$240.25 Million in Sales Expected for Tableau Software Inc (DATA) This Quarter

Equities research analysts expect Tableau Software Inc (NYSE:DATA) to announce $240.25 million in sales for the current fiscal quarter, Zacks reports. Eleven analysts have provided estimates for Tableau Software’s earnings, with the lowest sales estimate coming in at $235.10 million and the highest estimate coming in at $242.70 million. Tableau Software posted sales of $250.65 million in the same quarter last year, which suggests a negative year over year growth rate of 4.1%. The company is scheduled to issue its next quarterly earnings report after the market closes on Thursday, February 1st.

According to Zacks, analysts expect that Tableau Software will report full-year sales of $240.25 million for the current fiscal year, with estimates ranging from $862.80 million to $870.40 million. For the next financial year, analysts anticipate that the business will report sales of $939.77 million per share, with estimates ranging from $859.80 million to $988.40 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that cover Tableau Software.

Tableau Software (NYSE:DATA) last posted its quarterly earnings data on Thursday, November 2nd. The software company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.07. The company had revenue of $214.90 million for the quarter, compared to analyst estimates of $219.43 million. Tableau Software had a negative net margin of 18.76% and a negative return on equity of 20.89%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.16 earnings per share.

A number of analysts have recently issued reports on DATA shares. Bank of America lifted their price objective on shares of Tableau Software from $84.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, October 18th. KeyCorp reiterated a “buy” rating and set a $85.00 price objective on shares of Tableau Software in a research note on Friday, October 6th. Barclays restated a “buy” rating and issued a $80.00 price target on shares of Tableau Software in a research note on Wednesday, October 11th. Zacks Investment Research lowered shares of Tableau Software from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $75.00 price target on shares of Tableau Software in a research note on Wednesday, November 15th. Two research analysts have rated the stock with a sell rating, eighteen have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. Tableau Software currently has an average rating of “Hold” and an average price target of $72.11.

In other news, CFO Thomas E. Walker, Jr. sold 5,000 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $71.39, for a total transaction of $356,950.00. Following the completion of the transaction, the chief financial officer now owns 137,478 shares of the company’s stock, valued at $9,814,554.42. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Christian Chabot sold 450,000 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $70.49, for a total transaction of $31,720,500.00. Following the transaction, the insider now directly owns 231,820 shares of the company’s stock, valued at approximately $16,340,991.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 692,286 shares of company stock valued at $48,819,636. 28.98% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. State of Alaska Department of Revenue acquired a new position in shares of Tableau Software during the fourth quarter valued at $352,000. Schwab Charles Investment Management Inc. raised its stake in shares of Tableau Software by 6.2% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 270,798 shares of the software company’s stock valued at $18,740,000 after purchasing an additional 15,841 shares in the last quarter. Vista Private Wealth Partners. LLC bought a new stake in shares of Tableau Software during the third quarter valued at about $399,000. Public Employees Retirement System of Ohio raised its stake in shares of Tableau Software by 140.8% during the third quarter. Public Employees Retirement System of Ohio now owns 60,212 shares of the software company’s stock valued at $4,509,000 after purchasing an additional 35,209 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new stake in shares of Tableau Software during the third quarter valued at about $285,000. 81.29% of the stock is owned by institutional investors.

Tableau Software (NYSE DATA) traded down $1.03 on Friday, hitting $73.04. 531,700 shares of the stock were exchanged, compared to its average volume of 674,492. The stock has a market capitalization of $5,870.00, a price-to-earnings ratio of -34.62 and a beta of 0.82. Tableau Software has a 12 month low of $44.13 and a 12 month high of $82.32.

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Tableau Software Company Profile

Tableau Software, Inc (Tableau) offers software products. The Company’s products are used by people of diverse skill levels across all kinds of organizations. The Company’s products are used by people of skill levels across all kinds of organizations. Its technologies include visual query language (VizQL) and Hybrid Data Architecture.

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