Zacks: Analysts Anticipate VMware, Inc. (NYSE:VMW) Will Announce Quarterly Sales of $3.23 Billion


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Brokerages expect VMware, Inc. (NYSE:VMW) to report sales of $3.23 billion for the current quarter, according to Zacks Investment Research. Twelve analysts have made estimates for VMware’s earnings. The lowest sales estimate is $3.22 billion and the highest is $3.29 billion. VMware posted sales of $3.07 billion during the same quarter last year, which would indicate a positive year over year growth rate of 5.2%. The business is scheduled 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 sales of $11.71 billion for the current financial year, with estimates ranging from $11.70 billion to $11.76 billion. For the next year, analysts anticipate that the firm will report sales of $12.69 billion, with estimates ranging from $12.50 billion to $13.03 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for VMware.

VMware (NYSE:VMW) last announced its earnings results on Monday, November 23rd. The virtualization software provider reported $1.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.44 by $0.22. VMware had a return on equity of 27.10% and a net margin of 13.75%. The business had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.81 billion. During the same quarter last year, the business posted $1.16 earnings per share.

A number of equities analysts recently weighed in on VMW shares. UBS Group decreased their price target on VMware from $152.00 to $145.00 and set a “neutral” rating for the company in a research report on Thursday, January 14th. Mizuho decreased their price target on VMware from $152.00 to $147.00 and set a “neutral” rating for the company in a research report on Wednesday, November 25th. The Goldman Sachs Group started coverage on VMware in a research report on Thursday, January 21st. They issued a “neutral” rating and a $150.00 price target for the company. Piper Sandler increased their price target on VMware from $170.00 to $179.00 in a research report on Wednesday, November 25th. Finally, BMO Capital Markets lowered VMware from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $157.00 to $148.00 in a research report on Wednesday, January 13th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and sixteen have issued a buy rating to the company. VMware has an average rating of “Buy” and a consensus 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 that occurred 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 owns 197,975 shares of the company’s stock, valued at approximately $28,829,119.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 28.50% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Summit X LLC acquired a new stake in VMware in the 3rd quarter valued at approximately $58,000. Silver Lake Advisory LLC acquired a new stake in shares of VMware during the 4th quarter worth approximately $2,105,000. IFP Advisors Inc grew its holdings in shares of VMware by 146.7% during the 3rd quarter. IFP Advisors Inc now owns 185 shares of the virtualization software provider’s stock worth $26,000 after purchasing an additional 110 shares in the last quarter. RWM Asset Management LLC acquired a new stake in shares of VMware during the 4th quarter worth approximately $33,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of VMware during the 4th quarter worth approximately $33,000. 16.90% of the stock is currently owned by hedge funds and other institutional investors.

VMW stock traded down $0.46 during trading hours on Thursday, hitting $143.41. 32,856 shares of the stock traded hands, compared to its average volume of 1,692,995. The stock has a 50-day simple moving average of $140.66 and a 200 day simple moving average of $118.06. VMware has a one year low of $86.00 and a one year high of $161.95. The company has a market cap of $60.20 billion, a P/E ratio of 38.10, a P/E/G ratio of 1.94 and a beta of 0.87. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.59.

VMware Company Profile

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.

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