Equities analysts expect that Nutanix Inc (NASDAQ:NTNX) will report earnings per share of ($0.21) for the current quarter, Zacks reports. Nine analysts have made estimates for Nutanix’s earnings. The highest EPS estimate is ($0.19) and the lowest is ($0.24). Nutanix posted earnings of ($0.33) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 36.4%. The firm is expected to report its next quarterly earnings results after the market closes on Thursday, August 30th.

According to Zacks, analysts expect that Nutanix will report full year earnings of ($0.73) per share for the current financial year, with EPS estimates ranging from ($0.75) to ($0.70). For the next year, analysts anticipate that the firm will report earnings of ($0.58) per share, with EPS estimates ranging from ($1.03) to ($0.25). Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Nutanix.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings data on Thursday, May 24th. The technology company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.02). The firm had revenue of $289.40 million during the quarter, compared to analyst estimates of $278.72 million. Nutanix had a negative return on equity of 126.21% and a negative net margin of 27.88%. The company’s revenue was up 40.7% on a year-over-year basis. During the same quarter last year, the company posted ($0.42) EPS.

NTNX has been the subject of several research analyst reports. Robert W. Baird restated a “buy” rating and set a $61.00 price target on shares of Nutanix in a research report on Thursday, May 10th. ValuEngine raised shares of Nutanix from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $64.00 price objective (up previously from $52.00) on shares of Nutanix in a research note on Sunday, April 22nd. Needham & Company LLC upped their price objective on shares of Nutanix to $65.00 and gave the company a “buy” rating in a research note on Tuesday, May 22nd. They noted that the move was a valuation call. Finally, Morgan Stanley upped their price objective on shares of Nutanix from $52.00 to $55.00 and gave the company an “equal weight” rating in a research note on Friday, May 25th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $53.91.

Shares of Nutanix stock traded up $0.37 during trading hours on Tuesday, reaching $54.33. The stock had a trading volume of 1,066,572 shares, compared to its average volume of 1,899,308. The company has a market cap of $9.21 billion, a P/E ratio of -16.32 and a beta of 0.22. Nutanix has a twelve month low of $20.02 and a twelve month high of $64.87. The company has a debt-to-equity ratio of 1.19, a quick ratio of 3.05 and a current ratio of 3.05.

In related news, President Sudheesh Nair Vadakkedath sold 40,000 shares of the stock in a transaction that occurred on Monday, May 21st. The shares were sold at an average price of $58.41, for a total transaction of $2,336,400.00. Following the completion of the transaction, the president now owns 207,247 shares of the company’s stock, valued at approximately $12,105,297.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David Sangster sold 7,916 shares of the stock in a transaction that occurred on Friday, June 1st. The stock was sold at an average price of $55.64, for a total transaction of $440,446.24. Following the transaction, the executive vice president now directly owns 7,916 shares of the company’s stock, valued at approximately $440,446.24. The disclosure for this sale can be found here. In the last three months, insiders sold 524,699 shares of company stock valued at $29,333,810. Corporate insiders own 19.81% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Thompson Davis & CO. Inc. boosted its position in shares of Nutanix by 1,600.0% during the 1st quarter. Thompson Davis & CO. Inc. now owns 2,125 shares of the technology company’s stock worth $104,000 after purchasing an additional 2,000 shares during the period. Thompson Siegel & Walmsley LLC lifted its holdings in Nutanix by 97.6% during the 1st quarter. Thompson Siegel & Walmsley LLC now owns 4,150 shares of the technology company’s stock worth $204,000 after buying an additional 2,050 shares in the last quarter. Aperio Group LLC acquired a new stake in Nutanix during the 1st quarter worth approximately $205,000. CIBC Asset Management Inc acquired a new stake in Nutanix during the 1st quarter worth approximately $250,000. Finally, People s United Financial Inc. acquired a new stake in Nutanix during the 2nd quarter worth approximately $271,000. 50.50% of the stock is owned by hedge funds and other institutional investors.

Nutanix Company Profile

Nutanix, Inc develops and provides an enterprise cloud operating system software. It offers enterprise applications, virtual desktop infrastructure, virtualization and cloud, big data, remote and branch office IT, and data protection and disaster recovery solutions; and hardware platforms and software options; and support and services.

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Earnings History and Estimates for Nutanix (NASDAQ:NTNX)

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