate is ($0.27) and the highest is ($0.23). Nutanix reported earnings per share of ($0.37) during the same quarter last year, which suggests a positive year-over-year growth rate of 29.7%. The company is expected to issue its next quarterly earnings results on Tuesday, December 5th.
According to Zacks, analysts expect that Nutanix will report full-year earnings of ($0.95) per share for the current year, with EPS estimates ranging from ($1.05) to ($0.80). For the next financial year, analysts forecast that the business will post earnings of ($0.56) per share, with EPS estimates ranging from ($1.04) to ($0.19). Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Nutanix.
Nutanix (NASDAQ:NTNX) last announced its quarterly earnings data on Thursday, August 31st. The technology company reported ($0.33) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.38) by $0.05. Nutanix had a negative net margin of 59.72% and a negative return on equity of 295.56%. The company had revenue of $226.10 million during the quarter, compared to analysts’ expectations of $216.00 million. The business’s revenue for the quarter was up 61.7% compared to the same quarter last year.
NTNX has been the topic of several research reports. Vetr cut shares of Nutanix from a “strong-buy” rating to a “buy” rating and set a $27.22 price target on the stock. in a research report on Tuesday. BTIG Research restated a “hold” rating and issued a $22.00 price target on shares of Nutanix in a research report on Friday, September 1st. Zacks Investment Research upgraded shares of Nutanix from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Friday, September 8th. JMP Securities restated an “outperform” rating and issued a $35.00 price target on shares of Nutanix in a research report on Sunday, September 3rd. Finally, Credit Suisse Group restated a “buy” rating and issued a $38.00 price target on shares of Nutanix in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. Nutanix currently has an average rating of “Buy” and an average price target of $30.28.
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In other news, insider Sunil Potti sold 10,000 shares of the business’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $22.57, for a total transaction of $225,700.00. Following the completion of the sale, the insider now directly owns 131,382 shares of the company’s stock, valued at $2,965,291.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Sudheesh Nair Vadakkedath sold 75,000 shares of the business’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $21.88, for a total transaction of $1,641,000.00. Following the sale, the president now directly owns 110,519 shares of the company’s stock, valued at $2,418,155.72. The disclosure for this sale can be found here. Insiders have sold 506,891 shares of company stock valued at $11,443,839 over the last three months.
Several institutional investors and hedge funds have recently modified their holdings of NTNX. FMR LLC boosted its stake in shares of Nutanix by 320.6% during the second quarter. FMR LLC now owns 12,043,981 shares of the technology company’s stock valued at $242,686,000 after purchasing an additional 9,180,123 shares during the period. Franklin Resources Inc. purchased a new stake in shares of Nutanix during the second quarter valued at $55,063,000. Raging Capital Management LLC purchased a new stake in shares of Nutanix during the first quarter valued at $27,315,000. Vanguard Group Inc. boosted its stake in shares of Nutanix by 65.5% during the first quarter. Vanguard Group Inc. now owns 3,275,441 shares of the technology company’s stock valued at $61,480,000 after purchasing an additional 1,295,813 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Nutanix by 3,462.4% during the second quarter. Goldman Sachs Group Inc. now owns 734,886 shares of the technology company’s stock valued at $14,808,000 after purchasing an additional 714,257 shares during the period. 31.48% of the stock is owned by hedge funds and other institutional investors.
Nutanix, Inc is a United States-based company, which provides an enterprise cloud platform that converges silos of server, virtualization and storage into an integrated solution. The Company’s enterprise cloud platform connects to public cloud services. It has operations in the United States; Europe, the Middle East and Africa; Asia-Pacific, and Other Americas.
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