Equities research analysts predict that VMware, Inc. (NYSE:VMW) will report sales of $2.17 billion for the current quarter, according to Zacks. Nine analysts have made estimates for VMware’s earnings, with the highest sales estimate coming in at $2.18 billion and the lowest estimate coming in at $2.16 billion. VMware reported sales of $1.98 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.6%. The firm is expected to announce its next earnings report after the market closes on Thursday, November 29th.

On average, analysts expect that VMware will report full year sales of $8.82 billion for the current year, with estimates ranging from $8.77 billion to $8.84 billion. For the next financial year, analysts expect that the business will post sales of $9.52 billion, with estimates ranging from $9.28 billion to $9.80 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover VMware.

VMware (NYSE:VMW) last issued its earnings results on Thursday, August 23rd. The virtualization software provider reported $1.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.05. VMware had a net margin of 18.77% and a return on equity of 20.00%. The company had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.15 billion. During the same period last year, the company posted $1.19 earnings per share. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year.

A number of equities analysts recently commented on VMW shares. Oppenheimer boosted their target price on shares of VMware from $170.00 to $180.00 and gave the stock an “outperform” rating in a research note on Friday, August 31st. JPMorgan Chase & Co. boosted their target price on shares of VMware from $150.00 to $165.00 and gave the stock an “overweight” rating in a research note on Friday, August 24th. Maxim Group boosted their target price on shares of VMware from $142.00 to $150.00 and gave the stock a “hold” rating in a research note on Friday, August 24th. KeyCorp boosted their target price on shares of VMware from $160.00 to $167.00 and gave the stock an “overweight” rating in a research note on Friday, August 24th. Finally, Barclays reiterated a “buy” rating and set a $175.00 target price on shares of VMware in a research note on Sunday, August 26th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and seventeen have issued a buy rating to the company. VMware presently has a consensus rating of “Buy” and a consensus price target of $158.04.

In other news, VP Amy Fliegelman Olli sold 1,500 shares of the stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $152.77, for a total transaction of $229,155.00. Following the completion of the sale, the vice president now owns 30,930 shares in the company, valued at $4,725,176.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Patrick P. Gelsinger sold 25,000 shares of the stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $152.13, for a total transaction of $3,803,250.00. Following the sale, the chief executive officer now owns 411,923 shares of the company’s stock, valued at approximately $62,665,845.99. The disclosure for this sale can be found here. Insiders sold 78,608 shares of company stock valued at $11,852,164 in the last 90 days. 29.90% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its holdings in VMware by 44.5% in the third quarter. BlackRock Inc. now owns 5,501,102 shares of the virtualization software provider’s stock valued at $858,503,000 after buying an additional 1,693,475 shares in the last quarter. Renaissance Technologies LLC increased its holdings in VMware by 40.0% in the second quarter. Renaissance Technologies LLC now owns 5,289,800 shares of the virtualization software provider’s stock valued at $777,442,000 after buying an additional 1,512,500 shares in the last quarter. Investec Asset Management LTD increased its holdings in VMware by 23.4% in the second quarter. Investec Asset Management LTD now owns 2,071,002 shares of the virtualization software provider’s stock valued at $304,375,000 after buying an additional 392,041 shares in the last quarter. AQR Capital Management LLC increased its holdings in VMware by 3.2% in the third quarter. AQR Capital Management LLC now owns 1,224,799 shares of the virtualization software provider’s stock valued at $191,142,000 after buying an additional 37,753 shares in the last quarter. Finally, Voya Investment Management LLC increased its holdings in VMware by 489.4% in the second quarter. Voya Investment Management LLC now owns 988,295 shares of the virtualization software provider’s stock valued at $145,250,000 after buying an additional 820,619 shares in the last quarter. Institutional investors and hedge funds own 19.93% of the company’s stock.

Shares of VMware stock traded up $1.85 during trading hours on Friday, reaching $150.25. 19,411 shares of the company were exchanged, compared to its average volume of 1,143,686. VMware has a 1 year low of $108.46 and a 1 year high of $165.00. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $62.70 billion, a P/E ratio of 38.67, a P/E/G ratio of 2.45 and a beta of 0.72.

VMware Company Profile

VMware, Inc provides compute, cloud, mobility, networking, and security infrastructure software to businesses in the United States and internationally. The company offers compute products, including VMware vSphere, a data center platform, which enables users to deploy hypervisor, a layer of software that resides between the operating system and system hardware to enable compute virtualization; storage and availability products that provide data storage and protection options; network and security products; and cloud management and automation products to manage and automate overarching IT processes involved in provisioning IT services and resources to users from initial infrastructure deployment to retirement.

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Earnings History and Estimates for VMware (NYSE:VMW)

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