Nutanix Inc. (NTNX) Expected to Post Earnings of -$0.26 Per Share
Equities research analysts expect that Nutanix Inc. (NASDAQ:NTNX) will report ($0.26) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Nutanix’s earnings, with estimates ranging from ($0.27) to ($0.23). Nutanix reported earnings per share of ($0.37) during the same quarter last year, which suggests a positive year over year growth rate of 29.7%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, December 5th.
According to Zacks, analysts expect that Nutanix will report full year earnings of ($0.95) per share for the current year, with EPS estimates ranging from ($1.05) to ($0.80). For the next year, analysts anticipate that the firm will report earnings of ($0.56) per share, with EPS estimates ranging from ($1.04) to ($0.19). Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for Nutanix.
Nutanix (NASDAQ:NTNX) last released its quarterly earnings results on Thursday, August 31st. The technology company reported ($0.33) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.38) by $0.05. The company had revenue of $226.10 million during the quarter, compared to analysts’ expectations of $216.00 million. Nutanix had a negative return on equity of 295.56% and a negative net margin of 59.72%. The business’s revenue was up 61.7% compared to the same quarter last year.
A number of equities research analysts have weighed in on the company. Credit Suisse Group reaffirmed an “outperform” rating and issued a $38.00 price objective on shares of Nutanix in a report on Wednesday, June 28th. Robert W. Baird set a $28.00 price objective on Nutanix and gave the company a “buy” rating in a report on Wednesday, June 28th. Stifel Nicolaus reaffirmed a “neutral – hold” rating on shares of Nutanix in a report on Friday, June 30th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $34.00 price objective on shares of Nutanix in a report on Friday, June 30th. Finally, BTIG Research reaffirmed a “neutral” rating on shares of Nutanix in a report on Monday, July 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $30.43.
Nutanix (NTNX) traded down 0.11% during trading on Friday, reaching $26.28. The company had a trading volume of 2,261,558 shares. Nutanix has a 1-year low of $14.38 and a 1-year high of $34.96. The firm has a 50-day moving average of $23.58 and a 200-day moving average of $23.58. The stock’s market capitalization is $4.07 billion.
In other news, President Sudheesh Nair Vadakkedath sold 75,000 shares of Nutanix stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $21.88, for a total transaction of $1,641,000.00. Following the completion of the sale, the president now directly owns 110,519 shares in the company, valued at approximately $2,418,155.72. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Sunil Potti sold 10,000 shares of Nutanix stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $21.43, for a total transaction of $214,300.00. Following the sale, the insider now owns 123,603 shares of the company’s stock, valued at $2,648,812.29. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 536,891 shares of company stock valued at $12,358,039.
Hedge funds have recently bought and sold shares of the company. Legal & General Group Plc lifted its position in shares of Nutanix by 3,147.6% during the 2nd quarter. Legal & General Group Plc now owns 8,801 shares of the technology company’s stock valued at $175,000 after acquiring an additional 8,530 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Nutanix during the 2nd quarter valued at approximately $186,000. First American Bank acquired a new stake in shares of Nutanix during the 2nd quarter valued at approximately $205,000. PNC Financial Services Group Inc. acquired a new stake in shares of Nutanix during the 2nd quarter valued at approximately $208,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of Nutanix during the 1st quarter valued at approximately $211,000. Institutional investors own 31.48% of the company’s stock.
Nutanix Company Profile
Nutanix, Inc is a United States-based company, which provides an enterprise cloud platform that converges silos of server, virtualization and storage into an integrated solution. The Company’s enterprise cloud platform connects to public cloud services. It has operations in the United States; Europe, the Middle East and Africa; Asia-Pacific, and Other Americas.
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