Wall Street analysts expect that Vmware, Inc. (NYSE:VMW) will announce $1.96 billion in sales for the current fiscal quarter, according to Zacks. Ten analysts have provided estimates for Vmware’s earnings. The highest sales estimate is $1.98 billion and the lowest is $1.95 billion. The business is expected to announce its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Vmware will report full year sales of $1.96 billion for the current financial year, with estimates ranging from $7.82 billion to $7.84 billion. For the next financial year, analysts expect that the company will report sales of $8.42 billion per share, with estimates ranging from $8.22 billion to $8.75 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Vmware.

Vmware (NYSE:VMW) last announced its quarterly earnings data on Thursday, August 24th. The virtualization software provider reported $1.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.04. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.89 billion. Vmware had a net margin of 17.81% and a return on equity of 18.06%. The company’s revenue was up 12.2% on a year-over-year basis. During the same period last year, the business earned $0.97 EPS.

Several analysts recently issued reports on VMW shares. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $113.00 price target on shares of Vmware in a report on Tuesday, August 15th. Deutsche Bank AG raised shares of Vmware from a “hold” rating to a “buy” rating and upped their price target for the company from $110.00 to $120.00 in a report on Tuesday, August 22nd. BidaskClub raised shares of Vmware from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Zacks Investment Research raised shares of Vmware from a “hold” rating to a “buy” rating and set a $99.00 price target on the stock in a report on Thursday, July 13th. Finally, Robert W. Baird set a $115.00 price target on shares of Vmware and gave the company a “buy” rating in a report on Monday, August 14th. Fifteen research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Vmware presently has a consensus rating of “Buy” and an average price target of $112.28.

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Vmware (NYSE:VMW) opened at 118.34 on Monday. The company has a 50 day moving average of $110.69 and a 200-day moving average of $97.41. Vmware has a 52-week low of $72.65 and a 52-week high of $118.73. The stock has a market capitalization of $48.39 billion, a P/E ratio of 42.60 and a beta of 0.72.

Vmware declared that its Board of Directors has approved a stock repurchase plan on Monday, August 14th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the virtualization software provider to reacquire up to 2.5% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

In other news, COO Sanjay Poonen sold 1,134 shares of the firm’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $106.51, for a total value of $120,782.34. Following the sale, the chief operating officer now owns 192,774 shares in the company, valued at $20,532,358.74. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Zane Rowe sold 6,000 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $107.82, for a total transaction of $646,920.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,885 shares of company stock worth $2,248,548. Corporate insiders own 0.52% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. grew its stake in shares of Vmware by 4,817.7% in the first quarter. BlackRock Inc. now owns 5,098,863 shares of the virtualization software provider’s stock worth $469,811,000 after acquiring an additional 4,995,179 shares during the last quarter. Vanguard Group Inc. lifted its position in Vmware by 9.9% in the first quarter. Vanguard Group Inc. now owns 3,930,665 shares of the virtualization software provider’s stock worth $362,171,000 after purchasing an additional 352,516 shares during the period. Investec Asset Management LTD lifted its position in Vmware by 3.0% in the second quarter. Investec Asset Management LTD now owns 2,669,142 shares of the virtualization software provider’s stock worth $233,363,000 after purchasing an additional 78,558 shares during the period. Voya Investment Management LLC lifted its position in Vmware by 25.7% in the second quarter. Voya Investment Management LLC now owns 2,633,434 shares of the virtualization software provider’s stock worth $230,241,000 after purchasing an additional 538,393 shares during the period. Finally, Clearbridge Investments LLC lifted its position in Vmware by 10.6% in the first quarter. Clearbridge Investments LLC now owns 2,556,102 shares of the virtualization software provider’s stock worth $235,519,000 after purchasing an additional 244,512 shares during the period. Institutional investors and hedge funds own 21.80% of the company’s stock.

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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Earnings History and Estimates for Vmware (NYSE:VMW)

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