$1.43 EPS Expected for VMware, Inc. (NYSE:VMW) This Quarter

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Analysts predict that VMware, Inc. (NYSE:VMW) will report earnings of $1.43 per share for the current quarter, Zacks reports. Ten analysts have provided estimates for VMware’s earnings, with the lowest EPS estimate coming in at $1.42 and the highest estimate coming in at $1.48. VMware reported earnings of $1.49 per share during the same quarter last year, which suggests a negative year over year growth rate of 4%. The firm is scheduled to report its next earnings report on Tuesday, November 24th.

On average, analysts expect that VMware will report full year earnings of $6.64 per share for the current fiscal year, with EPS estimates ranging from $6.62 to $6.72. For the next financial year, analysts forecast that the business will post earnings of $7.21 per share, with EPS estimates ranging from $7.00 to $7.52. Zacks’ earnings per share calculations are an average based on a survey of research firms that that provide coverage for VMware.

VMware (NYSE:VMW) last released its quarterly earnings data on Thursday, August 27th. The virtualization software provider reported $1.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.36. VMware had a net margin of 15.94% and a return on equity of 27.92%. The business had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.80 billion. During the same quarter last year, the company earned $1.60 EPS. The company’s revenue for the quarter was up 18.1% compared to the same quarter last year.

A number of analysts recently weighed in on VMW shares. Northland Securities started coverage on shares of VMware in a report on Thursday, September 3rd. They issued an “outperform” rating and a $169.00 price objective on the stock. UBS Group began coverage on shares of VMware in a research note on Tuesday, October 13th. They set a “neutral” rating and a $155.00 target price on the stock. Credit Suisse Group reissued a “hold” rating on shares of VMware in a research note on Friday, August 28th. BMO Capital Markets reissued a “buy” rating on shares of VMware in a research note on Friday, August 28th. Finally, William Blair reissued an “outperform” rating on shares of VMware in a research note on Friday, October 2nd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $167.08.

Shares of VMW stock traded up $1.48 during trading hours on Friday, reaching $149.20. The stock had a trading volume of 495,252 shares, compared to its average volume of 915,109. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.88 and a quick ratio of 0.88. VMware has a twelve month low of $86.00 and a twelve month high of $173.37. The firm has a 50-day simple moving average of $81.93 and a 200-day simple moving average of $78.98. The firm has a market capitalization of $62.68 billion, a PE ratio of 35.19, a price-to-earnings-growth ratio of 2.32 and a beta of 0.67.

In other VMware news, VP Amy Fliegelman Olli sold 1,348 shares of the firm’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $142.30, for a total value of $191,820.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Sanjay Poonen sold 12,000 shares of the firm’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $141.23, for a total transaction of $1,694,760.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,037 shares of company stock valued at $4,708,857. Corporate insiders own 28.50% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Premier Asset Management LLC acquired a new stake in shares of VMware in the 2nd quarter valued at $7,940,000. World Asset Management Inc purchased a new position in shares of VMware during the second quarter valued at approximately $222,000. IFM Investors Pty Ltd boosted its position in shares of VMware by 18.1% during the third quarter. IFM Investors Pty Ltd now owns 6,972 shares of the virtualization software provider’s stock valued at $1,002,000 after buying an additional 1,070 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of VMware by 0.6% during the second quarter. Vanguard Group Inc. now owns 4,987,643 shares of the virtualization software provider’s stock valued at $772,387,000 after buying an additional 28,593 shares during the last quarter. Finally, First Quadrant L P CA boosted its position in shares of VMware by 185.3% during the second quarter. First Quadrant L P CA now owns 856 shares of the virtualization software provider’s stock valued at $133,000 after buying an additional 556 shares during the last quarter. Institutional investors own 18.54% of the company’s stock.

VMware Company Profile

VMware, Inc provides software in the areas of hybrid cloud, multi-cloud, modern applications, networking and security, and digital workspaces in the United States and internationally. It 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; and cloud management products for businesses with automated operation, programmable provisioning, and application monitoring solutions.

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