Analysts forecast that VMware, Inc. (NYSE:VMW) will post earnings of $1.63 per share for the current quarter, according to Zacks. Ten analysts have made estimates for VMware’s earnings, with estimates ranging from $1.62 to $1.64. The company is expected to report its next quarterly earnings results after the market closes on Thursday, March 1st.
According to Zacks, analysts expect that VMware will report full year earnings of $5.14 per share for the current fiscal year, with EPS estimates ranging from $5.12 to $5.16. For the next fiscal year, analysts expect that the firm will post earnings of $5.57 per share, with EPS estimates ranging from $5.40 to $5.78. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover VMware.
VMware (NYSE:VMW) last issued its earnings results on Thursday, November 30th. The virtualization software provider reported $1.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.07. The business had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.97 billion. VMware had a net margin of 18.97% and a return on equity of 18.57%. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.14 earnings per share.
Shares of VMware (VMW) traded up $0.19 during trading hours on Thursday, hitting $128.85. 2,095,689 shares of the stock traded hands, compared to its average volume of 3,970,000. The company has a current ratio of 2.86, a quick ratio of 2.86 and a debt-to-equity ratio of 0.51. VMware has a 1-year low of $85.45 and a 1-year high of $165.00. The stock has a market capitalization of $51,940.00, a P/E ratio of 36.81, a price-to-earnings-growth ratio of 2.62 and a beta of 0.81.
In other news, EVP Maurizio Carli sold 2,581 shares of VMware stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $129.88, for a total transaction of $335,220.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Sanjay Poonen sold 2,764 shares of VMware stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $118.50, for a total transaction of $327,534.00. Following the sale, the chief operating officer now owns 189,391 shares of the company’s stock, valued at $22,442,833.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,726 shares of company stock valued at $4,774,927. 34.40% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Clearbridge Investments LLC grew its holdings in shares of VMware by 6.2% during the fourth quarter. Clearbridge Investments LLC now owns 3,127,595 shares of the virtualization software provider’s stock worth $391,950,000 after buying an additional 183,127 shares in the last quarter. Investec Asset Management LTD grew its holdings in shares of VMware by 0.5% during the third quarter. Investec Asset Management LTD now owns 2,682,460 shares of the virtualization software provider’s stock worth $292,898,000 after buying an additional 13,318 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of VMware by 19.9% during the fourth quarter. Renaissance Technologies LLC now owns 2,656,100 shares of the virtualization software provider’s stock worth $332,862,000 after buying an additional 441,500 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of VMware by 2.6% during the third quarter. JPMorgan Chase & Co. now owns 2,379,344 shares of the virtualization software provider’s stock worth $259,824,000 after buying an additional 59,923 shares in the last quarter. Finally, APG Asset Management N.V. grew its holdings in shares of VMware by 13.1% during the fourth quarter. APG Asset Management N.V. now owns 2,312,412 shares of the virtualization software provider’s stock worth $241,332,000 after buying an additional 267,491 shares in the last quarter. Institutional investors and hedge funds own 21.60% of the company’s stock.
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VMware Company Profile
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).
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