Zacks: Analysts Anticipate VMware, Inc. (NYSE:VMW) Will Announce Earnings of $2.05 Per Share


Share on StockTwits

Equities analysts expect VMware, Inc. (NYSE:VMW) to post earnings of $2.05 per share for the current fiscal quarter, according to Zacks Investment Research. Twelve analysts have made estimates for VMware’s earnings, with the lowest EPS estimate coming in at $2.03 and the highest estimate coming in at $2.10. VMware also posted earnings of $2.05 per share in the same quarter last year. The firm is expected to issue its next earnings report after the market closes on Thursday, February 25th.

According to Zacks, analysts expect that VMware will report full year earnings of $7.05 per share for the current financial year, with EPS estimates ranging from $7.02 to $7.10. For the next year, analysts expect that the company will post earnings of $7.00 per share, with EPS estimates ranging from $6.60 to $8.01. Zacks’ earnings per share averages are an average based on a survey of research firms that follow VMware.

VMware (NYSE:VMW) last issued its quarterly earnings data on Monday, November 23rd. The virtualization software provider reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.22. The company had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.81 billion. VMware had a return on equity of 27.10% and a net margin of 13.75%. During the same period in the prior year, the business posted $1.16 earnings per share.

VMW has been the subject of several analyst reports. Barclays lowered their price objective on VMware from $187.00 to $180.00 and set an “overweight” rating for the company in a research report on Wednesday, November 25th. Zacks Investment Research cut VMware from a “hold” rating to a “strong sell” rating and set a $117.00 price target on the stock. in a research note on Tuesday, February 2nd. BMO Capital Markets cut VMware from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $157.00 to $148.00 in a research note on Wednesday, January 13th. Piper Sandler upped their price target on VMware from $170.00 to $179.00 in a research note on Wednesday, November 25th. Finally, Cleveland Research cut VMware from a “buy” rating to a “neutral” rating in a research note on Thursday, February 11th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and sixteen have assigned a buy rating to the stock. VMware has an average rating of “Buy” and an average price target of $166.91.

In other VMware news, COO Rangarajan (Raghu) Raghuram sold 5,942 shares of the firm’s stock in a transaction on Friday, February 5th. The stock was sold at an average price of $145.62, for a total value of $865,274.04. Following the sale, the chief operating officer now directly owns 197,975 shares in the company, valued at $28,829,119.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 28.50% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of VMW. IFP Advisors Inc raised its stake in VMware by 146.7% in the third quarter. IFP Advisors Inc now owns 185 shares of the virtualization software provider’s stock valued at $26,000 after buying an additional 110 shares in the last quarter. RWM Asset Management LLC acquired a new stake in VMware in the fourth quarter valued at $33,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in VMware in the fourth quarter valued at $33,000. Bartlett & Co. LLC raised its stake in VMware by 525.0% in the fourth quarter. Bartlett & Co. LLC now owns 250 shares of the virtualization software provider’s stock valued at $35,000 after buying an additional 210 shares in the last quarter. Finally, NEXT Financial Group Inc acquired a new stake in VMware in the third quarter valued at $36,000. Institutional investors own 16.90% of the company’s stock.

VMware stock traded down $0.46 during mid-day trading on Tuesday, hitting $143.41. The company’s stock had a trading volume of 32,856 shares, compared to its average volume of 1,692,995. The firm has a market capitalization of $60.20 billion, a PE ratio of 38.10, a price-to-earnings-growth ratio of 1.94 and a beta of 0.87. VMware has a 1 year low of $86.00 and a 1 year high of $161.95. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.59. The stock’s fifty day moving average is $140.66 and its two-hundred day moving average is $118.06.

About VMware

VMware, Inc provides software in the areas of hybrid cloud, multi-cloud, modern applications, networking and security, and digital workspaces in the United States and internationally. It 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; and cloud management products for businesses with automated operation, programmable provisioning, and application monitoring solutions.

Recommended Story: What economic reports are most valuable to investors?

Get a free copy of the Zacks research report on VMware (VMW)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for VMware (NYSE:VMW)

Receive News & Ratings for VMware Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VMware and related companies with MarketBeat.com's FREE daily email newsletter.