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.
TRADEMARK VIOLATION NOTICE: “Q2 2018 EPS Estimates for Vmware, Inc. (VMW) Increased by Analyst” was originally reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this news story on another website, it was copied illegally and reposted in violation of United States and international trademark & copyright law. The original version of this news story can be read at https://sportsperspectives.com/2017/08/17/q2-2018-eps-estimates-for-vmware-inc-vmw-increased-by-analyst.html.
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.
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).
Receive News & Ratings for Vmware Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vmware Inc. and related companies with MarketBeat.com's FREE daily email newsletter.