Q2 2018 EPS Estimates for Vmware, Inc. (VMW) Increased by Analyst

Vmware, Inc. (NYSE:VMW) – Equities researchers at William Blair boosted their Q2 2018 earnings estimates for Vmware in a research report issued to clients and investors on Monday. William Blair analyst J. Ader now forecasts that the virtualization software provider will post earnings of $0.84 per share for the quarter, up from their previous estimate of $0.80. William Blair also issued estimates for Vmware’s Q3 2018 earnings at $0.94 EPS, Q4 2018 earnings at $1.27 EPS, FY2018 earnings at $3.73 EPS, Q1 2019 earnings at $0.78 EPS, Q2 2019 earnings at $0.95 EPS, Q3 2019 earnings at $1.08 EPS, Q4 2019 earnings at $1.38 EPS and FY2019 earnings at $4.19 EPS.

Other equities analysts also recently issued research reports about the stock. Jefferies Group LLC reissued a “buy” rating and set a $110.00 price target (up previously from $105.00) on shares of Vmware in a report on Saturday, June 3rd. MKM Partners reissued a “buy” rating and set a $110.00 price target (up previously from $100.00) on shares of Vmware in a report on Thursday, June 1st. Drexel Hamilton reissued a “buy” rating and set a $113.00 price target (up previously from $105.00) on shares of Vmware in a report on Monday, June 5th. BidaskClub downgraded shares of Vmware from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. Finally, Stifel Nicolaus raised shares of Vmware from a “hold” rating to a “buy” rating and boosted their price target for the company from $96.00 to $109.00 in a report on Wednesday, June 21st. Eighteen equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $100.69.

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Shares of Vmware (NYSE VMW) traded down 0.29% during trading on Thursday, reaching $96.38. 403,858 shares of the company’s stock were exchanged. Vmware has a 52 week low of $70.34 and a 52 week high of $98.20. The company’s 50-day moving average is $91.22 and its 200 day moving average is $91.47. The stock has a market capitalization of $39.36 billion, a PE ratio of 34.69 and a beta of 0.77.

Vmware (NYSE:VMW) last announced its quarterly earnings data on Thursday, June 1st. The virtualization software provider reported $0.99 EPS for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.04. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.71 billion. Vmware had a net margin of 17.36% and a return on equity of 17.19%. Vmware’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.86 EPS.

Vmware declared that its Board of Directors has authorized a share repurchase plan on Monday, August 14th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the virtualization software provider to reacquire up to 2.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

In other news, COO Rajiv Ramaswami sold 20,457 shares of the company’s stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $87.84, for a total value of $1,796,942.88. Following the transaction, the chief operating officer now owns 313,721 shares in the company, valued at approximately $27,557,252.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Maurizio Carli sold 11,237 shares of the company’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $94.66, for a total value of $1,063,694.42. The disclosure for this sale can be found here. 0.52% of the stock is owned by corporate insiders.

Institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its position in shares of Vmware by 4,817.7% in the first quarter. BlackRock Inc. now owns 5,098,863 shares of the virtualization software provider’s stock worth $469,811,000 after buying an additional 4,995,179 shares in the last quarter. Old Mutual Global Investors UK Ltd. increased its position in shares of Vmware by 846.5% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 1,155,079 shares of the virtualization software provider’s stock worth $106,428,000 after buying an additional 1,033,040 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Vmware by 163.9% in the first quarter. Wells Fargo & Company MN now owns 1,612,242 shares of the virtualization software provider’s stock worth $148,552,000 after buying an additional 1,001,289 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Vmware by 6,030.7% in the second quarter. Janus Henderson Group PLC now owns 806,433 shares of the virtualization software provider’s stock worth $70,506,000 after buying an additional 793,279 shares in the last quarter. Finally, Voya Investment Management LLC increased its position in shares of Vmware by 25.7% in the second quarter. Voya Investment Management LLC now owns 2,633,434 shares of the virtualization software provider’s stock worth $230,241,000 after buying an additional 538,393 shares in the last quarter. Institutional investors own 21.82% of the company’s stock.

About Vmware

VMware, Inc is an information technology (IT) company. The Company is engaged in development and application of virtualization technologies with x86 server-based computing, separating application software from the underlying hardware. The Company offers various products, which allow organizations to manage IT resources across private clouds and multi-cloud, multi-device environments by leveraging synergies across three product categories: Software-Defined Data Center (SDDC), Hybrid Cloud Computing and End-User Computing (EUC).

Earnings History and Estimates for Vmware (NYSE:VMW)

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