Analysts Expect VMware (VMW) Will Announce Earnings of $1.14 Per Share

Equities analysts expect VMware (NYSE:VMW) to announce earnings of $1.14 per share for the current quarter, Zacks reports. Ten analysts have provided estimates for VMware’s earnings. The highest EPS estimate is $1.15 and the lowest is $1.14. VMware posted earnings of $0.99 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 15.2%. The business is scheduled to announce its next quarterly earnings report after the market closes on Thursday, May 31st.

On average, analysts expect that VMware will report full-year earnings of $5.98 per share for the current fiscal year, with EPS estimates ranging from $5.54 to $6.02. For the next fiscal year, analysts forecast that the business will report earnings of $6.62 per share, with EPS estimates ranging from $6.24 to $6.79. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that cover VMware.

VMware (NYSE:VMW) last issued its earnings results on Thursday, March 1st. The virtualization software provider reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.06. The firm had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.26 billion. VMware had a net margin of 7.18% and a return on equity of 19.84%. The business’s revenue was up 13.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.43 earnings per share.

Several research analysts have recently weighed in on VMW shares. Zacks Investment Research cut shares of VMware from a “strong-buy” rating to a “hold” rating in a report on Friday, May 4th. Deutsche Bank boosted their price objective on shares of VMware from $145.00 to $175.00 and gave the company a “buy” rating in a report on Monday, January 29th. Citigroup cut shares of VMware from a “buy” rating to a “neutral” rating and set a $124.00 price objective for the company. in a report on Monday, February 5th. Wells Fargo reissued a “market perform” rating and set a $125.00 price objective (up from $110.00) on shares of VMware in a report on Wednesday, February 28th. Finally, Nomura started coverage on shares of VMware in a report on Tuesday, January 23rd. They set a “reduce” rating and a $108.00 price objective for the company. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nineteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $132.38.

Shares of NYSE VMW opened at $138.69 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.73 and a current ratio of 2.73. VMware has a 52-week low of $85.45 and a 52-week high of $165.00. The company has a market capitalization of $56.12 billion, a PE ratio of 35.93, a PEG ratio of 2.50 and a beta of 0.74.

In other VMware news, COO Rajiv Ramaswami sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 2nd. The shares were sold at an average price of $132.85, for a total transaction of $1,328,500.00. Following the completion of the sale, the chief operating officer now directly owns 307,763 shares of the company’s stock, valued at $40,886,314.55. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 34.40% of the stock is currently owned by corporate insiders.

Hedge funds have recently made changes to their positions in the business. Point72 Asia Hong Kong Ltd bought a new position in shares of VMware in the first quarter worth approximately $106,000. Perigon Wealth Management LLC bought a new position in shares of VMware in the first quarter worth approximately $121,000. Mckinley Capital Management LLC Delaware bought a new position in shares of VMware in the first quarter worth approximately $127,000. Global Trust Asset Management LLC bought a new position in shares of VMware in the fourth quarter worth approximately $138,000. Finally, W.G. Shaheen & Associates DBA Whitney & Co bought a new position in shares of VMware in the first quarter worth approximately $167,000. 20.32% of the stock is owned by institutional investors and hedge funds.

About VMware

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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Earnings History and Estimates for VMware (NYSE:VMW)

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