$1.50 EPS Expected for VMware, Inc. (VMW) This Quarter

Equities analysts expect VMware, Inc. (NYSE:VMW) to post earnings of $1.50 per share for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for VMware’s earnings, with the highest EPS estimate coming in at $1.52 and the lowest estimate coming in at $1.49. VMware posted earnings per share of $1.34 in the same quarter last year, which would indicate a positive year over year growth rate of 11.9%. The firm is scheduled to announce its next quarterly earnings report on Thursday, November 29th.

On average, analysts expect that VMware will report full-year earnings of $6.13 per share for the current financial year, with EPS estimates ranging from $5.98 to $6.19. For the next fiscal year, analysts anticipate that the firm will post earnings of $6.50 per share, with EPS estimates ranging from $6.34 to $6.73. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow VMware.

VMware (NYSE:VMW) last released its quarterly earnings results on Thursday, August 23rd. The virtualization software provider reported $1.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.05. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.15 billion. VMware had a net margin of 18.77% and a return on equity of 20.00%. VMware’s revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.19 earnings per share.

A number of equities research analysts recently issued reports on the stock. BMO Capital Markets upped their price target on shares of VMware from $155.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday, July 3rd. Barclays reaffirmed an “overweight” rating and set a $172.00 price target (up previously from $160.00) on shares of VMware in a research note on Tuesday, July 3rd. TheStreet downgraded shares of VMware from a “b” rating to a “c” rating in a research note on Friday, June 1st. Robert W. Baird reissued a “buy” rating and issued a $163.00 target price on shares of VMware in a research note on Friday, June 1st. Finally, Jefferies Financial Group increased their target price on shares of VMware to $185.00 and gave the company a “positive” rating in a research note on Monday, July 2nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seventeen have issued a buy rating to the company. VMware presently has a consensus rating of “Buy” and a consensus target price of $155.35.

In other news, insider P. Kevan Krysler sold 4,984 shares of the company’s stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $152.28, for a total value of $758,963.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Amy Fliegelman Olli sold 1,500 shares of the company’s stock in a transaction dated Thursday, September 20th. The stock was sold at an average price of $152.77, for a total transaction of $229,155.00. Following the completion of the transaction, the vice president now owns 30,930 shares in the company, valued at $4,725,176.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 135,002 shares of company stock worth $21,015,746. Company insiders own 29.90% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Royal London Asset Management Ltd. bought a new position in shares of VMware in the second quarter worth about $4,399,000. Northern Trust Corp grew its holdings in VMware by 1.8% during the 2nd quarter. Northern Trust Corp now owns 586,242 shares of the virtualization software provider’s stock worth $86,160,000 after acquiring an additional 10,489 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in VMware by 1.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 47,089 shares of the virtualization software provider’s stock worth $6,921,000 after acquiring an additional 877 shares in the last quarter. Physicians Financial Services Inc. bought a new position in VMware during the 2nd quarter worth about $206,000. Finally, Andra AP fonden bought a new position in VMware during the 2nd quarter worth about $6,775,000. Hedge funds and other institutional investors own 20.10% of the company’s stock.

VMware stock traded up $1.39 during mid-day trading on Monday, reaching $153.48. 837,800 shares of the company’s stock traded hands, compared to its average volume of 2,146,620. The company has a market cap of $62.16 billion, a price-to-earnings ratio of 39.76, a PEG ratio of 2.43 and a beta of 0.57. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.41. VMware has a 12-month low of $107.12 and a 12-month high of $165.00.

About VMware

VMware, Inc provides compute, cloud, mobility, networking, and security infrastructure software to businesses in the United States and internationally. The company 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; storage and availability products that provide data storage and protection options; network and security products; and cloud management and automation products to manage and automate overarching IT processes involved in provisioning IT services and resources to users from initial infrastructure deployment to retirement.

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