Brokerages expect VMware, Inc. (NYSE:VMW) to report $1.95 billion in sales for the current quarter, Zacks Investment Research reports. Ten analysts have made estimates for VMware’s earnings, with the lowest sales estimate coming in at $1.91 billion and the highest estimate coming in at $1.96 billion. VMware posted sales of $1.74 billion in the same quarter last year, which suggests a positive year over year growth rate of 12.1%. The business is scheduled to report its next earnings report on Monday, January 1st.
On average, analysts expect that VMware will report full year sales of $1.95 billion for the current fiscal year, with estimates ranging from $7.82 billion to $8.76 billion. For the next fiscal year, analysts expect that the business will post sales of $9.38 billion per share, with estimates ranging from $8.73 billion to $9.74 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for VMware.
VMware (NYSE:VMW) last issued its earnings results on Thursday, March 1st. The virtualization software provider reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.06. VMware had a return on equity of 19.52% and a net margin of 7.18%. The business had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same period last year, the company earned $1.43 EPS. The company’s revenue for the quarter was up 13.6% on a year-over-year basis.
Shares of VMware (NYSE:VMW) opened at $127.19 on Tuesday. VMware has a 52 week low of $85.45 and a 52 week high of $165.00. The stock has a market capitalization of $51,280.00, a price-to-earnings ratio of 33.83, a price-to-earnings-growth ratio of 2.27 and a beta of 0.72. The company has a quick ratio of 2.86, a current ratio of 2.86 and a debt-to-equity ratio of 0.51.
In related news, COO Sanjay Poonen sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $129.71, for a total transaction of $1,297,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Maurizio Carli sold 2,581 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $129.88, for a total value of $335,220.28. The disclosure for this sale can be found here. Company insiders own 34.40% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. Global Trust Asset Management LLC purchased a new position in shares of VMware in the 4th quarter valued at about $138,000. Bronfman E.L. Rothschild L.P. boosted its stake in shares of VMware by 1,643.8% in the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 1,273 shares of the virtualization software provider’s stock valued at $139,000 after buying an additional 1,200 shares during the period. Bank of Hawaii purchased a new position in shares of VMware in the 4th quarter valued at about $202,000. Cadence Capital Management LLC purchased a new position in shares of VMware in the 3rd quarter valued at about $204,000. Finally, Argent Trust Co purchased a new position in shares of VMware in the 3rd quarter valued at about $205,000. Institutional investors own 22.48% of the company’s stock.
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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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