Zacks: Analysts Expect Tableau Software Inc (DATA) Will Announce Quarterly Sales of $217.46 Million

Equities research analysts expect Tableau Software Inc (NYSE:DATA) to report sales of $217.46 million for the current quarter, according to Zacks. Ten analysts have issued estimates for Tableau Software’s earnings, with estimates ranging from $212.00 million to $221.50 million. Tableau Software reported sales of $199.91 million during the same quarter last year, which would suggest a positive year over year growth rate of 8.8%. The company is expected to report its next quarterly earnings report on Wednesday, May 2nd.

On average, analysts expect that Tableau Software will report full year sales of $217.46 million for the current fiscal year, with estimates ranging from $945.00 million to $985.10 million. For the next year, analysts expect that the firm will report sales of $1.09 billion per share, with estimates ranging from $1.02 billion to $1.15 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover Tableau Software.

Tableau Software (NYSE:DATA) last announced its quarterly earnings data on Thursday, February 1st. The software company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.09. The firm had revenue of $249.40 million for the quarter, compared to the consensus estimate of $240.63 million. Tableau Software had a negative net margin of 21.16% and a negative return on equity of 23.76%. The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the prior year, the company posted $0.26 earnings per share.

A number of equities research analysts have issued reports on the stock. UBS Group set a $108.00 price objective on shares of Tableau Software and gave the stock a “buy” rating in a research note on Wednesday, February 14th. JMP Securities raised their price target on shares of Tableau Software from $77.00 to $94.00 and gave the company a “market outperform” rating in a research note on Friday, February 2nd. Morgan Stanley raised their price target on shares of Tableau Software from $76.00 to $83.00 and gave the company an “equal weight” rating in a research note on Friday, February 2nd. Stifel Nicolaus restated a “buy” rating and issued a $95.00 price target on shares of Tableau Software in a research note on Friday, February 2nd. Finally, Mizuho raised their price target on shares of Tableau Software from $68.00 to $85.00 and gave the company a “neutral” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $81.26.

Shares of Tableau Software (NYSE:DATA) opened at $82.16 on Thursday. The stock has a market cap of $6,591.47, a PE ratio of -34.81 and a beta of 0.88. Tableau Software has a one year low of $47.30 and a one year high of $87.00.

In other Tableau Software news, Director Elliott H. Jurgensen, Jr. sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $82.70, for a total transaction of $330,800.00. Following the completion of the transaction, the director now owns 6,781 shares in the company, valued at approximately $560,788.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Chris Stolte sold 75,000 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $70.28, for a total transaction of $5,271,000.00. Following the transaction, the insider now owns 78,536 shares of the company’s stock, valued at approximately $5,519,510.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,015,688 shares of company stock valued at $78,806,869. Company insiders own 28.98% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC increased its stake in shares of Tableau Software by 871.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,486 shares of the software company’s stock valued at $102,000 after acquiring an additional 1,333 shares in the last quarter. American International Group Inc. bought a new stake in shares of Tableau Software in the 4th quarter valued at $105,000. Invictus RG bought a new stake in shares of Tableau Software in the 3rd quarter valued at $123,000. The Manufacturers Life Insurance Company increased its stake in shares of Tableau Software by 7.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,287 shares of the software company’s stock valued at $140,000 after acquiring an additional 167 shares in the last quarter. Finally, Boston Advisors LLC bought a new stake in shares of Tableau Software in the 3rd quarter valued at $201,000. Hedge funds and other institutional investors own 82.24% of the company’s stock.

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Tableau Software Company Profile

Tableau Software, Inc (Tableau) offers software products. The Company’s products are used by people of diverse skill levels across all kinds of organizations. The Company’s products are used by people of skill levels across all kinds of organizations. Its technologies include visual query language (VizQL) and Hybrid Data Architecture.

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