$1.57 EPS Expected for VMware, Inc. (NYSE:VMW) This Quarter

Wall Street brokerages forecast that VMware, Inc. (NYSE:VMW – Get Rating) will report earnings per share of $1.57 for the current quarter, according to Zacks Investment Research. Twelve analysts have made estimates for VMware’s earnings. The highest EPS estimate is $1.62 and the lowest is $1.54. VMware posted earnings per share of $1.76 in the same quarter last year, which would indicate a negative year over year growth rate of 10.8%. The company is scheduled to report its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that VMware will report full-year earnings of $7.03 per share for the current financial year, with EPS estimates ranging from $6.88 to $7.29. For the next financial year, analysts forecast that the business will post earnings of $7.74 per share, with EPS estimates ranging from $7.30 to $8.22. Zacks’ EPS calculations are an average based on a survey of research firms that follow VMware.

VMware (NYSE:VMW – Get Rating) last announced its quarterly earnings results on Thursday, February 24th. The virtualization software provider reported $1.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.44 by ($0.04). The firm had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.52 billion. VMware had a net margin of 14.16% and a return on equity of 30.03%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.61 EPS.

A number of equities research analysts have issued reports on the company. Oppenheimer decreased their target price on VMware from $148.00 to $135.00 and set an “outperform” rating for the company in a research report on Friday, February 25th. Citigroup cut VMware from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $177.00 to $140.00 in a research report on Monday, January 24th. The Goldman Sachs Group decreased their target price on VMware from $136.00 to $119.00 and set a “neutral” rating for the company in a research report on Friday, February 25th. Barclays cut their price target on VMware from $140.00 to $135.00 in a report on Friday, February 25th. Finally, JPMorgan Chase & Co. cut their price target on VMware from $160.00 to $115.00 and set an “overweight” rating for the company in a report on Friday, February 25th. Nine analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $143.77.

In other VMware news, CFO Zane Rowe sold 34,172 shares of the stock in a transaction on Monday, April 4th. The shares were sold at an average price of $114.61, for a total value of $3,916,452.92. Following the sale, the chief financial officer now directly owns 171,042 shares in the company, valued at $19,603,123.62. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Jean Pierre Brulard sold 7,656 shares of the stock in a transaction on Friday, April 1st. The stock was sold at an average price of $114.04, for a total transaction of $873,090.24. Following the completion of the sale, the executive vice president now owns 79,485 shares in the company, valued at $9,064,469.40. The disclosure for this sale can be found here. Insiders own 27.80% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Counterpoint Mutual Funds LLC acquired a new stake in VMware in the fourth quarter worth $25,000. SOA Wealth Advisors LLC. bought a new stake in shares of VMware during the fourth quarter worth $26,000. Destiny Wealth Partners LLC bought a new stake in shares of VMware during the third quarter worth $34,000. Tompkins Financial Corp bought a new stake in shares of VMware during the fourth quarter worth $31,000. Finally, CVA Family Office LLC bought a new stake in shares of VMware during the fourth quarter worth $31,000. Institutional investors own 67.43% of the company’s stock.

VMware stock traded down $0.52 during trading hours on Friday, reaching $113.73. 1,069,228 shares of the company were exchanged, compared to its average volume of 1,337,957. The firm has a market cap of $47.89 billion, a price-to-earnings ratio of 26.39, a PEG ratio of 1.87 and a beta of 0.68. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.90. The stock has a 50-day moving average of $117.49 and a 200 day moving average of $124.29. VMware has a 12 month low of $107.57 and a 12 month high of $172.00.

VMware Company Profile (Get Rating)

VMware, Inc provides software in the areas of hybrid and multi-cloud, modern applications, networking, security, and digital workspaces in the United States and internationally. It offers VMware multi-cloud solutions, including VMware vSphere, a data center infrastructure that provides the fundamental compute layer and utilizes its hypervisor software, a layer of software that resides between the operating system and system hardware to enable compute virtualization; vSAN and VxRail, which offers holistic data storage and protection options to all applications running on vSphere; and vRealize Cloud Management solutions that manages hybrid and multi-cloud environments running in virtual machines and containers, as well as VMware Cloud Foundation, a hybrid cloud platform that combines its vSphere, vSAN, and NSX with vRealize Cloud Management into an integrated stack and delivers enterprise-ready cloud infrastructure for private and public clouds.

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