Equities analysts expect Nvidia (NASDAQ:NVDA) to announce sales of $2.91 billion for the current quarter, according to Zacks Investment Research. Ten analysts have made estimates for Nvidia’s earnings, with the highest sales estimate coming in at $2.96 billion and the lowest estimate coming in at $2.90 billion. Nvidia reported sales of $1.94 billion during the same quarter last year, which suggests a positive year over year growth rate of 50%. The company is expected to issue its next earnings results on Tuesday, May 8th.
According to Zacks, analysts expect that Nvidia will report full-year sales of $2.91 billion for the current financial year, with estimates ranging from $11.05 billion to $13.37 billion. For the next financial year, analysts anticipate that the business will post sales of $14.08 billion per share, with estimates ranging from $11.00 billion to $15.57 billion. Zacks’ sales calculations are an average based on a survey of research firms that follow Nvidia.
Nvidia (NASDAQ:NVDA) last posted its earnings results on Thursday, February 8th. The computer hardware maker reported $1.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.56. Nvidia had a net margin of 31.36% and a return on equity of 45.02%. The company had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.67 billion. During the same period in the prior year, the business posted $1.13 earnings per share. Nvidia’s revenue for the quarter was up 34.0% on a year-over-year basis.
NVDA stock traded down $7.13 during trading on Wednesday, reaching $214.25. The company had a trading volume of 16,554,143 shares, compared to its average volume of 16,242,387. Nvidia has a 52 week low of $95.49 and a 52 week high of $254.50. The company has a market cap of $133,934.91, a P/E ratio of 45.88, a PEG ratio of 3.48 and a beta of 1.51. The company has a debt-to-equity ratio of 0.27, a current ratio of 8.03 and a quick ratio of 7.34.
The company also recently declared a quarterly dividend, which was paid on Friday, March 16th. Investors of record on Friday, February 23rd were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.28%. The ex-dividend date of this dividend was Thursday, February 22nd. Nvidia’s dividend payout ratio (DPR) is currently 12.85%.
In related news, EVP Debora Shoquist sold 32,049 shares of the firm’s stock in a transaction that occurred on Tuesday, March 27th. The shares were sold at an average price of $239.45, for a total value of $7,674,133.05. Following the sale, the executive vice president now owns 201,796 shares in the company, valued at $48,320,052.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Persis Drell sold 5,141 shares of the firm’s stock in a transaction that occurred on Wednesday, March 28th. The stock was sold at an average price of $220.73, for a total transaction of $1,134,772.93. Following the completion of the sale, the director now owns 20,963 shares in the company, valued at approximately $4,627,162.99. The disclosure for this sale can be found here. Insiders have sold 94,959 shares of company stock valued at $22,692,182 in the last three months. 5.82% of the stock is owned by insiders.
A number of hedge funds have recently modified their holdings of the stock. Chemical Bank boosted its holdings in Nvidia by 12.7% in the fourth quarter. Chemical Bank now owns 4,868 shares of the computer hardware maker’s stock worth $941,000 after purchasing an additional 550 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in Nvidia by 12.1% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 115,631 shares of the computer hardware maker’s stock worth $22,375,000 after purchasing an additional 12,443 shares during the last quarter. Certified Advisory Corp purchased a new stake in Nvidia in the fourth quarter worth approximately $241,000. Xact Kapitalforvaltning AB boosted its holdings in Nvidia by 7.6% in the fourth quarter. Xact Kapitalforvaltning AB now owns 111,217 shares of the computer hardware maker’s stock worth $21,520,000 after purchasing an additional 7,854 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Nvidia by 4.5% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 419,071 shares of the computer hardware maker’s stock worth $81,090,000 after purchasing an additional 18,151 shares during the last quarter. Institutional investors own 66.94% of the company’s stock.
WARNING: This story was originally reported by Ticker Report and is owned by of Ticker Report. If you are viewing this story on another website, it was stolen and republished in violation of United States & international copyright and trademark law. The legal version of this story can be read at https://www.tickerreport.com/banking-finance/3339046/2-91-billion-in-sales-expected-for-nvidia-nvda-this-quarter.html.
NVIDIA Corporation operates as a visual computing company worldwide. It operates through two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for AI utilizing deep learning, accelerated computing, and general purpose computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Nvidia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nvidia and related companies with MarketBeat.com's FREE daily email newsletter.