Zacks: Brokerages Expect VMware, Inc. (VMW) Will Announce Earnings of $1.49 Per Share

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Wall Street analysts forecast that VMware, Inc. (NYSE:VMW) will report earnings of $1.49 per share for the current quarter, Zacks reports. Ten analysts have made estimates for VMware’s earnings, with the lowest EPS estimate coming in at $1.47 and the highest estimate coming in at $1.52. VMware posted earnings per share of $1.19 in the same quarter last year, which would indicate a positive year over year growth rate of 25.2%. The company is scheduled to report its next quarterly earnings report on Thursday, August 23rd.

According to Zacks, analysts expect that VMware will report full-year earnings of $6.15 per share for the current financial year, with EPS estimates ranging from $6.11 to $6.24. For the next financial year, analysts forecast that the company will report earnings of $6.78 per share, with EPS estimates ranging from $6.41 to $7.06. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that cover VMware.

VMware (NYSE:VMW) last announced its quarterly earnings data on Thursday, May 31st. The virtualization software provider reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.11. VMware had a return on equity of 19.58% and a net margin of 15.61%. The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the previous year, the firm earned $0.99 earnings per share. The firm’s quarterly revenue was up 13.8% compared to the same quarter last year.

VMW has been the topic of a number of analyst reports. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $125.00 price objective (up previously from $110.00) on shares of VMware in a research report on Wednesday, February 28th. ValuEngine raised shares of VMware from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Jefferies Financial Group reaffirmed a “buy” rating and issued a $171.00 price objective on shares of VMware in a research report on Thursday, March 1st. Robert W. Baird reaffirmed an “outperform” rating and issued a $140.00 price objective (up previously from $135.00) on shares of VMware in a research report on Friday, March 2nd. Finally, Stifel Nicolaus downgraded shares of VMware from a “buy” rating to a “hold” rating and cut their price objective for the stock from $152.00 to $135.00 in a research report on Friday, March 2nd. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and nineteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $139.54.

Shares of VMware opened at $150.01 on Friday, MarketBeat Ratings reports. The company has a quick ratio of 3.04, a current ratio of 3.04 and a debt-to-equity ratio of 0.44. VMware has a 12 month low of $85.70 and a 12 month high of $165.00. The firm has a market cap of $61.03 billion, a P/E ratio of 38.86, a P/E/G ratio of 2.61 and a beta of 0.75.

In other news, COO Rajiv Ramaswami sold 30,000 shares of the company’s stock in a transaction on Monday, June 4th. The shares were sold at an average price of $142.66, for a total value of $4,279,800.00. Following the sale, the chief operating officer now directly owns 266,057 shares of the company’s stock, valued at approximately $37,955,691.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 29.90% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Clearbridge Investments LLC boosted its holdings in shares of VMware by 6.2% in the 4th quarter. Clearbridge Investments LLC now owns 3,127,595 shares of the virtualization software provider’s stock valued at $391,950,000 after acquiring an additional 183,127 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of VMware by 19.9% in the 4th quarter. Renaissance Technologies LLC now owns 2,656,100 shares of the virtualization software provider’s stock valued at $332,862,000 after acquiring an additional 441,500 shares during the last quarter. Jericho Capital Asset Management L.P. boosted its holdings in shares of VMware by 59.6% in the 1st quarter. Jericho Capital Asset Management L.P. now owns 1,823,078 shares of the virtualization software provider’s stock valued at $221,085,000 after acquiring an additional 680,798 shares during the last quarter. Coatue Management LLC purchased a new stake in shares of VMware in the 4th quarter valued at $156,584,000. Finally, TIAA CREF Investment Management LLC boosted its holdings in shares of VMware by 7.2% in the 4th quarter. TIAA CREF Investment Management LLC now owns 795,958 shares of the virtualization software provider’s stock valued at $99,749,000 after acquiring an additional 53,607 shares during the last quarter. 20.15% of the stock is currently owned by institutional investors and hedge funds.

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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