Nvidia (NVDA) Expected to Post Quarterly Sales of $2.91 Billion

Equities analysts expect Nvidia (NASDAQ:NVDA) to announce $2.91 billion in sales for the current quarter, Zacks Investment Research reports. Ten analysts have issued estimates for Nvidia’s earnings. The lowest sales estimate is $2.90 billion and the highest is $2.96 billion. Nvidia reported sales of $1.94 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 50%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, May 8th.

According to Zacks, analysts expect that Nvidia will report full year sales of $2.91 billion for the current fiscal year, with estimates ranging from $11.05 billion to $13.37 billion. For the next year, analysts forecast that the company will report sales of $14.08 billion per share, with estimates ranging from $11.00 billion to $15.57 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Nvidia.

How to Become a New Pot Stock Millionaire

Nvidia (NASDAQ:NVDA) last released its earnings results on Thursday, February 8th. The computer hardware maker reported $1.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.56. Nvidia had a net margin of 31.36% and a return on equity of 45.02%. The business had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same period last year, the company posted $1.13 EPS. The business’s revenue was up 34.0% on a year-over-year basis.

NVDA has been the topic of a number of research reports. Bank of America reissued a “buy” rating and issued a $275.00 target price (up from $251.00) on shares of Nvidia in a research note on Friday, January 19th. B. Riley reissued a “buy” rating and issued a $270.00 target price on shares of Nvidia in a research note on Monday, January 8th. Vetr lowered shares of Nvidia from a “strong-buy” rating to a “buy” rating and set a $275.09 target price on the stock. in a research note on Monday, March 12th. Zacks Investment Research lowered shares of Nvidia from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 15th. Finally, Morgan Stanley raised shares of Nvidia from an “equal weight” rating to an “overweight” rating and set a $258.00 target price on the stock in a research note on Monday. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $217.16.

NVDA traded up $1.16 during trading on Wednesday, reaching $215.41. The company’s stock had a trading volume of 12,488,120 shares, compared to its average volume of 16,680,973. The company has a debt-to-equity ratio of 0.27, a current ratio of 8.03 and a quick ratio of 7.34. Nvidia has a 1 year low of $95.49 and a 1 year high of $254.50. The firm has a market capitalization of $129,621.25, a price-to-earnings ratio of 46.13, a price-to-earnings-growth ratio of 3.37 and a beta of 1.51.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 16th. Shareholders of record on Friday, February 23rd were paid a $0.15 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $0.60 annualized dividend and a dividend yield of 0.28%. Nvidia’s dividend payout ratio (DPR) is 12.85%.

In other Nvidia news, Director Persis Drell sold 5,141 shares of the business’s stock in a transaction on Wednesday, March 28th. The shares were sold at an average price of $220.73, for a total value of $1,134,772.93. Following the completion of the transaction, the director now owns 20,963 shares in the company, valued at $4,627,162.99. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mark L. Perry sold 17,307 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $227.93, for a total transaction of $3,944,784.51. Following the completion of the transaction, the director now owns 30,762 shares of the company’s stock, valued at approximately $7,011,582.66. The disclosure for this sale can be found here. In the last 90 days, insiders sold 94,959 shares of company stock valued at $22,692,182. Insiders own 5.17% of the company’s stock.

Several large investors have recently bought and sold shares of NVDA. SB Investment Advisers UK Ltd. acquired a new position in shares of Nvidia in the fourth quarter worth $5,200,218,000. Whale Rock Capital Management LLC acquired a new position in shares of Nvidia during the third quarter worth $93,171,000. Geode Capital Management LLC grew its stake in shares of Nvidia by 7.7% during the fourth quarter. Geode Capital Management LLC now owns 7,194,300 shares of the computer hardware maker’s stock worth $1,389,500,000 after purchasing an additional 512,166 shares in the last quarter. Old Mutual Global Investors UK Ltd. grew its stake in shares of Nvidia by 71.3% during the fourth quarter. Old Mutual Global Investors UK Ltd. now owns 1,028,663 shares of the computer hardware maker’s stock worth $199,046,000 after purchasing an additional 428,046 shares in the last quarter. Finally, Global X Management Co. LLC grew its stake in shares of Nvidia by 124.8% during the fourth quarter. Global X Management Co. LLC now owns 616,045 shares of the computer hardware maker’s stock worth $119,205,000 after purchasing an additional 342,038 shares in the last quarter. Institutional investors and hedge funds own 66.93% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece on another website, it was illegally stolen and republished in violation of international trademark & copyright laws. The legal version of this piece can be viewed at https://www.dispatchtribunal.com/2018/04/09/nvidia-nvda-expected-to-post-quarterly-sales-of-2-91-billion.html.

Nvidia Company Profile

NVIDIA Corporation operates as a visual computing company worldwide. It operates through two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for AI utilizing deep learning, accelerated computing, and general purpose computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.

Get a free copy of the Zacks research report on Nvidia (NVDA)

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

Earnings History and Estimates for Nvidia (NASDAQ:NVDA)

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

Leave a Reply