NVIDIA (NASDAQ:NVDA) Posts Quarterly Earnings Results, Beats Estimates By $0.37 EPS

NVIDIA (NASDAQ:NVDA) issued its earnings results on Thursday. The computer hardware maker reported $1.24 EPS for the quarter, topping the consensus estimate of $0.87 by $0.37, RTT News reports. NVIDIA had a net margin of 30.68% and a return on equity of 31.27%. The company had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the previous year, the firm earned $1.94 earnings per share. The firm’s revenue for the quarter was down 17.4% on a year-over-year basis. NVIDIA updated its Q3 2020 guidance to EPS and its Q3 guidance to $1.48-1.66 EPS.

NVIDIA stock traded down $1.30 during mid-day trading on Thursday, reaching $148.77. The stock had a trading volume of 10,342,240 shares, compared to its average volume of 13,071,729. The company has a market capitalization of $92.23 billion, a price-to-earnings ratio of 24.51, a PEG ratio of 3.88 and a beta of 2.07. The company has a 50-day moving average price of $163.74 and a two-hundred day moving average price of $163.42. NVIDIA has a one year low of $124.46 and a one year high of $292.76. The company has a debt-to-equity ratio of 0.25, a current ratio of 8.98 and a quick ratio of 7.78.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Thursday, August 29th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.43%. NVIDIA’s payout ratio is 10.54%.



NVDA has been the topic of several analyst reports. Royal Bank of Canada decreased their target price on shares of NVIDIA from $200.00 to $190.00 and set an “outperform” rating on the stock in a research note on Tuesday. Cascend Securities raised shares of NVIDIA from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a research note on Thursday, July 11th. Stifel Nicolaus decreased their target price on shares of NVIDIA from $150.00 to $145.00 and set a “hold” rating on the stock in a research note on Tuesday, May 14th. BidaskClub downgraded shares of NVIDIA from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Finally, Wells Fargo & Co reissued a “buy” rating on shares of NVIDIA in a research report on Monday. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-six have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $194.07.

In related news, Director Persis Drell sold 2,500 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $166.80, for a total value of $417,000.00. Following the transaction, the director now owns 20,684 shares in the company, valued at approximately $3,450,091.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Harvey C. Jones sold 100,000 shares of the company’s stock in a transaction dated Monday, June 17th. The stock was 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 disclosure for this sale can be found here. In the last quarter, insiders sold 104,736 shares of company stock worth $15,293,726. 4.64% of the stock is currently owned by company insiders.

NVIDIA Company Profile

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 for NVIDIA (NASDAQ:NVDA)

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