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.
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.
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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.
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