Equities research analysts expect NVIDIA Corporation (NASDAQ:NVDA) to announce earnings of $1.12 per share for the current quarter, according to Zacks Investment Research. Nine analysts have made estimates for NVIDIA Corporation’s earnings. The lowest EPS estimate is $1.00 and the highest is $1.22. NVIDIA Corporation posted earnings of $0.99 per share during the same quarter last year, which would indicate a positive year over year growth rate of 13.1%. The company is scheduled to issue its next quarterly earnings report on Thursday, February 8th.

On average, analysts expect that NVIDIA Corporation will report full-year earnings of $4.13 per share for the current fiscal year, with EPS estimates ranging from $3.62 to $4.30. For the next year, analysts forecast that the business will report earnings of $4.56 per share, with EPS estimates ranging from $3.88 to $5.00. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow NVIDIA Corporation.

NVIDIA Corporation (NASDAQ:NVDA) last issued its earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.39. The firm had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.36 billion. NVIDIA Corporation had a net margin of 28.78% and a return on equity of 42.71%. The firm’s revenue for the quarter was up 31.5% compared to the same quarter last year. During the same period last year, the firm posted $0.94 earnings per share.

A number of research firms have issued reports on NVDA. B. Riley reiterated a “buy” rating and issued a $200.00 target price (up previously from $135.00) on shares of NVIDIA Corporation in a research report on Monday, August 7th. Stifel Nicolaus reaffirmed a “hold” rating and set a $110.00 price objective on shares of NVIDIA Corporation in a report on Friday, August 11th. MKM Partners reaffirmed a “neutral” rating and set a $120.00 price objective (up from $106.00) on shares of NVIDIA Corporation in a report on Monday, August 14th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $140.00 price objective on shares of NVIDIA Corporation in a report on Wednesday, August 16th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of NVIDIA Corporation in a report on Saturday, September 23rd. Four equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. NVIDIA Corporation presently has a consensus rating of “Buy” and a consensus price target of $185.93.

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In other news, insider Jen Hsun Huang sold 110,000 shares of the company’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $166.08, for a total transaction of $18,268,800.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Dawn E. Hudson sold 15,000 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $213.44, for a total value of $3,201,600.00. Following the transaction, the director now directly owns 46,868 shares in the company, valued at $10,003,505.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 451,503 shares of company stock valued at $81,997,895. 5.17% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Welch Investments LLC bought a new stake in shares of NVIDIA Corporation during the 3rd quarter worth approximately $104,000. Evercore Wealth Management LLC raised its position in NVIDIA Corporation by 36.9% during the 2nd quarter. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker’s stock valued at $110,000 after purchasing an additional 206 shares in the last quarter. TB Alternative Assets Ltd. purchased a new position in shares of NVIDIA Corporation in the 2nd quarter valued at $116,000. Thompson Davis & CO. Inc. grew its stake in NVIDIA Corporation by 0.7% during the 2nd 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 during the last quarter. Finally, Edge Advisors LLC lifted its holdings in shares of NVIDIA Corporation by 98.8% in the 3rd quarter. Edge Advisors LLC now owns 835 shares of the computer hardware maker’s stock valued at $149,000 after buying an additional 415 shares during the period. Institutional investors and hedge funds own 65.40% of the company’s stock.

Shares of NVIDIA Corporation (NVDA) traded up $1.55 during trading hours on Wednesday, hitting $214.18. 13,232,300 shares of the company traded hands, compared to its average volume of 17,738,049. The company has a current ratio of 8.26, a quick ratio of 7.42 and a debt-to-equity ratio of 0.31. The stock has a market cap of $128,510.00, a P/E ratio of 52.37, a PEG ratio of 4.74 and a beta of 1.23. NVIDIA Corporation has a fifty-two week low of $83.93 and a fifty-two week high of $218.67.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be given a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.60 annualized dividend and a yield of 0.28%. This is an increase from NVIDIA Corporation’s previous quarterly dividend of $0.14. NVIDIA Corporation’s payout ratio is presently 14.00%.

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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