Wall Street brokerages expect that VMware, Inc. (NYSE:VMW) will post earnings of $1.49 per share for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for VMware’s earnings. The lowest EPS estimate is $1.47 and the highest is $1.52. VMware reported earnings per share of $1.19 in the same quarter last year, which would suggest a positive year-over-year growth rate of 25.2%. The company is scheduled to issue its next quarterly earnings results after the market closes on Thursday, August 23rd.

According to Zacks, analysts expect that VMware will report full-year earnings of $6.07 per share for the current fiscal year, with EPS estimates ranging from $5.98 to $6.24. For the next financial year, analysts anticipate that the company will report earnings of $6.62 per share, with EPS estimates ranging from $6.33 to $7.06. Zacks’ EPS calculations are an average based on a survey of research firms that cover VMware.

VMware (NYSE:VMW) last released its quarterly earnings results on Thursday, May 31st. The virtualization software provider reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.11. VMware had a net margin of 15.61% and a return on equity of 19.58%. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the prior year, the firm earned $0.99 EPS. The company’s revenue for the quarter was up 13.8% on a year-over-year basis.

VMW has been the subject of several research analyst reports. Raymond James upped their price target on shares of VMware from $153.00 to $174.00 in a research report on Thursday, July 5th. Robert W. Baird restated a “buy” rating and set a $163.00 price target on shares of VMware in a research report on Friday, June 1st. Royal Bank of Canada restated a “buy” rating and set a $172.00 price target on shares of VMware in a research report on Friday, July 6th. Bank of America upped their price target on shares of VMware to $190.00 and gave the stock a “buy” rating in a research report on Monday, July 16th. Finally, TheStreet downgraded shares of VMware from a “b” rating to a “c” rating in a research report on Friday, June 1st. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nineteen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $145.81.

In other news, COO Sanjay Poonen sold 20,000 shares of the stock in a transaction that occurred on Tuesday, July 3rd. The shares were sold at an average price of $160.15, for a total value of $3,203,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Rangarajan (Raghu) Raghuram sold 38,000 shares of the stock in a transaction that occurred on Wednesday, July 11th. The shares were sold at an average price of $154.98, for a total transaction of $5,889,240.00. Following the completion of the sale, the chief operating officer now directly owns 297,193 shares of the company’s stock, valued at approximately $46,058,971.14. The disclosure for this sale can be found here. In the last quarter, insiders sold 123,739 shares of company stock valued at $18,967,729. 29.90% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of the company. Andra AP fonden purchased a new stake in shares of VMware in the 2nd quarter valued at approximately $6,775,000. Global X Management Co LLC grew its stake in shares of VMware by 128.2% in the 2nd quarter. Global X Management Co LLC now owns 6,392 shares of the virtualization software provider’s stock valued at $939,000 after buying an additional 3,591 shares during the period. California Public Employees Retirement System grew its stake in shares of VMware by 0.3% in the 2nd quarter. California Public Employees Retirement System now owns 212,711 shares of the virtualization software provider’s stock valued at $31,262,000 after buying an additional 685 shares during the period. Cypress Capital Group grew its stake in shares of VMware by 42.2% in the 2nd quarter. Cypress Capital Group now owns 3,505 shares of the virtualization software provider’s stock valued at $515,000 after buying an additional 1,040 shares during the period. Finally, Jafra Capital Management LP purchased a new stake in shares of VMware in the 2nd quarter valued at approximately $2,205,000. 19.92% of the stock is owned by institutional investors and hedge funds.

Shares of VMW traded down $1.07 during mid-day trading on Tuesday, hitting $150.86. 24,481 shares of the company were exchanged, compared to its average volume of 2,256,408. VMware has a 1-year low of $95.36 and a 1-year high of $165.00. The company has a quick ratio of 3.04, a current ratio of 3.04 and a debt-to-equity ratio of 0.44. The company has a market cap of $62.34 billion, a PE ratio of 39.26, a price-to-earnings-growth ratio of 2.54 and a beta of 0.53.

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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