Equities analysts expect NVIDIA Corporation (NASDAQ:NVDA) to announce earnings per share (EPS) of $0.69 for the current quarter, Zacks Investment Research reports. Eleven analysts have made estimates for NVIDIA Corporation’s earnings, with the lowest EPS estimate coming in at $0.66 and the highest estimate coming in at $0.72. NVIDIA Corporation reported earnings of $0.44 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 56.8%. The firm is scheduled to report its next earnings results on Thursday, August 10th.
On average, analysts expect that NVIDIA Corporation will report full year earnings of $3.08 per share for the current year, with EPS estimates ranging from $2.87 to $3.22. For the next financial year, analysts anticipate that the firm will post earnings of $3.45 per share, with EPS estimates ranging from $2.71 to $4.01. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for NVIDIA Corporation.
NVIDIA Corporation (NASDAQ:NVDA) last posted its earnings results on Tuesday, May 9th. The computer hardware maker reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.16. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.91 billion. NVIDIA Corporation had a return on equity of 36.40% and a net margin of 25.95%. The firm’s revenue was up 48.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.46 EPS.
A number of analysts recently commented on the company. Argus lifted their price target on NVIDIA Corporation from $140.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, June 9th. Bank of America Corporation reiterated a “buy” rating and set a $185.00 price target (up from $155.00) on shares of NVIDIA Corporation in a report on Friday, June 9th. Royal Bank Of Canada reiterated an “outperform” rating and set a $175.00 price target on shares of NVIDIA Corporation in a report on Thursday, June 22nd. Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of NVIDIA Corporation in a report on Tuesday, June 20th. Finally, Raymond James Financial, Inc. reiterated an “outperform” rating and set a $175.00 price target on shares of NVIDIA Corporation in a report on Friday, June 16th. Six research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $123.99.
In other NVIDIA Corporation news, Director Harvey C. Jones sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $150.84, for a total transaction of $7,542,000.00. Following the completion of the transaction, the director now owns 30,762 shares of the company’s stock, valued at approximately $4,640,140.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Harvey C. Jones sold 145,520 shares of the company’s stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $159.31, for a total value of $23,182,791.20. Following the transaction, the director now directly owns 30,762 shares of the company’s stock, valued at approximately $4,900,694.22. The disclosure for this sale can be found here. Insiders have sold a total of 522,282 shares of company stock valued at $78,275,082 in the last ninety days. 5.17% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC raised its position in NVIDIA Corporation by 17.5% in the first quarter. Quadrant Capital Group LLC now owns 1,055 shares of the computer hardware maker’s stock worth $105,000 after buying an additional 157 shares during the last quarter. Proficio Capital Partners LLC raised its position in NVIDIA Corporation by 186.1% in the first quarter. Proficio Capital Partners LLC now owns 841 shares of the computer hardware maker’s stock worth $117,000 after buying an additional 547 shares during the last quarter. Coconut Grove Bank raised its position in NVIDIA Corporation by 683.9% in the first quarter. Coconut Grove Bank now owns 1,215 shares of the computer hardware maker’s stock worth $132,000 after buying an additional 1,060 shares during the last quarter. TrimTabs Asset Management LLC raised its position in NVIDIA Corporation by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 1,598 shares of the computer hardware maker’s stock worth $174,000 after buying an additional 752 shares during the last quarter. Finally, State of Alaska Department of Revenue acquired a new position in NVIDIA Corporation during the first quarter worth approximately $182,000. 70.10% of the stock is owned by institutional investors and hedge funds.
NVIDIA Corporation (NVDA) traded down 3.62% on Thursday, hitting $139.33. The company had a trading volume of 17,726,821 shares. The stock has a 50 day moving average of $145.38 and a 200-day moving average of $115.28. The stock has a market capitalization of $82.90 billion, a PE ratio of 46.77 and a beta of 1.23. NVIDIA Corporation has a one year low of $46.03 and a one year high of $168.50.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 14th. Shareholders of record on Tuesday, May 23rd were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date was Friday, May 19th. NVIDIA Corporation’s payout ratio is 18.60%.
About NVIDIA Corporation
Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at specialized markets, including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.
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