Equities analysts forecast that Vmware, Inc. (NYSE:VMW) will post $0.81 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have provided estimates for Vmware’s earnings. The lowest EPS estimate is $0.80 and the highest is $0.84. Vmware reported earnings per share of $0.69 during the same quarter last year, which would indicate a positive year over year growth rate of 17.4%. The company is scheduled to announce its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Vmware will report full-year earnings of $3.60 per share for the current fiscal year, with EPS estimates ranging from $3.48 to $3.71. For the next fiscal year, analysts forecast that the company will post earnings of $4.07 per share, with EPS estimates ranging from $3.92 to $4.36. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Vmware.

Vmware (NYSE:VMW) last announced its quarterly earnings results on Thursday, June 1st. The virtualization software provider reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04. Vmware had a return on equity of 17.19% and a net margin of 17.36%. The business had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter last year, the business posted $0.86 earnings per share. The business’s revenue for the quarter was up 9.3% on a year-over-year basis.

VMW has been the subject of several research analyst reports. BTIG Research initiated coverage on Vmware in a report on Monday, April 17th. They issued a “neutral” rating for the company. Zacks Investment Research upgraded Vmware from a “hold” rating to a “buy” rating and set a $103.00 price objective for the company in a report on Monday, April 3rd. Cowen and Company upped their price objective on Vmware from $92.00 to $98.00 and gave the company an “outperform” rating in a report on Thursday, May 25th. Royal Bank Of Canada upped their price objective on Vmware from $97.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, May 31st. Finally, Deutsche Bank AG upped their price objective on Vmware from $85.00 to $90.00 and gave the company a “hold” rating in a report on Tuesday, April 11th. Nineteen equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $94.68.

Shares of Vmware (VMW) traded up 0.48% on Thursday, hitting $90.44. The stock had a trading volume of 1,039,217 shares. The firm has a market cap of $36.94 billion, a P/E ratio of 32.56 and a beta of 0.71. Vmware has a 12-month low of $55.12 and a 12-month high of $98.00. The company’s 50-day moving average price is $92.77 and its 200 day moving average price is $88.83.

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In related news, EVP Maurizio Carli sold 11,237 shares of the stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $94.66, for a total transaction of $1,063,694.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Egon Durban sold 666,354 shares of the stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $89.14, for a total value of $59,398,795.56. The disclosure for this sale can be found here. Corporate insiders own 0.52% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Dodge & Cox acquired a new stake in shares of Vmware during the fourth quarter valued at $745,926,000. BlackRock Inc. increased its stake in shares of Vmware by 4,817.7% in the first quarter. BlackRock Inc. now owns 5,098,863 shares of the virtualization software provider’s stock valued at $469,811,000 after buying an additional 4,995,179 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Vmware by 9.9% in the first quarter. Vanguard Group Inc. now owns 3,930,665 shares of the virtualization software provider’s stock valued at $362,171,000 after buying an additional 352,516 shares during the last quarter. Clearbridge Investments LLC increased its stake in shares of Vmware by 10.6% in the first quarter. Clearbridge Investments LLC now owns 2,556,102 shares of the virtualization software provider’s stock valued at $235,519,000 after buying an additional 244,512 shares during the last quarter. Finally, FIL Ltd increased its stake in shares of Vmware by 2.0% in the first quarter. FIL Ltd now owns 2,359,764 shares of the virtualization software provider’s stock valued at $217,429,000 after buying an additional 45,525 shares during the last quarter. Hedge funds and other institutional investors own 21.85% of the company’s stock.

About Vmware

VMware, Inc is an information technology (IT) company. The Company is engaged in development and application of virtualization technologies with x86 server-based computing, separating application software from the underlying hardware. The Company offers various products, which allow organizations to manage IT resources across private clouds and multi-cloud, multi-device environments by leveraging synergies across three product categories: Software-Defined Data Center (SDDC), Hybrid Cloud Computing and End-User Computing (EUC).

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