NVIDIA Co. (NASDAQ:NVDA) Expected to Announce Earnings of $1.15 Per Share

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Wall Street brokerages predict that NVIDIA Co. (NASDAQ:NVDA) will announce earnings of $1.15 per share for the current fiscal quarter, Zacks reports. Eleven analysts have provided estimates for NVIDIA’s earnings, with estimates ranging from $1.11 to $1.24. NVIDIA reported earnings per share of $1.94 during the same quarter last year, which would suggest a negative year over year growth rate of 40.7%. The company is expected to announce its next earnings report on Thursday, August 15th.

On average, analysts expect that NVIDIA will report full year earnings of $5.30 per share for the current fiscal year, with EPS estimates ranging from $5.01 to $5.58. For the next financial year, analysts forecast that the firm will post earnings of $7.14 per share, with EPS estimates ranging from $6.28 to $8.32. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow NVIDIA.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Thursday, May 16th. The computer hardware maker reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.07. The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.20 billion. NVIDIA had a net margin of 30.68% and a return on equity of 31.27%. The firm’s revenue was down 30.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.05 earnings per share.

A number of analysts recently commented on NVDA shares. Nomura started coverage on shares of NVIDIA in a report on Tuesday, April 2nd. They set a “neutral” rating and a $147.00 price objective on the stock. Morgan Stanley set a $20.00 price target on shares of C&J Energy Services and gave the company a “hold” rating in a report on Monday, May 13th. BidaskClub downgraded shares of Weyco Group from a “sell” rating to a “strong sell” rating in a report on Saturday. Piper Jaffray Companies assumed coverage on shares of NVIDIA in a report on Tuesday, March 26th. They issued an “overweight” rating and a $200.00 price target on the stock. Finally, DZ Bank downgraded shares of NVIDIA to a “sell” rating and set a $170.00 price target on the stock. in a report on Friday, April 12th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-six have assigned a buy rating to the company’s stock. NVIDIA has a consensus rating of “Buy” and a consensus price target of $194.34.

In related news, Director Harvey C. Jones sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $145.10, for a total transaction of $14,510,000.00. Following the completion of the transaction, the director now owns 32,983 shares of the company’s stock, valued at $4,785,833.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Colette Kress sold 2,236 shares of the company’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $164.01, for a total transaction of $366,726.36. Following the transaction, the chief financial officer now directly owns 239,710 shares of the company’s stock, valued at approximately $39,314,837.10. The disclosure for this sale can be found here. Insiders have sold 104,736 shares of company stock worth $15,293,726 in the last three months. Insiders own 4.64% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Rehmann Capital Advisory Group increased its position in shares of NVIDIA by 28.5% in the first quarter. Rehmann Capital Advisory Group now owns 1,558 shares of the computer hardware maker’s stock worth $280,000 after acquiring an additional 346 shares in the last quarter. Norges Bank acquired a new stake in shares of NVIDIA in the fourth quarter worth $737,230,000. Tdam USA Inc. increased its position in shares of NVIDIA by 15.5% in the first quarter. Tdam USA Inc. now owns 1,970 shares of the computer hardware maker’s stock worth $354,000 after acquiring an additional 264 shares in the last quarter. ACG Wealth increased its position in shares of NVIDIA by 5.5% in the first quarter. ACG Wealth now owns 30,488 shares of the computer hardware maker’s stock worth $5,474,000 after acquiring an additional 1,600 shares in the last quarter. Finally, Physicians Financial Services Inc. acquired a new stake in shares of NVIDIA in the first quarter worth $301,000. 67.39% of the stock is owned by hedge funds and other institutional investors.

NVDA stock traded up $2.35 during trading on Friday, reaching $169.43. 332,124 shares of the company were exchanged, compared to its average volume of 10,095,548. The stock has a market cap of $101.87 billion, a P/E ratio of 27.94, a P/E/G ratio of 4.23 and a beta of 2.09. NVIDIA has a 52-week low of $124.46 and a 52-week high of $292.76. The firm’s 50 day moving average is $153.05. The company has a current ratio of 8.98, a quick ratio of 7.78 and a debt-to-equity ratio of 0.25.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, May 31st were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.38%. The ex-dividend date of this dividend was Thursday, May 30th. NVIDIA’s payout ratio is 10.54%.

NVIDIA Company Profile

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims specialized markets including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

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