$2.91 Billion in Sales Expected for Nvidia (NVDA) This Quarter

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.

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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.

A number of equities analysts recently issued reports on NVDA shares. Vetr downgraded shares of Nvidia from a “strong-buy” rating to a “buy” rating and set a $220.79 price target for the company. in a research note on Monday, December 18th. Goldman Sachs reissued a “buy” rating and issued a $228.00 price target on shares of Nvidia in a research note on Friday, January 5th. B. Riley reissued a “buy” rating and issued a $270.00 price target on shares of Nvidia in a research note on Monday, January 8th. BidaskClub raised shares of Nvidia from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 11th. Finally, Zacks Investment Research downgraded shares of Nvidia from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 15th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. Nvidia currently has an average rating of “Buy” and an average price target of $217.16.

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.

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About Nvidia

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.

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Earnings History and Estimates for Nvidia (NASDAQ:NVDA)

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