NVIDIA Co. (NASDAQ:NVDA) Expected to Announce Earnings of $1.22 Per Share

Wall Street brokerages expect NVIDIA Co. (NASDAQ:NVDA) to post $1.22 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Nine analysts have issued estimates for NVIDIA’s earnings. The lowest EPS estimate is $1.15 and the highest is $1.25. NVIDIA posted earnings per share of $0.78 in the same quarter last year, which would indicate a positive year-over-year growth rate of 56.4%. The company is scheduled to announce its next earnings results on Wednesday, February 23rd.

On average, analysts expect that NVIDIA will report full-year earnings of $4.33 per share for the current financial year, with EPS estimates ranging from $4.20 to $4.37. For the next fiscal year, analysts anticipate that the company will post earnings of $5.13 per share, with EPS estimates ranging from $4.62 to $5.60. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover NVIDIA.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, November 17th. The computer hardware maker reported $1.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.06. NVIDIA had a return on equity of 41.79% and a net margin of 33.81%. The business had revenue of $7.10 billion during the quarter, compared to analyst estimates of $6.83 billion. During the same quarter in the prior year, the business posted $0.60 EPS.

NVDA has been the subject of a number of recent analyst reports. Tigress Financial reaffirmed a “buy” rating and issued a $400.00 price objective (up previously from $230.00) on shares of NVIDIA in a report on Thursday, December 2nd. Oppenheimer upped their target price on shares of NVIDIA from $235.00 to $350.00 and gave the stock an “outperform” rating in a research note on Thursday, November 11th. KeyCorp increased their price objective on shares of NVIDIA from $260.00 to $350.00 and gave the company an “overweight” rating in a research report on Thursday, November 18th. Mizuho increased their price target on shares of NVIDIA from $235.00 to $335.00 and gave the stock a “buy” rating in a research note on Thursday, November 18th. Finally, Raymond James raised their target price on shares of NVIDIA from $225.00 to $365.00 and gave the stock a “strong-buy” rating in a research note on Thursday, November 18th. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $326.63.

In related news, Director Persis Drell sold 10,000 shares of NVIDIA stock in a transaction on Friday, November 19th. The stock was sold at an average price of $326.65, for a total transaction of $3,266,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mark A. Stevens sold 58,000 shares of NVIDIA stock in a transaction dated Monday, November 22nd. The stock was sold at an average price of $342.58, for a total value of $19,869,640.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 990,012 shares of company stock worth $312,681,810. 4.47% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in the stock. Marquette Asset Management LLC lifted its position in NVIDIA by 300.0% in the 3rd quarter. Marquette Asset Management LLC now owns 120 shares of the computer hardware maker’s stock valued at $25,000 after acquiring an additional 90 shares in the last quarter. HBC Financial Services PLLC increased its stake in NVIDIA by 300.0% in the 3rd quarter. HBC Financial Services PLLC now owns 120 shares of the computer hardware maker’s stock worth $25,000 after buying an additional 90 shares in the last quarter. Global Trust Asset Management LLC boosted its holdings in shares of NVIDIA by 300.0% during the 3rd quarter. Global Trust Asset Management LLC now owns 124 shares of the computer hardware maker’s stock valued at $26,000 after purchasing an additional 93 shares during the last quarter. First Personal Financial Services boosted its holdings in shares of NVIDIA by 366.7% during the 3rd quarter. First Personal Financial Services now owns 140 shares of the computer hardware maker’s stock valued at $29,000 after purchasing an additional 110 shares during the last quarter. Finally, Baldrige Asset Management LLC boosted its holdings in shares of NVIDIA by 300.0% during the 3rd quarter. Baldrige Asset Management LLC now owns 148 shares of the computer hardware maker’s stock valued at $31,000 after purchasing an additional 111 shares during the last quarter. Institutional investors own 63.70% of the company’s stock.

Shares of NVDA stock opened at $269.42 on Monday. The firm has a market cap of $673.55 billion, a price-to-earnings ratio of 83.03, a PEG ratio of 3.83 and a beta of 1.31. NVIDIA has a 52-week low of $115.67 and a 52-week high of $346.47. The company has a quick ratio of 6.53, a current ratio of 7.14 and a debt-to-equity ratio of 0.46. The company’s 50 day moving average is $299.95 and its 200 day moving average is $244.08.

The business also recently declared a quarterly dividend, which was paid on Thursday, December 23rd. Stockholders of record on Thursday, December 2nd were paid a $0.04 dividend. The ex-dividend date was Wednesday, December 1st. This represents a $0.16 annualized dividend and a dividend yield of 0.06%. NVIDIA’s payout ratio is 4.93%.

NVIDIA Company Profile

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other. 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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