Zacks: Analysts Expect NVIDIA Co. (NVDA) Will Announce Quarterly Sales of $3.25 Billion
Equities research analysts expect NVIDIA Co. (NASDAQ:NVDA) to report sales of $3.25 billion for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have made estimates for NVIDIA’s earnings. The lowest sales estimate is $3.21 billion and the highest is $3.31 billion. NVIDIA reported sales of $2.64 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 23.1%. The company is scheduled to announce its next quarterly earnings report on Thursday, November 8th.
According to Zacks, analysts expect that NVIDIA will report full-year sales of $13.02 billion for the current year, with estimates ranging from $12.88 billion to $13.15 billion. For the next year, analysts expect that the business will report sales of $14.69 billion, with estimates ranging from $14.10 billion to $15.01 billion. Zacks’ sales averages are an average based on a survey of research firms that that provide coverage for NVIDIA.
NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, August 16th. The computer hardware maker reported $1.94 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.66 by $0.28. The firm had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.11 billion. NVIDIA had a net margin of 36.21% and a return on equity of 54.18%. The company’s revenue for the quarter was up 40.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.01 earnings per share.
In other NVIDIA news, CFO Colette Kress sold 11,576 shares of NVIDIA stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $266.31, for a total value of $3,082,804.56. Following the sale, the chief financial officer now owns 297,482 shares of the company’s stock, valued at $79,222,431.42. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 4.70% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of NVDA. Legacy Financial Advisors Inc. grew its holdings in NVIDIA by 111.0% during the 2nd quarter. Legacy Financial Advisors Inc. now owns 443 shares of the computer hardware maker’s stock valued at $110,000 after buying an additional 233 shares in the last quarter. Kwmg LLC purchased a new position in shares of NVIDIA in the second quarter valued at $105,000. Almanack Investment Partners LLC. purchased a new position in shares of NVIDIA in the second quarter valued at $127,000. Bruderman Asset Management LLC purchased a new position in shares of NVIDIA in the first quarter valued at $127,000. Finally, Ropes Wealth Advisors LLC grew its holdings in shares of NVIDIA by 561.8% in the second quarter. Ropes Wealth Advisors LLC now owns 589 shares of the computer hardware maker’s stock valued at $140,000 after purchasing an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 65.64% of the company’s stock.
Shares of NVDA stock traded down $0.60 during trading hours on Friday, hitting $267.81. 140,890 shares of the company’s stock traded hands, compared to its average volume of 8,020,157. The company has a market capitalization of $161.55 billion, a P/E ratio of 57.77, a PEG ratio of 3.48 and a beta of 1.62. NVIDIA has a 12 month low of $170.35 and a 12 month high of $285.22. The company has a debt-to-equity ratio of 0.23, a quick ratio of 6.66 and a current ratio of 7.41.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 21st. Shareholders of record on Thursday, August 30th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.22%. The ex-dividend date was Wednesday, August 29th. NVIDIA’s dividend payout ratio is 12.85%.
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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