Wall Street analysts expect NVIDIA Co. (NASDAQ:NVDA) to announce earnings of $1.90 per share for the current quarter, according to Zacks. Eight analysts have issued estimates for NVIDIA’s earnings. The lowest EPS estimate is $1.32 and the highest is $1.99. NVIDIA posted earnings per share of $1.24 during the same quarter last year, which indicates a positive year over year growth rate of 53.2%. The business is expected to issue its next earnings report on Thursday, August 20th.

On average, analysts expect that NVIDIA will report full-year earnings of $7.81 per share for the current year, with EPS estimates ranging from $6.96 to $8.40. For the next fiscal year, analysts expect that the business will report earnings of $9.54 per share, with EPS estimates ranging from $8.09 to $11.00. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover NVIDIA.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Thursday, May 21st. The computer hardware maker reported $1.80 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.44. NVIDIA had a return on equity of 28.59% and a net margin of 28.17%. The company had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3 billion. During the same quarter in the previous year, the company posted $0.88 EPS. NVIDIA’s revenue for the quarter was up 38.7% on a year-over-year basis.

A number of equities research analysts have recently weighed in on NVDA shares. Deutsche Bank boosted their target price on NVIDIA from $300.00 to $290.00 and gave the company a “hold” rating in a research note on Monday, May 18th. Benchmark upped their price target on NVIDIA from $320.00 to $410.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Oppenheimer upped their price target on NVIDIA from $350.00 to $400.00 and gave the company an “outperform” rating in a research report on Friday, May 22nd. Argus upped their price target on NVIDIA from $300.00 to $340.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Finally, Barclays reaffirmed a “buy” rating and set a $300.00 price target on shares of NVIDIA in a research report on Friday, February 14th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and thirty-three have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $344.73.

In other news, Director Mark A. Stevens sold 60,000 shares of the firm’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $261.63, for a total value of $15,697,800.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert K. Burgess sold 20,000 shares of the firm’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $222.33, for a total value of $4,446,600.00. Following the completion of the transaction, the director now owns 13,935 shares in the company, valued at $3,098,168.55. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 107,376 shares of company stock worth $27,649,807. Company insiders own 4.47% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in NVDA. Accurate Investment Solutions Inc. raised its holdings in NVIDIA by 111.1% in the 1st quarter. Accurate Investment Solutions Inc. now owns 95 shares of the computer hardware maker’s stock worth $25,000 after purchasing an additional 50 shares during the period. PrairieView Partners LLC bought a new position in NVIDIA in the 1st quarter worth $26,000. Stonebridge Financial Planning Group LLC bought a new position in NVIDIA in the 4th quarter worth $28,000. Howard Wealth Management LLC bought a new position in NVIDIA in the 4th quarter worth $28,000. Finally, Braun Bostich & Associates Inc. bought a new position in NVIDIA in the 4th quarter worth $30,000. Hedge funds and other institutional investors own 68.89% of the company’s stock.

Shares of NASDAQ NVDA traded down $3.14 during midday trading on Wednesday, reaching $351.88. The company had a trading volume of 8,580,165 shares, compared to its average volume of 15,264,069. NVIDIA has a one year low of $132.60 and a one year high of $367.27. The company has a quick ratio of 9.70, a current ratio of 10.29 and a debt-to-equity ratio of 0.57. The firm’s fifty day moving average price is $307.02 and its 200-day moving average price is $257.48. The stock has a market cap of $216.47 billion, a PE ratio of 66.03, a price-to-earnings-growth ratio of 3.26 and a beta of 1.38.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be paid a dividend of $0.16 per share. The ex-dividend date is Thursday, June 4th. This represents a $0.64 annualized dividend and a yield of 0.18%. NVIDIA’s dividend payout ratio is 13.94%.

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 and Estimates for NVIDIA (NASDAQ:NVDA)

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