Analysts predict that VMware, Inc. (NYSE:VMW) will report $1.28 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Eight analysts have made estimates for VMware’s earnings, with estimates ranging from $1.27 to $1.32. VMware posted earnings of $1.26 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 1.6%. The business is scheduled to issue its next quarterly earnings results on Thursday, May 30th.
According to Zacks, analysts expect that VMware will report full year earnings of $6.57 per share for the current year, with EPS estimates ranging from $6.48 to $7.20. For the next financial year, analysts expect that the firm will post earnings of $7.27 per share, with EPS estimates ranging from $6.95 to $7.60. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow VMware.
VMware (NYSE:VMW) last announced its quarterly earnings results on Thursday, February 28th. The virtualization software provider reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.88 by $0.10. VMware had a net margin of 26.99% and a return on equity of 19.46%. During the same period last year, the business posted $1.68 earnings per share.
A number of brokerages recently weighed in on VMW. Mizuho began coverage on shares of VMware in a research note on Wednesday. They issued a “neutral” rating and a $160.00 target price for the company. Goldman Sachs Group lowered shares of VMware from a “neutral” rating to a “sell” rating and set a $177.00 target price for the company. in a research note on Wednesday, March 6th. Nomura set a $130.00 price objective on shares of VMware and gave the stock a “sell” rating in a research note on Friday, March 1st. Barclays increased their price objective on shares of VMware from $168.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. Finally, Raymond James increased their price objective on shares of VMware from $163.00 to $196.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $179.61.
In other news, COO Rangarajan (Raghu) Raghuram sold 36,311 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $170.24, for a total value of $6,181,584.64. Following the sale, the chief operating officer now directly owns 304,104 shares of the company’s stock, valued at approximately $51,770,664.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Sanjay Poonen sold 16,135 shares of the company’s stock in a transaction dated Wednesday, January 9th. The shares were sold at an average price of $147.88, for a total transaction of $2,386,043.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 145,921 shares of company stock worth $23,111,768. 29.90% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of the company. State Board of Administration of Florida Retirement System boosted its holdings in VMware by 0.8% during the third quarter. State Board of Administration of Florida Retirement System now owns 95,589 shares of the virtualization software provider’s stock worth $14,918,000 after purchasing an additional 795 shares during the last quarter. Commerce Bank grew its stake in VMware by 18.8% in the 3rd quarter. Commerce Bank now owns 2,380 shares of the virtualization software provider’s stock worth $372,000 after buying an additional 377 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in VMware by 19.4% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 6,501 shares of the virtualization software provider’s stock worth $1,015,000 after buying an additional 1,057 shares in the last quarter. American Century Companies Inc. grew its stake in VMware by 19,743.7% in the 3rd quarter. American Century Companies Inc. now owns 412,749 shares of the virtualization software provider’s stock worth $64,414,000 after buying an additional 410,669 shares in the last quarter. Finally, WINTON GROUP Ltd grew its stake in VMware by 41.5% in the 3rd quarter. WINTON GROUP Ltd now owns 2,939 shares of the virtualization software provider’s stock worth $459,000 after buying an additional 862 shares in the last quarter. 17.82% of the stock is currently owned by institutional investors.
NYSE VMW traded up $2.78 on Friday, reaching $182.04. The company had a trading volume of 27,216 shares, compared to its average volume of 1,465,158. The firm has a market cap of $73.41 billion, a PE ratio of 36.84, a PEG ratio of 2.76 and a beta of 0.76. The company has a current ratio of 3.04, a quick ratio of 3.04 and a debt-to-equity ratio of 0.39. VMware has a 1-year low of $117.61 and a 1-year high of $183.40.
VMware Company Profile
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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