Nutanix Inc (NTNX) Expected to Post Earnings of -$0.20 Per Share

Analysts expect Nutanix Inc (NASDAQ:NTNX) to report earnings of ($0.20) per share for the current fiscal quarter, Zacks reports. Nine analysts have made estimates for Nutanix’s earnings, with the highest EPS estimate coming in at ($0.19) and the lowest estimate coming in at ($0.20). Nutanix posted earnings per share of ($0.42) in the same quarter last year, which indicates a positive year over year growth rate of 52.4%. The company is scheduled to issue its next earnings report on Thursday, May 24th.

According to Zacks, analysts expect that Nutanix will report full-year earnings of ($0.64) per share for the current fiscal year, with EPS estimates ranging from ($0.69) to ($0.58). For the next fiscal year, analysts anticipate that the business will report earnings of ($0.22) per share, with EPS estimates ranging from ($0.35) to $0.02. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Nutanix.

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Nutanix (NASDAQ:NTNX) last posted its quarterly earnings data on Thursday, March 1st. The technology company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.06. The company had revenue of $286.70 million for the quarter, compared to the consensus estimate of $283.22 million. Nutanix had a negative return on equity of 196.67% and a negative net margin of 33.34%. Nutanix’s revenue for the quarter was up 44.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.28) EPS.

Several research analysts have recently commented on NTNX shares. Royal Bank of Canada reiterated a “buy” rating and issued a $40.00 target price on shares of Nutanix in a research report on Friday, December 1st. Needham & Company LLC lifted their target price on Nutanix from $45.00 to $48.00 and gave the stock a “buy” rating in a research report on Friday, December 1st. Maxim Group lifted their target price on Nutanix from $39.00 to $51.00 and gave the stock a “buy” rating in a research report on Friday, December 1st. Piper Jaffray Companies reiterated a “buy” rating and issued a $40.00 target price on shares of Nutanix in a research report on Friday, December 1st. Finally, Zacks Investment Research upgraded Nutanix from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research report on Wednesday, December 6th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $46.52.

In other Nutanix news, VP Kenneth W. Long III sold 60,000 shares of the business’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $35.87, for a total transaction of $2,152,200.00. Following the completion of the transaction, the vice president now owns 176,171 shares in the company, valued at approximately $6,319,253.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP David Sangster sold 6,625 shares of the business’s stock in a transaction on Monday, March 19th. The stock was sold at an average price of $52.66, for a total value of $348,872.50. Following the transaction, the executive vice president now owns 12,500 shares of the company’s stock, valued at approximately $658,250. The disclosure for this sale can be found here. Insiders have sold a total of 2,645,160 shares of company stock valued at $101,996,929 in the last 90 days. Insiders own 19.81% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. boosted its position in Nutanix by 89.6% during the 4th quarter. BlackRock Inc. now owns 5,875,339 shares of the technology company’s stock worth $207,282,000 after acquiring an additional 2,776,194 shares during the period. Cramer Rosenthal Mcglynn LLC boosted its position in Nutanix by 124.9% during the 4th quarter. Cramer Rosenthal Mcglynn LLC now owns 1,473,512 shares of the technology company’s stock worth $51,986,000 after acquiring an additional 818,378 shares during the period. Contour Asset Management LLC acquired a new position in Nutanix during the 4th quarter worth $35,868,000. Trinity Street Asset Management LLP acquired a new position in Nutanix during the 4th quarter worth $29,363,000. Finally, Teachers Advisors LLC boosted its position in Nutanix by 30.1% during the 4th quarter. Teachers Advisors LLC now owns 787,025 shares of the technology company’s stock worth $27,766,000 after acquiring an additional 182,284 shares during the period. Institutional investors own 44.26% of the company’s stock.

Shares of NTNX stock traded down $2.95 on Wednesday, hitting $49.92. The stock had a trading volume of 7,998,609 shares, compared to its average volume of 6,660,766. The firm has a market cap of $8,481.62, a price-to-earnings ratio of -23.22 and a beta of 2.13. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 1.38. Nutanix has a one year low of $14.38 and a one year high of $55.25.

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About Nutanix

Nutanix, Inc is a United States-based company, which provides an enterprise cloud platform that converges silos of server, virtualization and storage into an integrated solution. The Company’s enterprise cloud platform connects to public cloud services. It has operations in the United States; Europe, the Middle East and Africa; Asia-Pacific, and Other Americas.

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Earnings History and Estimates for Nutanix (NASDAQ:NTNX)

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