Equities research analysts expect NVIDIA Co. (NASDAQ:NVDA) to report sales of $2.55 billion for the current quarter, according to Zacks. Ten analysts have issued estimates for NVIDIA’s earnings, with estimates ranging from $2.51 billion to $2.55 billion. NVIDIA reported sales of $3.12 billion during the same quarter last year, which would suggest a negative year over year growth rate of 18.3%. The company is expected to issue its next quarterly earnings report after the market closes on Thursday, August 15th.

According to Zacks, analysts expect that NVIDIA will report full-year sales of $10.88 billion for the current year, with estimates ranging from $10.55 billion to $11.10 billion. For the next fiscal year, analysts expect that the firm will post sales of $13.23 billion, with estimates ranging from $11.98 billion to $14.40 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow NVIDIA.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Thursday, May 16th. The computer hardware maker reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.07. NVIDIA had a net margin of 30.68% and a return on equity of 31.27%. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same period in the previous year, the firm earned $2.05 earnings per share. NVIDIA’s quarterly revenue was down 30.8% compared to the same quarter last year.

A number of equities research analysts have weighed in on NVDA shares. Summit Redstone cut shares of NVIDIA to a “hold” rating in a research report on Friday, May 17th. Stifel Nicolaus started coverage on shares of Theratechnologies in a research report on Tuesday, May 14th. They set a “buy” rating and a C$15.00 price target for the company. Morgan Stanley set a $20.00 price target on shares of C&J Energy Services and gave the company a “hold” rating in a research report on Monday, May 13th. Cascend Securities upgraded shares of NVIDIA from a “hold” rating to a “buy” rating and set a $190.00 price target for the company in a research report on Thursday, July 11th. Finally, Summit Insights cut shares of NVIDIA from a “buy” rating to a “hold” rating and set a $158.57 price target for the company. in a research report on Friday, May 17th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-six have assigned a buy rating to the stock. NVIDIA has a consensus rating of “Buy” and a consensus price target of $194.34.

NVDA stock traded down $1.74 during trading on Friday, reaching $168.44. 8,587,277 shares of the stock were exchanged, compared to its average volume of 9,931,920. The company has a quick ratio of 7.78, a current ratio of 8.98 and a debt-to-equity ratio of 0.25. The stock has a 50 day simple moving average of $154.74. NVIDIA has a 1 year low of $124.46 and a 1 year high of $292.76. The stock has a market cap of $102.58 billion, a price-to-earnings ratio of 27.75, a price-to-earnings-growth ratio of 4.31 and a beta of 2.09.

The company also recently declared a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, May 31st were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.38%. The ex-dividend date of this dividend was Thursday, May 30th. NVIDIA’s dividend payout ratio (DPR) is presently 10.54%.

In other NVIDIA news, Director Harvey C. Jones sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $145.10, for a total transaction of $14,510,000.00. Following the completion of the transaction, the director now owns 32,983 shares in the company, valued at approximately $4,785,833.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Persis Drell sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $166.80, for a total transaction of $417,000.00. Following the transaction, the director now owns 20,684 shares of the company’s stock, valued at approximately $3,450,091.20. The disclosure for this sale can be found here. Insiders have sold a total of 104,736 shares of company stock valued at $15,293,726 in the last quarter. 4.64% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Capital Financial Planning LLC purchased a new stake in shares of NVIDIA during the 4th quarter worth approximately $28,000. Clarfeld Financial Advisors LLC purchased a new stake in shares of NVIDIA during the 4th quarter worth approximately $29,000. Thor Advisors LLC purchased a new stake in shares of NVIDIA during the 1st quarter worth approximately $29,000. Harvest Group Wealth Management LLC purchased a new stake in shares of NVIDIA during the 1st quarter worth approximately $30,000. Finally, Truvestments Capital LLC purchased a new stake in shares of NVIDIA during the 1st quarter worth approximately $33,000. Institutional investors own 67.39% of the company’s stock.

About NVIDIA

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims specialized markets including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

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Earnings History and Estimates for NVIDIA (NASDAQ:NVDA)

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