VMware (VMW) Expected to Post Earnings of $1.14 Per Share

Equities analysts expect VMware (NYSE:VMW) to report earnings per share of $1.14 for the current quarter, Zacks Investment Research reports. Ten analysts have provided estimates for VMware’s earnings, with the lowest EPS estimate coming in at $1.10 and the highest estimate coming in at $1.15. VMware posted earnings per share of $0.99 during the same quarter last year, which would indicate a positive year over year growth rate of 15.2%. The firm is scheduled to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that VMware will report full-year earnings of $5.96 per share for the current year, with EPS estimates ranging from $5.54 to $6.02. For the next fiscal year, analysts anticipate that the firm will post earnings of $6.64 per share, with EPS estimates ranging from $6.24 to $6.79. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover VMware.

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VMware (NYSE:VMW) last announced its earnings results on Thursday, March 1st. The virtualization software provider reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.06. VMware had a return on equity of 19.84% and a net margin of 7.18%. The firm had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the previous year, the business earned $1.43 EPS. The company’s revenue was up 13.6% compared to the same quarter last year.

VMW has been the topic of a number of research analyst reports. Cowen upgraded VMware from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 11th. Royal Bank of Canada boosted their target price on VMware to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 17th. They noted that the move was a valuation call. Nomura initiated coverage on VMware in a research note on Tuesday, January 23rd. They issued a “reduce” rating and a $108.00 target price on the stock. Deutsche Bank lifted their price target on shares of VMware from $145.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, January 29th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $135.00 price target on shares of VMware in a report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twenty have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $131.42.

Shares of NYSE VMW traded up $0.46 during midday trading on Friday, reaching $136.05. The company’s stock had a trading volume of 2,620,810 shares, compared to its average volume of 2,162,535. VMware has a 12-month low of $85.45 and a 12-month high of $165.00. The company has a market capitalization of $54,747.99, a PE ratio of 35.25, a PEG ratio of 2.44 and a beta of 0.73. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.54.

A number of hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. raised its holdings in VMware by 32.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 18,742 shares of the virtualization software provider’s stock valued at $2,351,000 after acquiring an additional 4,593 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in VMware by 5.9% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 34,346 shares of the virtualization software provider’s stock valued at $4,304,000 after acquiring an additional 1,901 shares during the period. Macquarie Group Ltd. raised its holdings in VMware by 683.1% during the 4th quarter. Macquarie Group Ltd. now owns 208,627 shares of the virtualization software provider’s stock valued at $28,306,000 after acquiring an additional 181,987 shares during the period. Clark Capital Management Group Inc. raised its holdings in VMware by 3.6% during the 4th quarter. Clark Capital Management Group Inc. now owns 104,870 shares of the virtualization software provider’s stock valued at $13,142,000 after acquiring an additional 3,612 shares during the period. Finally, LPL Financial LLC raised its holdings in VMware by 8.0% during the 4th quarter. LPL Financial LLC now owns 30,379 shares of the virtualization software provider’s stock valued at $3,807,000 after acquiring an additional 2,253 shares during the period. 22.43% of the stock is currently owned by institutional investors and hedge funds.

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About VMware

VMware, Inc provides compute, cloud, mobility, networking, and security infrastructure software to businesses in the United States and internationally. The company offers compute products, including VMware vSphere, a data center platform, which enables users to deploy hypervisor, a layer of software that resides between the operating system and system hardware to enable compute virtualization; storage and availability products that provide data storage and protection options; network and security products; and cloud management and automation products to manage and automate overarching IT processes involved in provisioning IT services and resources to users from initial infrastructure deployment to retirement.

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Earnings History and Estimates for VMware (NYSE:VMW)

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