NVIDIA Corporation (NVDA) Set to Announce Quarterly Earnings on Thursday
NVIDIA Corporation (NASDAQ:NVDA) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, August 10th. Analysts expect the company to announce earnings of $0.69 per share for the quarter.
NVIDIA Corporation (NASDAQ:NVDA) last posted its quarterly earnings results on Tuesday, May 9th. The computer hardware maker reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.16. NVIDIA Corporation had a net margin of 25.95% and a return on equity of 36.40%. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter last year, the firm posted $0.46 EPS. NVIDIA Corporation’s revenue was up 48.7% compared to the same quarter last year. On average, analysts expect NVIDIA Corporation to post $3.08 EPS for the current fiscal year and $3.47 EPS for the next fiscal year.
Shares of NVIDIA Corporation (NASDAQ:NVDA) opened at 170.30 on Wednesday. The firm has a market cap of $101.33 billion, a P/E ratio of 57.17 and a beta of 1.24. NVIDIA Corporation has a 52-week low of $57.32 and a 52-week high of $174.56. The company has a 50-day moving average of $158.02 and a 200 day moving average of $125.12.
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In other NVIDIA Corporation news, Director Harvey C. Jones sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $150.29, for a total transaction of $15,029,000.00. Following the completion of the transaction, the director now owns 30,762 shares in the company, valued at approximately $4,623,220.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Tench Coxe sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $129.48, for a total value of $6,474,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 622,282 shares of company stock valued at $93,304,082 in the last 90 days. 5.17% of the stock is currently owned by company insiders.
Several equities research analysts recently weighed in on NVDA shares. Zacks Investment Research cut NVIDIA Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, April 13th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $130.00 price target on shares of NVIDIA Corporation in a research note on Friday, April 14th. BMO Capital Markets reaffirmed an “underperform” rating and issued a $85.00 price target on shares of NVIDIA Corporation in a research note on Monday, April 17th. Vetr cut NVIDIA Corporation from a “strong-buy” rating to a “buy” rating and set a $111.03 price target on the stock. in a research note on Tuesday, April 18th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $130.00 price target on shares of NVIDIA Corporation in a research note on Tuesday, May 2nd. Six research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $136.24.
About NVIDIA Corporation
Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at specialized markets, including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.
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