Zoom Video Communications (ZM) to Release Earnings on Monday

Zoom Video Communications (NASDAQ:ZM) is scheduled to be releasing its earnings data after the market closes on Monday, November 25th. Analysts expect Zoom Video Communications to post earnings of $1.31 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Zoom Video Communications (NASDAQ:ZM) last posted its earnings results on Wednesday, August 21st. The company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.18. Zoom Video Communications had a return on equity of 10.77% and a net margin of 19.08%. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the company earned $0.55 EPS. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, analysts expect Zoom Video Communications to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Zoom Video Communications Stock Down 1.8 %

Shares of ZM stock opened at $81.14 on Monday. Zoom Video Communications has a 12 month low of $55.06 and a 12 month high of $87.15. The company has a market cap of $24.97 billion, a PE ratio of 29.08, a price-to-earnings-growth ratio of 6.99 and a beta of -0.05. The business’s 50 day moving average is $72.07 and its two-hundred day moving average is $64.89.

Wall Street Analysts Forecast Growth

ZM has been the topic of a number of research analyst reports. Morgan Stanley raised their target price on shares of Zoom Video Communications from $68.00 to $86.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Benchmark raised their price target on Zoom Video Communications from $83.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Wells Fargo & Company boosted their price objective on Zoom Video Communications from $55.00 to $60.00 and gave the stock an “underweight” rating in a research report on Thursday, August 22nd. UBS Group raised Zoom Video Communications to a “hold” rating in a report on Friday, July 26th. Finally, Robert W. Baird cut their price target on Zoom Video Communications from $84.00 to $77.00 and set an “outperform” rating for the company in a report on Thursday, August 22nd. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $76.26.

Insider Activity

In related news, insider Velchamy Sankarlingam sold 3,614 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $66.87, for a total value of $241,668.18. Following the sale, the insider now owns 94,000 shares of the company’s stock, valued at $6,285,780. The trade was a 3.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Shane Crehan sold 1,550 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $66.87, for a total value of $103,648.50. Following the transaction, the chief accounting officer now owns 1,463 shares of the company’s stock, valued at $97,830.81. This represents a 51.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 372,121 shares of company stock worth $27,095,467. 10.78% of the stock is currently owned by corporate insiders.

About Zoom Video Communications

Zoom Video Communications, Inc provides unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, an enterprise cloud phone system; and Zoom Chat enables users to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices.