Wall Street brokerages expect NVIDIA Co. (NASDAQ:NVDA) to announce earnings of $1.41 per share for the current quarter, Zacks reports. Ten analysts have made estimates for NVIDIA’s earnings. The highest EPS estimate is $1.43 and the lowest is $1.40. NVIDIA reported earnings of $1.72 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 18%. The business is scheduled to report its next quarterly earnings report on Thursday, February 14th.
According to Zacks, analysts expect that NVIDIA will report full year earnings of $7.24 per share for the current year, with EPS estimates ranging from $7.23 to $7.26. For the next financial year, analysts forecast that the company will post earnings of $7.11 per share, with EPS estimates ranging from $6.53 to $7.56. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover NVIDIA.
NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Thursday, November 15th. The computer hardware maker reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.06). NVIDIA had a net margin of 37.78% and a return on equity of 51.60%. The business had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.24 billion.
Several research firms have recently weighed in on NVDA. Royal Bank of Canada reduced their target price on shares of NVIDIA from $260.00 to $230.00 and set an “outperform” rating for the company in a research note on Wednesday, December 12th. Credit Suisse Group assumed coverage on shares of NVIDIA in a research note on Sunday, December 2nd. They set an “outperform” rating and a $145.00 price objective for the company. BidaskClub upgraded shares of NVIDIA from a “sell” rating to a “hold” rating in a research report on Friday, November 30th. Tigress Financial reiterated a “buy” rating on shares of NVIDIA in a research report on Monday, November 26th. Finally, Zacks Investment Research lowered shares of NVIDIA from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 21st. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty-six have assigned a buy rating to the company’s stock. NVIDIA has an average rating of “Buy” and an average target price of $256.85.
NASDAQ NVDA opened at $143.58 on Tuesday. NVIDIA has a 52-week low of $133.31 and a 52-week high of $292.76. The company has a debt-to-equity ratio of 0.21, a current ratio of 7.08 and a quick ratio of 6.20. The stock has a market cap of $89.33 billion, a P/E ratio of 30.75, a P/E/G ratio of 2.13 and a beta of 1.99.
In other NVIDIA news, EVP Ajay K. Puri sold 90,831 shares of the stock in a transaction dated Tuesday, October 2nd. The stock was sold at an average price of $289.35, for a total value of $26,281,949.85. Following the sale, the executive vice president now owns 184,001 shares of the company’s stock, valued at approximately $53,240,689.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Colette Kress sold 889 shares of the stock in a transaction dated Friday, December 14th. The shares were sold at an average price of $147.91, for a total value of $131,491.99. Following the completion of the transaction, the chief financial officer now owns 259,912 shares in the company, valued at approximately $38,443,583.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 114,553 shares of company stock valued at $32,467,419. Company insiders own 4.70% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Bainco International Investors lifted its holdings in shares of NVIDIA by 1.0% in the 2nd quarter. Bainco International Investors now owns 23,650 shares of the computer hardware maker’s stock valued at $5,603,000 after buying an additional 223 shares during the period. Smith Asset Management Group LP raised its holdings in shares of NVIDIA by 28.9% in the second quarter. Smith Asset Management Group LP now owns 43,893 shares of the computer hardware maker’s stock worth $10,398,000 after acquiring an additional 9,830 shares during the last quarter. Gables Capital Management Inc. raised its holdings in shares of NVIDIA by 21.1% in the second quarter. Gables Capital Management Inc. now owns 4,600 shares of the computer hardware maker’s stock worth $1,107,000 after acquiring an additional 800 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of NVIDIA by 24.2% in the second quarter. American Century Companies Inc. now owns 26,860 shares of the computer hardware maker’s stock worth $6,363,000 after acquiring an additional 5,231 shares during the last quarter. Finally, Intrust Bank NA grew its position in shares of NVIDIA by 24.9% in the second quarter. Intrust Bank NA now owns 2,744 shares of the computer hardware maker’s stock valued at $650,000 after purchasing an additional 547 shares during the period. Hedge funds and other institutional investors own 67.48% of the company’s stock.
NVIDIA Corporation operates as a visual computing company worldwide. It operates through two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for AI utilizing deep learning, accelerated computing, and general purpose computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.
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