Stock analysts expect NVIDIA Co. (NASDAQ:NVDA) to post earnings per share of $1.22 for the current quarter, Zacks Investment Research reports. Nine analysts made NVIDIA earnings estimates, with the lowest EPS estimate being $1.21 and the highest estimate $1.25. NVIDIA posted earnings per share of $0.78 in the same quarter last year, suggesting a positive year-over-year growth rate of 56.4%. The company is expected to release its next quarterly results after the market closes on Wednesday, February 16.
According to Zacks, analysts expect NVIDIA to report annual earnings of $4.35 per share for the current fiscal year, with EPS estimates ranging from $4.33 to $4.37. For the next fiscal year, analysts expect the company to post earnings of $5.16 per share, with EPS estimates ranging from $4.62 to $5.60. Zacks Investment Research’s earnings per share calculations are an average average based on a survey of analysts who follow NVIDIA.
NVIDIA Inc (NASDAQ:NVDA) last released its quarterly results on Wednesday, November 17. The hardware maker reported earnings per share of $1.17 for the quarter, beating analysts’ consensus estimate of $1.11 by $0.06. NVIDIA had a return on equity of 41.79% and a net margin of 33.81%. The company posted revenue of $7.10 billion for the quarter, versus $6.83 billion expected by analysts. In the same quarter of the previous year, the company had achieved EPS of $0.60.
Several research analysts have weighed in on NVDA shares. Raymond James raised his price target on NVIDIA from $225.00 to $365.00 and gave the stock a “Strong Buy” rating in a Thursday, November 18 research report. They noted that the move was a review call. Susquehanna Bancshares raised its price target on NVIDIA from $250.00 to $360.00 and gave the stock a “positive” rating in a Thursday, November 11 research report. KeyCorp raised its price target on NVIDIA from $260.00 to $350.00 and gave the stock an “overweight” rating in a Thursday, November 18 research report. Summit Insights moved NVIDIA from a “sell” rating to a “buy” rating in a Friday, October 22 research report. Finally, Citigroup raised its target price on NVIDIA from $223.00 to $350.00 and gave the stock a “buy” rating in a Monday, November 15 report. Three investment analysts gave the stock a hold rating, twenty-eight gave the stock a buy rating and one gave the stock a strong buy rating. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $325.88.
In other NVIDIA news, Director Harvey C. Jones sold 41,484 shares of the company in a trade on Thursday, December 16. The stock was sold at an average price of $311.50, for a total value of $12,922,266.00. The transaction was disclosed in a legal filing with the SEC, available at this link. Also, director Jean Dabiri sold 281 shares of the company in a trade on Thursday, December 23. The stock was sold at an average price of $297.50, for a total value of $83,597.50. Disclosure of this sale can be found here. In the past ninety days, insiders have sold 990,012 shares of the company worth $312,681,810. 4.23% of the shares are held by insiders.
A number of hedge funds have recently bought and sold shares of the company. OLD Mission Capital LLC bought a new stake in NVIDIA stock in the third quarter worth $293,000. Parisi Gray Wealth Management increased its stake in NVIDIA shares by 4.4% in the second quarter. Parisi Gray Wealth Management now owns 2,312 shares of the hardware maker valued at $1,850,000 after buying 97 additional shares during the period. Meitav Dash Investments Ltd. increased its stake in NVIDIA shares by 8.0% in the second quarter. Meitav Dash Investments Ltd. now owns 77,803 shares of the hardware maker valued at $62,257,000 after purchasing an additional 5,750 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in NVIDIA shares by 12.8% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 114,633 shares of the hardware maker valued at $91,718,000 after buying an additional 13,024 shares during the period. Finally, Ergoteles LLC bought a new stake in NVIDIA stock in the second quarter worth $480,000. 63.70% of the shares are currently held by institutional investors and hedge funds.
NVDA Stock traded at $8.96 during Friday trading hours, hitting $228.40. 54,284,902 shares were traded, against an average volume of 53,255,828. The company has a current ratio of 7.14, a quick ratio of 6.53 and a debt ratio of 0.46. The company has a market capitalization of $571 billion, a P/E ratio of 70.39, a P/E/G ratio of 3.88 and a beta of 1.32. The company has a 50-day simple moving average of $286.52 and a two-hundred-day simple moving average of $246.88. NVIDIA has a 12-month low of $115.67 and a 12-month high of $346.47.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 23. Shareholders of record on Thursday, December 2 received a dividend of $0.04. The ex-dividend date was Wednesday, December 1. This represents a dividend of $0.16 on an annualized basis and a yield of 0.07%. NVIDIA’s dividend payout ratio (DPR) is currently 4.93%.
NVIDIA Company Profile
NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets and related multimedia software. It operates through the following segments: graphics processing unit (GPU), Tegra processor and all others. The GPU segment includes product brands, which target niche 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.
Further reading: Example of operating result, EBIT and EBITDA
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