Analysts Anticipate Nutanix, Inc. (NASDAQ:NTNX) Will Announce Earnings of -$0.48 Per Share


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Equities research analysts forecast that Nutanix, Inc. (NASDAQ:NTNX) will post ($0.48) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for Nutanix’s earnings, with the highest EPS estimate coming in at ($0.39) and the lowest estimate coming in at ($0.56). Nutanix posted earnings per share of ($0.69) in the same quarter last year, which would suggest a positive year over year growth rate of 30.4%. The company is expected to announce its next quarterly earnings report on Wednesday, May 26th.

According to Zacks, analysts expect that Nutanix will report full-year earnings of ($1.78) per share for the current year, with EPS estimates ranging from ($1.90) to ($1.54). For the next year, analysts anticipate that the firm will report earnings of ($1.83) per share, with EPS estimates ranging from ($2.39) to ($1.25). Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Nutanix.

Nutanix (NASDAQ:NTNX) last released its earnings results on Wednesday, February 24th. The technology company reported ($0.37) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.92) by $0.55. Nutanix had a negative net margin of 69.59% and a negative return on equity of 1,175,319.00%.

A number of research analysts have recently commented on NTNX shares. Northland Securities reissued a “buy” rating on shares of Nutanix in a research report on Tuesday, February 23rd. Wells Fargo & Company boosted their target price on shares of Nutanix from $35.00 to $40.00 in a research report on Thursday, February 25th. Morgan Stanley lifted their price target on shares of Nutanix from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 4th. Needham & Company LLC lifted their price target on shares of Nutanix from $37.00 to $43.00 and gave the stock a “buy” rating in a research note on Wednesday, March 3rd. Finally, KeyCorp lifted their price target on shares of Nutanix from $37.00 to $42.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 3rd. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $35.07.

In other Nutanix news, CAO Aaron Boynton sold 3,166 shares of the company’s stock in a transaction dated Tuesday, March 16th. The shares were sold at an average price of $26.85, for a total value of $85,007.10. Following the completion of the sale, the chief accounting officer now directly owns 26,880 shares of the company’s stock, valued at approximately $721,728. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Dheeraj Pandey sold 1,210,000 shares of the company’s stock in a transaction dated Tuesday, March 9th. The shares were sold at an average price of $26.50, for a total transaction of $32,065,000.00. Following the completion of the sale, the insider now directly owns 886,000 shares of the company’s stock, valued at $23,479,000. The disclosure for this sale can be found here. Insiders sold a total of 1,252,555 shares of company stock valued at $33,207,602 over the last three months. 6.66% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of NTNX. Accel Wealth Management purchased a new stake in Nutanix during the fourth quarter valued at about $26,000. Inspire Advisors LLC purchased a new stake in Nutanix during the fourth quarter valued at about $33,000. Banque Cantonale Vaudoise lifted its stake in Nutanix by 100.0% during the fourth quarter. Banque Cantonale Vaudoise now owns 2,000 shares of the technology company’s stock valued at $64,000 after buying an additional 1,000 shares in the last quarter. Twin Tree Management LP lifted its stake in Nutanix by 174.3% during the fourth quarter. Twin Tree Management LP now owns 3,130 shares of the technology company’s stock valued at $100,000 after buying an additional 1,989 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in Nutanix during the fourth quarter valued at about $112,000. 66.96% of the stock is owned by institutional investors.

Shares of NASDAQ NTNX traded up $0.73 during trading on Friday, reaching $27.99. 28,589 shares of the stock were exchanged, compared to its average volume of 1,821,854. The business’s 50-day moving average price is $28.54 and its 200 day moving average price is $28.45. Nutanix has a twelve month low of $15.63 and a twelve month high of $35.58. The company has a market capitalization of $5.72 billion, a price-to-earnings ratio of -5.93 and a beta of 1.97.

About Nutanix

Nutanix, Inc develops and provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers Acropolis, an enterprise cloud platform that converges virtualization, enterprise storage services, and networking services; Nutanix Prism, a consumer-grade control plane, which provides management and analytics; and Acropolis Hypervisor, an enterprise-grade virtualization solution.

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