Brokerages Anticipate VMware, Inc. (VMW) to Announce $1.63 Earnings Per Share

Brokerages expect that VMware, Inc. (NYSE:VMW) will report $1.63 earnings per share for the current quarter, Zacks Investment Research reports. Ten analysts have made estimates for VMware’s earnings. The highest EPS estimate is $1.64 and the lowest is $1.62. The business is scheduled to report its next earnings report on Monday, January 1st.

On average, analysts expect that VMware will report full year earnings of $5.14 per share for the current year, with EPS estimates ranging from $5.05 to $5.16. For the next fiscal year, analysts anticipate that the business will report earnings of $5.56 per share, with EPS estimates ranging from $5.40 to $5.77. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow VMware.

VMware (NYSE:VMW) last posted its quarterly earnings results on Thursday, November 30th. The virtualization software provider reported $1.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.07. The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.97 billion. VMware had a net margin of 18.97% and a return on equity of 18.57%. VMware’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.14 earnings per share.

A number of research analysts recently issued reports on VMW shares. Zacks Investment Research upgraded shares of VMware from a “hold” rating to a “buy” rating and set a $134.00 price objective for the company in a report on Wednesday, October 25th. Barclays boosted their price objective on shares of VMware from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, November 6th. Mizuho restated a “hold” rating and set a $110.00 price objective on shares of VMware in a report on Friday, November 17th. Jefferies Group restated a “buy” rating and set a $140.00 price objective on shares of VMware in a report on Friday, December 1st. Finally, Deutsche Bank restated a “buy” rating and set a $145.00 price objective on shares of VMware in a report on Friday, December 1st. Ten equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. VMware presently has a consensus rating of “Buy” and a consensus target price of $126.20.

In other news, COO Sanjay Poonen sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $129.71, for a total value of $1,297,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maurizio Carli sold 2,581 shares of the company’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $129.88, for a total transaction of $335,220.28. The disclosure for this sale can be found here. Insiders sold 484,155 shares of company stock valued at $53,551,032 in the last quarter. Corporate insiders own 34.40% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Laurion Capital Management LP boosted its holdings in VMware by 2.8% during the second quarter. Laurion Capital Management LP now owns 3,700 shares of the virtualization software provider’s stock worth $323,000 after purchasing an additional 100 shares during the last quarter. USA Financial Portformulas Corp boosted its holdings in VMware by 3.5% during the second quarter. USA Financial Portformulas Corp now owns 6,000 shares of the virtualization software provider’s stock worth $525,000 after purchasing an additional 202 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in VMware by 3.2% during the second quarter. PNC Financial Services Group Inc. now owns 8,638 shares of the virtualization software provider’s stock worth $754,000 after purchasing an additional 266 shares during the last quarter. MML Investors Services LLC boosted its holdings in VMware by 8.2% during the second quarter. MML Investors Services LLC now owns 3,629 shares of the virtualization software provider’s stock worth $317,000 after purchasing an additional 276 shares during the last quarter. Finally, BB&T Corp boosted its holdings in VMware by 12.9% during the third quarter. BB&T Corp now owns 4,049 shares of the virtualization software provider’s stock worth $442,000 after purchasing an additional 462 shares during the last quarter. Institutional investors and hedge funds own 22.53% of the company’s stock.

Shares of VMware (VMW) traded up $0.41 during midday trading on Friday, reaching $136.04. 1,287,132 shares of the company were exchanged, compared to its average volume of 1,341,546. The firm has a market capitalization of $54,840.00, a PE ratio of 38.87, a P/E/G ratio of 3.12 and a beta of 0.67. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.86 and a current ratio of 2.86. VMware has a 52-week low of $81.26 and a 52-week high of $136.62.

COPYRIGHT VIOLATION NOTICE: “Brokerages Anticipate VMware, Inc. (VMW) to Announce $1.63 Earnings Per Share” was first reported by American Banking News and is owned by of American Banking News. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The legal version of this story can be read at https://www.americanbankingnews.com/2018/01/19/brokerages-anticipate-vmware-inc-vmw-to-announce-1-63-earnings-per-share.html.

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).

Get a free copy of the Zacks research report on VMware (VMW)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for VMware (NYSE:VMW)

Receive News & Ratings for VMware Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VMware and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply