NVIDIA (NASDAQ:NVDA) Releases Quarterly Earnings Results, Beats Expectations By $0.21 EPS

NVIDIA (NASDAQ:NVDA) released its quarterly earnings results on Thursday. The computer hardware maker reported $1.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.21, RTT News reports. NVIDIA had a return on equity of 24.40% and a net margin of 26.93%. The business had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.92 billion. During the same quarter in the prior year, the business earned $1.84 earnings per share. The company’s quarterly revenue was down 5.2% compared to the same quarter last year. NVIDIA updated its Q4 guidance to $1.56-1.75 EPS.

NVIDIA stock traded down $5.79 during trading hours on Friday, hitting $204.00. The stock had a trading volume of 534,940 shares, compared to its average volume of 7,177,821. The company has a debt-to-equity ratio of 0.24, a current ratio of 8.65 and a quick ratio of 7.74. The stock has a market capitalization of $127.65 billion, a price-to-earnings ratio of 33.48, a PEG ratio of 5.39 and a beta of 2.06. NVIDIA has a 1-year low of $124.46 and a 1-year high of $211.86. The stock’s fifty day moving average is $192.95 and its two-hundred day moving average is $170.27.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.31%. NVIDIA’s dividend payout ratio (DPR) is 10.54%.

In related news, Director Persis Drell sold 165 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $180.45, for a total transaction of $29,774.25. Following the sale, the director now owns 18,019 shares of the company’s stock, valued at $3,251,528.55. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Colette Kress sold 31,357 shares of the stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $179.01, for a total value of $5,613,216.57. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 66,383 shares of company stock worth $11,625,217. Corporate insiders own 4.64% of the company’s stock.

Several equities research analysts have recently commented on NVDA shares. JPMorgan Chase & Co. restated a “buy” rating on shares of NVIDIA in a research note on Friday. Benchmark upped their price target on NVIDIA from $210.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday. DZ Bank cut NVIDIA from a “hold” rating to a “sell” rating and set a $158.00 price target for the company. in a research note on Friday, September 13th. Rosenblatt Securities restated a “buy” rating and set a $240.00 price target on shares of NVIDIA in a research note on Friday. Finally, UBS Group upped their price target on NVIDIA from $195.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $212.99.

NVIDIA Company Profile

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims 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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Earnings History for NVIDIA (NASDAQ:NVDA)

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