Equities research analysts expect that Nutanix Inc (NASDAQ:NTNX) will announce earnings per share (EPS) of ($0.60) for the current fiscal quarter, according to Zacks Investment Research. Eleven analysts have issued estimates for Nutanix’s earnings, with estimates ranging from ($0.63) to ($0.56). Nutanix posted earnings of ($0.21) per share during the same quarter last year, which suggests a negative year over year growth rate of 185.7%. The firm is expected to announce its next earnings results on Thursday, May 23rd.

According to Zacks, analysts expect that Nutanix will report full year earnings of ($1.46) per share for the current financial year, with EPS estimates ranging from ($1.56) to ($1.28). For the next financial year, analysts expect that the business will report earnings of ($1.47) per share, with EPS estimates ranging from ($2.25) to ($0.54). Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Nutanix.

Nutanix (NASDAQ:NTNX) last posted its earnings results on Thursday, February 28th. The technology company reported ($0.55) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.57) by $0.02. The business had revenue of $335.36 million for the quarter, compared to analysts’ expectations of $331.04 million. Nutanix had a negative net margin of 31.41% and a negative return on equity of 90.83%.

Several brokerages have weighed in on NTNX. Stifel Nicolaus cut shares of Nutanix from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $55.00 to $39.00 in a research note on Friday, March 1st. Jefferies Financial Group reaffirmed a “hold” rating on shares of Nutanix in a research note on Friday, March 1st. Wells Fargo & Co cut shares of Nutanix from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $70.00 to $45.00 in a research note on Friday, March 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $63.00 price objective (down from $76.00) on shares of Nutanix in a research note on Friday, March 1st. Finally, Maxim Group decreased their price objective on shares of Nutanix from $72.00 to $62.00 and set a “buy” rating on the stock in a research note on Friday, March 1st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Nutanix currently has an average rating of “Buy” and a consensus price target of $54.69.

In other news, insider Tyler Wall sold 12,132 shares of the stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $41.23, for a total transaction of $500,202.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP David Sangster sold 7,916 shares of the stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $51.66, for a total transaction of $408,940.56. Following the sale, the executive vice president now directly owns 7,916 shares in the company, valued at $408,940.56. The disclosure for this sale can be found here. Insiders have sold 42,965 shares of company stock worth $1,794,076 over the last three months. 14.57% of the stock is owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Man Group plc grew its stake in shares of Nutanix by 7.4% during the third quarter. Man Group plc now owns 28,673 shares of the technology company’s stock valued at $1,225,000 after purchasing an additional 1,979 shares during the last quarter. Mckinley Capital Management LLC Delaware grew its stake in shares of Nutanix by 4.2% during the fourth quarter. Mckinley Capital Management LLC Delaware now owns 146,856 shares of the technology company’s stock valued at $6,108,000 after purchasing an additional 5,950 shares during the last quarter. Macquarie Group Ltd. grew its stake in shares of Nutanix by 101.6% during the third quarter. Macquarie Group Ltd. now owns 59,660 shares of the technology company’s stock valued at $2,549,000 after purchasing an additional 30,066 shares during the last quarter. Stevens Capital Management LP bought a new stake in shares of Nutanix during the fourth quarter valued at approximately $1,274,000. Finally, Oppenheimer Asset Management Inc. grew its stake in shares of Nutanix by 30.0% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 23,191 shares of the technology company’s stock valued at $965,000 after purchasing an additional 5,345 shares during the last quarter. 54.93% of the stock is currently owned by institutional investors and hedge funds.

Shares of Nutanix stock opened at $42.84 on Wednesday. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.15. The stock has a market cap of $7.80 billion, a price-to-earnings ratio of -25.35 and a beta of 0.99. Nutanix has a 1-year low of $32.52 and a 1-year high of $64.87.

About Nutanix

Nutanix, Inc, together with its subsidiaries, develops and provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. Its solution addresses a range of workloads, including enterprise applications, databases, virtual desktop infrastructure, unified communications, and big data analytics.

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Earnings History and Estimates for Nutanix (NASDAQ:NTNX)

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