Brokerages Expect Nutanix Inc (NTNX) to Post -$0.21 EPS

Equities research analysts forecast that Nutanix Inc (NASDAQ:NTNX) will post ($0.21) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have made estimates for Nutanix’s earnings, with the highest EPS estimate coming in at ($0.19) and the lowest estimate coming in at ($0.24). Nutanix posted earnings per share of ($0.33) in the same quarter last year, which would suggest a positive year over year growth rate of 36.4%. The company is expected to announce its next quarterly earnings report after the market closes on Thursday, August 30th.

According to Zacks, analysts expect that Nutanix will report full-year earnings of ($0.73) per share for the current year, with EPS estimates ranging from ($0.75) to ($0.70). For the next year, analysts anticipate that the firm will report earnings of ($0.58) per share, with EPS estimates ranging from ($1.03) to ($0.25). Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Nutanix.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings results on Thursday, May 24th. The technology company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.02). The firm had revenue of $289.40 million for the quarter, compared to the consensus estimate of $278.72 million. Nutanix had a negative return on equity of 126.21% and a negative net margin of 27.88%. The firm’s revenue was up 40.7% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.42) EPS.

A number of analysts have commented on NTNX shares. Robert W. Baird reaffirmed a “buy” rating and set a $64.00 price objective on shares of Nutanix in a research note on Friday, May 25th. Zacks Investment Research downgraded Nutanix from a “hold” rating to a “sell” rating in a report on Saturday, June 2nd. Stifel Nicolaus reiterated a “buy” rating and issued a $64.00 target price (up previously from $52.00) on shares of Nutanix in a report on Sunday, April 22nd. Oppenheimer upped their target price on Nutanix from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Tuesday, May 15th. Finally, FBN Securities upped their target price on Nutanix from $60.00 to $65.00 and gave the company an “outperform” rating in a report on Tuesday, May 29th. Three analysts have rated the stock with a sell rating, two have given a hold rating and eighteen have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $53.91.

NTNX stock traded up $0.37 during mid-day trading on Tuesday, reaching $54.33. 1,066,572 shares of the stock traded hands, compared to its average volume of 1,899,308. The company has a current ratio of 3.05, a quick ratio of 3.05 and a debt-to-equity ratio of 1.19. Nutanix has a 52-week low of $20.02 and a 52-week high of $64.87. The firm has a market capitalization of $9.21 billion, a PE ratio of -16.32 and a beta of 0.22.

In other news, President Sudheesh Nair Vadakkedath sold 40,000 shares of the stock in a transaction that occurred on Monday, May 21st. The stock was sold at an average price of $58.41, for a total value of $2,336,400.00. Following the completion of the sale, the president now directly owns 207,247 shares of the company’s stock, valued at $12,105,297.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP David Sangster sold 7,917 shares of the stock in a transaction that occurred on Monday, July 2nd. The shares were sold at an average price of $51.62, for a total value of $408,675.54. Following the completion of the sale, the executive vice president now directly owns 7,917 shares of the company’s stock, valued at $408,675.54. The disclosure for this sale can be found here. In the last quarter, insiders have sold 524,699 shares of company stock worth $29,333,810. Corporate insiders own 19.81% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. CAPROCK Group Inc. lifted its holdings in shares of Nutanix by 13.1% during the second quarter. CAPROCK Group Inc. now owns 7,925 shares of the technology company’s stock valued at $409,000 after acquiring an additional 920 shares during the period. IFP Advisors Inc lifted its position in shares of Nutanix by 14.1% during the 2nd quarter. IFP Advisors Inc now owns 8,146 shares of the technology company’s stock valued at $420,000 after acquiring an additional 1,004 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in shares of Nutanix by 7.9% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 14,310 shares of the technology company’s stock valued at $738,000 after acquiring an additional 1,044 shares during the period. Viridian Ria LLC lifted its position in shares of Nutanix by 6.1% during the 2nd quarter. Viridian Ria LLC now owns 19,885 shares of the technology company’s stock valued at $1,026,000 after acquiring an additional 1,151 shares during the period. Finally, First Midwest Bank Trust Division lifted its position in shares of Nutanix by 13.2% during the 2nd quarter. First Midwest Bank Trust Division now owns 10,383 shares of the technology company’s stock valued at $535,000 after acquiring an additional 1,207 shares during the period. 50.50% of the stock is owned by hedge funds and other institutional investors.

Nutanix Company Profile

Nutanix, Inc develops and provides an enterprise cloud operating system software. It offers enterprise applications, virtual desktop infrastructure, virtualization and cloud, big data, remote and branch office IT, and data protection and disaster recovery solutions; and hardware platforms and software options; and support and services.

Featured Story: Trading Strategy

Get a free copy of the Zacks research report on Nutanix (NTNX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Nutanix (NASDAQ:NTNX)

Receive News & Ratings for Nutanix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nutanix and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply