NVIDIA Co. (NASDAQ:NVDA) is expected to post earnings of $1.29 per share
Stock analysts expect NVIDIA Co. (NASDAQ:NVDA – Get Rating) to report earnings per share of $1.29 for the current quarter, according to Zacks Investment Research. Nine analysts provided NVIDIA earnings estimates, with the lowest EPS estimate being $1.27 and the highest estimate being $1.31. NVIDIA reported earnings of $0.92 per share in the same quarter last year, which would indicate a positive growth rate of 40.2% year over year. The company is expected to announce its next quarterly results on Monday, January 1.
On average, analysts expect NVIDIA to report annual earnings of $5.54 per share for the current fiscal year, with EPS estimates ranging from $5.00 to $6.00. For next year, analysts expect the company to report earnings of $6.32 per share, with EPS estimates ranging from $5.60 to $7.06. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts who provide coverage for NVIDIA.
NVIDIA (NASDAQ:NVDA – Get Rating) last released its quarterly results on Wednesday, February 16. The hardware maker reported EPS of $1.14 for the quarter, beating the Zacks consensus estimate of $1.01 by $0.13. The company posted revenue of $7.64 billion in the quarter, versus a consensus estimate of $7.43 billion. NVIDIA had a return on equity of 42.99% and a net margin of 36.24%. NVIDIA’s revenue increased 52.8% year over year. During the same period last year, the company posted earnings per share of $0.64.
NVDA has been the subject of several recent analyst reports. Cowen reaffirmed an “outperform” rating and issued a $350.00 price target on NVIDIA shares in a Tuesday, March 15 report. Summit Insights downgraded NVIDIA from a “buy” rating to a “hold” rating in a Thursday, February 17 research report. Citigroup upgraded NVIDIA shares from a “neutral” rating to a “buy” rating and set a target price of $280.00 for the company in a Wednesday, April 13 report. They noted that the move was a review call. Tigress Financial raised its price target on NVIDIA from $400.00 to $410.00 and gave the company a “buy” rating in a Tuesday, March 29 research report. Finally, Credit Suisse Group reissued a “buy” rating and published a target price of $400.00 on NVIDIA shares in a research note on Friday, March 18. Seven research analysts gave the stock a hold rating, twenty-five gave the company a buy rating and one gave the company a high buy rating. Based on data from MarketBeat.com, NVIDIA currently has an average rating of “Buy” and an average target price of $326.00.
NASDAQ:NVDA shares opened at $195.15 on Friday. The company has a 50-day moving average of $241.19 and a 200-day moving average of $261.07. The company has a current ratio of 6.65, a quick ratio of 6.05 and a debt ratio of 0.41. NVIDIA has a 12-month low of $134.59 and a 12-month high of $346.47. The stock has a market capitalization of $568.42 billion, a P/E ratio of 50.72, a P/E/G ratio of 2.70 and a beta of 1.42.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 24. Shareholders of record on Thursday, March 3 received a dividend of $0.04 per share. This represents a dividend of $0.16 on an annualized basis and a dividend yield of 0.08%. The ex-dividend date was Wednesday, March 2. NVIDIA’s dividend payout ratio (DPR) is currently 4.16%.
In other NVIDIA news, CEO Jen Hsun Huang sold 292,340 shares of the company in a trade on Tuesday, March 1. The shares were sold at an average price of $237.12, for a total value of $69,319,660.80. The sale was disclosed in an SEC filing, available on the SEC’s website. Additionally, director Mark L. Perry sold 16,716 NVIDIA shares in a trade that took place on Friday, March 18. The shares were sold at an average price of $263.80, for a total value of $4,409,680.80. The disclosure of this sale can be found here. In the past ninety days, insiders have sold 409,056 shares of the company valued at $101,135,342. 4.23% of the shares are held by insiders of the company.
Several hedge funds have recently changed their positions in NVDA. Barings LLC increased its position in NVIDIA by 202.9% during the third quarter. Barings LLC now owns 15,152 shares of the hardware maker worth $3,139,000 after buying an additional 10,149 shares in the last quarter. Bbva USA increased its stake in NVIDIA shares by 282.2% during the third quarter. Bbva USA now owns 104,204 shares of the hardware maker worth $21,587,000 after purchasing an additional 76,940 shares during the period. Hartline Investment Corp increased its stake in NVIDIA by 295.0% during the third quarter. Hartline Investment Corp now owns 243,631 shares of the hardware maker worth $50,471,000 after acquiring an additional 181,955 shares during the period. Ascension Asset Management LLC increased its position in NVIDIA by 300.0% during the third quarter. Ascension Asset Management LLC now owns 19,540 shares of the hardware maker worth $4,048,000 after purchasing an additional 14,655 shares during the period. Finally, Franklin Resources Inc. increased its stake in NVIDIA shares by 301.5% during the 3rd quarter. Franklin Resources Inc. now owns 11,338,772 shares of the hardware maker worth $2,348,940,000 after acquiring an additional 8,514,931 shares during the period. 63.84% of the shares are held by institutional investors.
NVIDIA Company Profile (Get a rating)
NVIDIA Corporation operates as a visual computing company worldwide. It operates in two segments, Graphics and Compute & Networking. The Graphics segment offers GeForce GPUs for gaming and PC, GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise design; GRID software for cloud-based visual and virtual computing; and automotive platforms for infotainment systems.
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