-$0.26 EPS Expected for Nutanix Inc. (NTNX) This Quarter
Wall Street analysts expect Nutanix Inc. (NASDAQ:NTNX) to announce earnings per share (EPS) of ($0.26) for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Nutanix’s earnings, with estimates ranging from ($0.27) to ($0.23). Nutanix posted earnings of ($0.37) per share in the same quarter last year, which suggests a positive year-over-year growth rate of 29.7%. The business is scheduled to announce its next quarterly earnings results after the market closes on Thursday, November 30th.
According to Zacks, analysts expect that Nutanix will report full year earnings of ($0.97) per share for the current year, with EPS estimates ranging from ($1.05) to ($0.84). For the next fiscal year, analysts expect that the company will post earnings of ($0.60) per share, with EPS estimates ranging from ($1.04) to ($0.27). Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Nutanix.
Nutanix (NASDAQ:NTNX) last released its quarterly earnings data on Thursday, August 31st. The technology company reported ($0.33) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.38) by $0.05. The firm had revenue of $226.10 million during the quarter, compared to analyst estimates of $216.00 million. Nutanix had a negative return on equity of 295.56% and a negative net margin of 59.72%. The business’s revenue for the quarter was up 61.7% on a year-over-year basis.
A number of brokerages recently commented on NTNX. Royal Bank Of Canada raised their price target on Nutanix from $34.00 to $37.00 and gave the stock an “outperform” rating in a research note on Friday. Vetr lowered Nutanix from a “strong-buy” rating to a “buy” rating and set a $31.00 price target for the company. in a research note on Tuesday, October 24th. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $28.00 price target on shares of Nutanix in a research note on Thursday, September 14th. Maxim Group reaffirmed a “buy” rating and issued a $41.00 price target on shares of Nutanix in a research note on Friday, September 1st. Finally, Jefferies Group LLC began coverage on Nutanix in a research note on Thursday, August 17th. They issued a “buy” rating and a $30.00 price target for the company. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $31.24.
Shares of Nutanix (NASDAQ NTNX) traded up $2.98 during mid-day trading on Tuesday, reaching $33.18. The company had a trading volume of 7,209,300 shares, compared to its average volume of 3,025,635. Nutanix has a 12 month low of $14.38 and a 12 month high of $34.75.
In other Nutanix news, EVP David Sangster sold 108,000 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $30.02, for a total value of $3,242,160.00. Following the completion of the transaction, the executive vice president now owns 108,000 shares in the company, valued at $3,242,160. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Kenneth W. Long III sold 30,000 shares of the stock in a transaction on Friday, November 10th. The stock was sold at an average price of $29.11, for a total value of $873,300.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,738,869 shares of company stock valued at $48,256,598. 19.81% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the company. Thompson Davis & CO. Inc. increased its holdings in shares of Nutanix by 320.0% during the third quarter. Thompson Davis & CO. Inc. now owns 5,250 shares of the technology company’s stock valued at $118,000 after acquiring an additional 4,000 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Nutanix by 3,147.6% during the second quarter. Legal & General Group Plc now owns 8,801 shares of the technology company’s stock valued at $175,000 after acquiring an additional 8,530 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Nutanix during the second quarter valued at $186,000. Stifel Financial Corp bought a new position in shares of Nutanix during the third quarter valued at $215,000. Finally, First Allied Advisory Services Inc. bought a new position in shares of Nutanix during the third quarter valued at $215,000. Hedge funds and other institutional investors own 32.81% of the company’s stock.
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Nutanix Company Profile
Nutanix, Inc is a United States-based company, which provides an enterprise cloud platform that converges silos of server, virtualization and storage into an integrated solution. The Company’s enterprise cloud platform connects to public cloud services. It has operations in the United States; Europe, the Middle East and Africa; Asia-Pacific, and Other Americas.
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