|Zacks: Analysts Expect VMware, Inc. (VMW) to Announce $0.65 EPS)|
April 18th, 2017
By Amy Steele
Brokerages expect VMware, Inc. (NYSE:VMW) to report $0.65 earnings per share (EPS) for the current fiscal quarter, Zacks Investent Research reports. Four analysts have provided estimates for VMware’s earnings. The lowest EPS estimate is $0.63 and the highest is $0.67. VMware reported earnings of $0.57 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 14%. The firm is scheduled to report its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that VMware will report full-year earnings of $3.57 per share for the current financial year, with EPS estimates ranging from $3.48 to $3.66. For the next fiscal year, analysts anticipate that the firm will post earnings of $4.05 per share, with EPS estimates ranging from $3.96 to $4.26. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover VMware.
VMware (NYSE:VMW) last announced its quarterly earnings data on Thursday, January 26th. The virtualization software provider reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.03. VMware had a return on equity of 16.31% and a net margin of 16.72%. The company earned $2.03 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter in the prior year, the firm earned $1.26 EPS. The company’s quarterly revenue was up 8.7% compared to the same quarter last year.
A number of research analysts have commented on VMW shares. Drexel Hamilton raised their price target on shares of VMware to $105.00 in a research note on Friday, January 27th. Oppenheimer Holdings Inc. set a $94.00 price target on shares of VMware and gave the stock a “buy” rating in a research note on Thursday, January 26th. Jefferies Group LLC raised their price target on shares of VMware from $91.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, January 27th. MKM Partners restated a “buy” rating and set a $100.00 price target (up previously from $84.00) on shares of VMware in a research note on Tuesday, January 31st. Finally, Zacks Investment Research upgraded shares of VMware from a “hold” rating to a “buy” rating and set a $103.00 price target for the company in a research note on Monday, April 3rd. One investment analyst has rated the stock with a sell rating, twenty-one have given a hold rating and eighteen have issued a buy rating to the company’s stock. VMware presently has a consensus rating of “Hold” and an average target price of $86.39.
Shares of VMware ( NYSE:VMW) traded up 0.39% during midday trading on Thursday, hitting $91.69. The stock had a trading volume of 1,337,287 shares. VMware has a 52 week low of $51.23 and a 52 week high of $93.05. The stock has a 50-day moving average of $91.07 and a 200 day moving average of $83.37. The stock has a market cap of $37.47 billion, a PE ratio of 33.01 and a beta of 0.97.
In other news, COO Sanjay Poonen sold 1,889 shares of VMware stock in a transaction on Monday, March 6th. The shares were sold at an average price of $89.04, for a total transaction of $168,196.56. Following the transaction, the chief operating officer now directly owns 182,569 shares of the company’s stock, valued at $16,255,943.76. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.52% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. Dodge & Cox bought a new stake in VMware during the fourth quarter valued at approximately $745,926,000. Investec Asset Management LTD boosted its stake in VMware by 70.1% in the fourth quarter. Investec Asset Management LTD now owns 2,625,594 shares of the virtualization software provider’s stock valued at $206,713,000 after buying an additional 1,082,314 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in VMware by 2.0% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,120,509 shares of the virtualization software provider’s stock valued at $155,539,000 after buying an additional 41,121 shares in the last quarter. DnB Asset Management AS boosted its stake in VMware by 49.2% in the third quarter. DnB Asset Management AS now owns 1,146,076 shares of the virtualization software provider’s stock valued at $84,065,000 after buying an additional 377,839 shares in the last quarter. Finally, Panagora Asset Management Inc. boosted its stake in VMware by 31.5% in the third quarter. Panagora Asset Management Inc. now owns 1,098,317 shares of the virtualization software provider’s stock valued at $80,562,000 after buying an additional 263,069 shares in the last quarter. 21.88% of the stock is currently owned by institutional investors and hedge funds.
VMware, Inc is an information technology (IT) company. The Company is engaged in development and application of virtualization technologies with x86 server-based computing, separating application software from the underlying hardware. The Company offers various products, which allow organizations to manage IT resources across private clouds and multi-cloud, multi-device environments by leveraging synergies across three product categories: Software-Defined Data Center (SDDC), Hybrid Cloud Computing and End-User Computing (EUC).