Zacks: Brokerages Expect NVIDIA Corporation (NVDA) Will Post Quarterly Sales of $2.66 Billion
Equities research analysts expect that NVIDIA Corporation (NASDAQ:NVDA) will report $2.66 billion in sales for the current quarter, according to Zacks. Ten analysts have provided estimates for NVIDIA’s earnings. The lowest sales estimate is $2.65 billion and the highest is $2.70 billion. NVIDIA reported sales of $2.17 billion in the same quarter last year, which would suggest a positive year over year growth rate of 22.6%. The business is scheduled to issue its next earnings results on Thursday, February 8th.
On average, analysts expect that NVIDIA will report full-year sales of $2.66 billion for the current fiscal year, with estimates ranging from $9.45 billion to $9.52 billion. For the next financial year, analysts anticipate that the firm will report sales of $10.98 billion per share, with estimates ranging from $10.30 billion to $11.62 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that cover NVIDIA.
NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.39. The company had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.36 billion. NVIDIA had a return on equity of 42.71% and a net margin of 28.78%. The firm’s revenue was up 31.5% compared to the same quarter last year. During the same period last year, the company earned $0.94 earnings per share.
In other NVIDIA news, EVP Debora Shoquist sold 33,498 shares of the company’s stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $189.24, for a total value of $6,339,161.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Persis Drell sold 606 shares of the company’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $197.07, for a total value of $119,424.42. Following the completion of the transaction, the director now owns 26,104 shares in the company, valued at $5,144,315.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 85,702 shares of company stock worth $16,508,028. 5.82% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in the company. Janus Henderson Group PLC lifted its holdings in NVIDIA by 5,424.4% in the 2nd quarter. Janus Henderson Group PLC now owns 4,096,888 shares of the computer hardware maker’s stock worth $592,244,000 after buying an additional 4,022,728 shares during the period. Vanguard Group Inc. lifted its holdings in NVIDIA by 7.1% in the 2nd quarter. Vanguard Group Inc. now owns 40,257,187 shares of the computer hardware maker’s stock worth $5,819,579,000 after buying an additional 2,676,976 shares during the period. Jackson Square Partners LLC purchased a new stake in NVIDIA in the 2nd quarter worth approximately $229,323,000. Renaissance Technologies LLC lifted its holdings in NVIDIA by 19.3% in the 2nd quarter. Renaissance Technologies LLC now owns 4,758,793 shares of the computer hardware maker’s stock worth $687,931,000 after buying an additional 768,200 shares during the period. Finally, Quantitative Investment Management LLC lifted its holdings in NVIDIA by 3,194.2% in the 2nd quarter. Quantitative Investment Management LLC now owns 678,600 shares of the computer hardware maker’s stock worth $98,098,000 after buying an additional 658,000 shares during the period. Hedge funds and other institutional investors own 63.41% of the company’s stock.
Shares of NVIDIA (NVDA) opened at $195.27 on Friday. The firm has a market capitalization of $119,260.80, a P/E ratio of 48.45, a price-to-earnings-growth ratio of 4.58 and a beta of 1.18. The company has a quick ratio of 7.42, a current ratio of 8.26 and a debt-to-equity ratio of 0.31. NVIDIA has a 1-year low of $95.17 and a 1-year high of $218.67.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, November 24th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.31%. This is a positive change from NVIDIA’s previous quarterly dividend of $0.14. The ex-dividend date was Wednesday, November 22nd. NVIDIA’s payout ratio is presently 14.89%.
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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