Analysts Anticipate Nutanix Inc (NASDAQ:NTNX) Will Announce Earnings of -$0.69 Per Share

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Wall Street analysts expect that Nutanix Inc (NASDAQ:NTNX) will announce ($0.69) earnings per share for the current fiscal quarter, Zacks reports. Eight analysts have issued estimates for Nutanix’s earnings. The highest EPS estimate is ($0.65) and the lowest is ($0.70). Nutanix reported earnings per share of ($0.23) during the same quarter last year, which would indicate a negative year over year growth rate of 200%. The company is scheduled to issue its next quarterly earnings report on Thursday, February 27th.

On average, analysts expect that Nutanix will report full-year earnings of ($2.87) per share for the current fiscal year, with EPS estimates ranging from ($3.04) to ($2.75). For the next fiscal year, analysts forecast that the firm will report earnings of ($2.49) per share, with EPS estimates ranging from ($3.49) to ($2.11). Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Nutanix.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings data on Monday, November 25th. The technology company reported ($0.71) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.13) by $0.42. The company had revenue of $314.80 million during the quarter, compared to analyst estimates of $306.42 million. Nutanix had a negative net margin of 61.10% and a negative return on equity of 236.32%. The business’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter last year, the firm posted ($0.13) EPS.

A number of analysts recently weighed in on NTNX shares. Piper Jaffray Companies raised their target price on shares of Nutanix from $29.00 to $35.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Royal Bank of Canada dropped their price target on Nutanix from $39.00 to $32.00 and set an “outperform” rating on the stock in a report on Wednesday, August 28th. Wells Fargo & Co upped their price target on Nutanix from $25.00 to $38.00 and gave the company a “market perform” rating in a report on Tuesday, November 26th. OTR Global upgraded Nutanix to a “positive” rating in a research report on Wednesday, November 20th. Finally, Maxim Group raised their price objective on Nutanix from $48.00 to $52.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Nine investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $40.44.

In other news, COO David Sangster sold 5,852 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $26.71, for a total value of $156,306.92. Following the transaction, the chief operating officer now owns 32,703 shares in the company, valued at approximately $873,497.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Dheeraj Pandey sold 9,489 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $26.71, for a total transaction of $253,451.19. Following the completion of the sale, the chief executive officer now directly owns 250,975 shares of the company’s stock, valued at $6,703,542.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 150,244 shares of company stock worth $5,092,374. Corporate insiders own 9.79% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in NTNX. Millennium Management LLC lifted its position in Nutanix by 27,099.3% in the 3rd quarter. Millennium Management LLC now owns 1,160,971 shares of the technology company’s stock worth $30,475,000 after buying an additional 1,165,271 shares in the last quarter. Squarepoint Ops LLC purchased a new position in shares of Nutanix during the 3rd quarter valued at $1,711,000. Granahan Investment Management Inc. MA grew its holdings in shares of Nutanix by 41.3% during the 3rd quarter. Granahan Investment Management Inc. MA now owns 116,853 shares of the technology company’s stock valued at $3,067,000 after acquiring an additional 34,141 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Nutanix by 1.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 43,879 shares of the technology company’s stock valued at $1,152,000 after acquiring an additional 709 shares in the last quarter. Finally, California State Teachers Retirement System increased its stake in shares of Nutanix by 1.4% in the third quarter. California State Teachers Retirement System now owns 225,793 shares of the technology company’s stock worth $5,927,000 after acquiring an additional 3,107 shares during the last quarter. 65.58% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ NTNX opened at $36.15 on Friday. Nutanix has a 12 month low of $17.74 and a 12 month high of $54.68. The company has a market capitalization of $6.83 billion, a P/E ratio of -11.37 and a beta of 1.44. The company’s 50 day simple moving average is $29.41 and its 200 day simple moving average is $26.58. The company has a debt-to-equity ratio of 2.46, a current ratio of 2.13 and a quick ratio of 2.13.

About Nutanix

Nutanix, Inc, together with its subsidiaries, develops and provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. Its solution addresses a range of workloads, including enterprise applications, databases, virtual desktop infrastructure, unified communications, and big data analytics.

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Earnings History and Estimates for Nutanix (NASDAQ:NTNX)

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