Equities research analysts expect Tableau Software Inc (NYSE:DATA) to announce sales of $217.46 million for the current quarter, according to Zacks Investment Research. Ten analysts have made estimates for Tableau Software’s earnings. The highest sales estimate is $221.50 million and the lowest is $212.00 million. Tableau Software posted sales of $199.91 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 8.8%. The business is expected to report its next quarterly earnings report on Wednesday, May 2nd.
On average, analysts expect that Tableau Software will report full-year sales of $217.46 million for the current fiscal year, with estimates ranging from $945.00 million to $985.10 million. For the next fiscal year, analysts anticipate that the company will post sales of $1.09 billion per share, with estimates ranging from $1.02 billion to $1.15 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Tableau Software.
Tableau Software (NYSE:DATA) last announced its quarterly earnings data on Thursday, February 1st. The software company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.09. The business had revenue of $249.40 million during the quarter, compared to analysts’ expectations of $240.63 million. Tableau Software had a negative return on equity of 23.84% and a negative net margin of 21.16%. The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter last year, the business posted $0.26 EPS.
Several equities analysts have recently issued reports on DATA shares. Zacks Investment Research cut Tableau Software from a “hold” rating to a “sell” rating in a research note on Tuesday, January 23rd. Royal Bank of Canada reiterated a “hold” rating and issued a $75.00 price objective on shares of Tableau Software in a research note on Wednesday, November 15th. Mizuho reiterated a “hold” rating and issued a $68.00 price objective on shares of Tableau Software in a research note on Wednesday, January 17th. Robert W. Baird reiterated a “hold” rating and issued a $76.00 price objective on shares of Tableau Software in a research note on Sunday, November 19th. Finally, UBS Group set a $108.00 price objective on Tableau Software and gave the company a “buy” rating in a research note on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Tableau Software presently has a consensus rating of “Hold” and a consensus price target of $81.26.
In other Tableau Software news, Chairman Christian Chabot sold 450,000 shares of Tableau Software stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $78.23, for a total transaction of $35,203,500.00. Following the transaction, the chairman now owns 453,536 shares of the company’s stock, valued at $35,480,121.28. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Keenan Michael Conder sold 2,500 shares of Tableau Software stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $84.39, for a total value of $210,975.00. Following the transaction, the executive vice president now directly owns 119,842 shares in the company, valued at approximately $10,113,466.38. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 933,719 shares of company stock worth $73,445,439. 24.76% of the stock is currently owned by corporate insiders.
Several hedge funds have recently made changes to their positions in DATA. Steward Partners Investment Advisory LLC grew its stake in shares of Tableau Software by 871.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,486 shares of the software company’s stock valued at $102,000 after purchasing an additional 1,333 shares during the last quarter. American International Group Inc. purchased a new position in shares of Tableau Software in the 4th quarter valued at approximately $105,000. Invictus RG purchased a new position in shares of Tableau Software in the 3rd quarter valued at approximately $123,000. The Manufacturers Life Insurance Company grew its stake in shares of Tableau Software by 7.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,287 shares of the software company’s stock valued at $140,000 after purchasing an additional 167 shares during the last quarter. Finally, World Asset Management Inc purchased a new position in shares of Tableau Software in the 3rd quarter valued at approximately $210,000. Institutional investors own 82.92% of the company’s stock.
Shares of Tableau Software (NYSE DATA) traded down $2.21 on Friday, hitting $84.20. The stock had a trading volume of 580,852 shares, compared to its average volume of 974,222. The stock has a market cap of $6,890.00, a PE ratio of -67.40 and a beta of 0.79. Tableau Software has a fifty-two week low of $47.30 and a fifty-two week high of $87.60.
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Tableau Software Company Profile
Tableau Software, Inc (Tableau) offers software products. The Company’s products are used by people of diverse skill levels across all kinds of organizations. The Company’s products are used by people of skill levels across all kinds of organizations. Its technologies include visual query language (VizQL) and Hybrid Data Architecture.
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