Vmware, Inc. (VMW) Scheduled to Post Earnings on Thursday
Vmware, Inc. (NYSE:VMW) will release its earnings data after the market closes on Thursday, November 30th. Analysts expect Vmware to post earnings of $1.27 per share for the quarter.
Vmware (NYSE:VMW) last posted its quarterly earnings data on Thursday, August 24th. The virtualization software provider reported $1.19 EPS for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.04. Vmware had a net margin of 17.81% and a return on equity of 18.06%. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the prior year, the company posted $0.97 EPS. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, analysts expect Vmware to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Vmware, Inc. (NYSE VMW) opened at $123.59 on Thursday. Vmware, Inc. has a one year low of $76.81 and a one year high of $126.33. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.10. The company has a market cap of $50,540.00, a PE ratio of 34.95, a PEG ratio of 2.85 and a beta of 0.67.
Vmware declared that its board has approved a share buyback plan on Monday, August 14th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the virtualization software provider to reacquire up to 2.5% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.
A number of brokerages have recently issued reports on VMW. Mizuho reiterated a “hold” rating and set a $110.00 target price on shares of Vmware in a report on Friday, November 17th. Barclays PLC reiterated a “buy” rating on shares of Vmware in a report on Friday, November 10th. Drexel Hamilton reiterated a “buy” rating and set a $120.00 target price on shares of Vmware in a report on Thursday, November 2nd. Zacks Investment Research cut Vmware from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Finally, KeyCorp reiterated a “hold” rating on shares of Vmware in a report on Tuesday, October 17th. Fifteen equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Vmware has a consensus rating of “Buy” and a consensus price target of $116.00.
In other Vmware news, Director Egon Durban sold 435,682 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $109.31, for a total value of $47,624,399.42. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Zane Rowe sold 6,000 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $107.82, for a total value of $646,920.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 466,314 shares of company stock worth $51,024,652. Corporate insiders own 0.52% of the company’s stock.
Vmware Company Profile
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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