VMware, Inc. to Post FY2019 Earnings of $4.73 Per Share, Oppenheimer Forecasts (VMW)

VMware, Inc. (NYSE:VMW) – Stock analysts at Oppenheimer lowered their FY2019 EPS estimates for VMware in a research report issued on Tuesday, January 8th. Oppenheimer analyst I. Kidron now expects that the virtualization software provider will earn $4.73 per share for the year, down from their previous estimate of $4.77. Oppenheimer currently has a “Outperform” rating and a $170.00 price objective on the stock. Oppenheimer also issued estimates for VMware’s Q4 2019 earnings at $1.46 EPS.

A number of other analysts also recently issued reports on the company. Credit Suisse Group began coverage on VMware in a research report on Friday. They set a “neutral” rating and a $160.00 price objective for the company. Goldman Sachs Group began coverage on VMware in a research report on Friday. They set a “neutral” rating and a $155.00 price objective for the company. BMO Capital Markets began coverage on VMware in a research report on Thursday. They set an “outperform” rating and a $170.00 price objective for the company. Barclays began coverage on VMware in a research report on Wednesday. They set an “overweight” rating and a $168.00 price objective for the company. Finally, Citigroup began coverage on VMware in a research report on Tuesday. They set a “buy” rating and a $166.00 price objective for the company. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have assigned a buy rating to the stock. VMware has an average rating of “Buy” and a consensus price target of $169.09.

Shares of NYSE:VMW opened at $146.70 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.04 and a quick ratio of 3.04. The stock has a market cap of $61.62 billion, a P/E ratio of 38.01, a price-to-earnings-growth ratio of 2.24 and a beta of 0.68. VMware has a 12-month low of $108.46 and a 12-month high of $169.25.

VMware (NYSE:VMW) last posted its quarterly earnings results on Thursday, November 29th. The virtualization software provider reported $1.56 EPS for the quarter, topping the consensus estimate of $1.14 by $0.42. The business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.17 billion. VMware had a return on equity of 19.62% and a net margin of 17.03%. The company’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.34 EPS.

Several institutional investors have recently made changes to their positions in VMW. BlackRock Inc. grew its position in shares of VMware by 44.5% during the third quarter. BlackRock Inc. now owns 5,501,102 shares of the virtualization software provider’s stock worth $858,503,000 after buying an additional 1,693,475 shares in the last quarter. American Century Companies Inc. grew its position in shares of VMware by 19,743.7% during the third quarter. American Century Companies Inc. now owns 412,749 shares of the virtualization software provider’s stock worth $64,414,000 after buying an additional 410,669 shares in the last quarter. MARSHALL WACE ASIA Ltd acquired a new position in shares of VMware during the third quarter worth about $40,688,000. Point72 Asset Management L.P. acquired a new position in shares of VMware during the second quarter worth about $22,320,000. Finally, Vanguard Group Inc. grew its position in shares of VMware by 1.9% during the third quarter. Vanguard Group Inc. now owns 4,387,621 shares of the virtualization software provider’s stock worth $684,732,000 after buying an additional 82,729 shares in the last quarter. 18.52% of the stock is owned by institutional investors and hedge funds.

In other news, CFO Zane Rowe sold 6,500 shares of the business’s stock in a transaction dated Wednesday, December 12th. The stock was sold at an average price of $165.08, for a total transaction of $1,073,020.00. Following the completion of the transaction, the chief financial officer now directly owns 89,276 shares of the company’s stock, valued at $14,737,682.08. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Patrick P. Gelsinger sold 25,000 shares of the business’s stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $150.00, for a total value of $3,750,000.00. Following the transaction, the chief executive officer now directly owns 407,743 shares of the company’s stock, valued at $61,161,450. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 94,980 shares of company stock valued at $14,583,411. 29.90% of the stock is currently owned by corporate insiders.

The company also recently announced a dividend, which was paid on Friday, December 28th. Shareholders of record on Thursday, December 27th were given a $26.81 dividend. The ex-dividend date of this dividend was Monday, December 31st.

About VMware

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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