VMware (NYSE:VMW) Issues FY20 Earnings Guidance

VMware (NYSE:VMW) updated its FY20 earnings guidance on Thursday. The company provided EPS guidance of approx $6.54 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.52. The company issued revenue guidance of approx $10.03 billion, compared to the consensus revenue estimate of $10.04 billion.VMware also updated its FY 2020 guidance to EPS.

Several equities research analysts have recently commented on the company. Oppenheimer upped their price objective on VMware from $200.00 to $220.00 and gave the stock an outperform rating in a research note on Monday, April 29th. Jefferies Financial Group increased their price target on VMware from $203.00 to $213.00 and gave the stock a buy rating in a research note on Friday, May 31st. BMO Capital Markets cut their price target on VMware from $198.00 to $160.00 and set an outperform rating for the company in a research note on Wednesday. KeyCorp reiterated an overweight rating and issued a $214.00 price target (up previously from $206.00) on shares of VMware in a research note on Friday, May 31st. Finally, Citigroup set a $212.00 price target on VMware and gave the stock a buy rating in a research note on Friday, August 16th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $187.64.

Shares of VMW traded up $0.06 during midday trading on Thursday, hitting $148.15. 1,619,648 shares of the company traded hands, compared to its average volume of 1,309,193. The firm has a 50 day moving average of $165.18 and a 200-day moving average of $177.28. VMware has a 52 week low of $129.33 and a 52 week high of $206.80. The stock has a market cap of $59.00 billion, a price-to-earnings ratio of 30.05, a PEG ratio of 2.23 and a beta of 0.81. The company has a debt-to-equity ratio of 7.57, a quick ratio of 0.97 and a current ratio of 0.97.



VMware (NYSE:VMW) last released its quarterly earnings data on Thursday, August 22nd. The virtualization software provider reported $1.60 EPS for the quarter, beating the consensus estimate of $1.55 by $0.05. VMware had a net margin of 21.50% and a return on equity of 36.48%. The business had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.43 billion. During the same quarter in the prior year, the firm earned $1.54 EPS. The business’s revenue was up 12.2% on a year-over-year basis. Sell-side analysts predict that VMware will post 4.87 earnings per share for the current fiscal year.

In other VMware news, insider P. Kevan Krysler sold 2,661 shares of the stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $173.96, for a total transaction of $462,907.56. Following the completion of the transaction, the insider now owns 34,774 shares of the company’s stock, valued at approximately $6,049,285.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Rajiv Ramaswami sold 38,813 shares of the stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $170.58, for a total transaction of $6,620,721.54. Following the transaction, the chief operating officer now directly owns 181,243 shares of the company’s stock, valued at approximately $30,916,430.94. The disclosure for this sale can be found here. Insiders have sold a total of 84,053 shares of company stock valued at $14,639,696 in the last three months. Insiders own 28.80% of the company’s stock.

VMware Company Profile

VMware, Inc provides software in the areas of hybrid cloud, multi-cloud, modern applications, networking and security, and digital workspaces in the United States and internationally. The company offers compute products, including VMware vSphere, a data center platform, which enables users to deploy hypervisor, a layer of software that resides between the operating system and system hardware to enable compute virtualization; and cloud management products for businesses with automated operation, programmable provisioning, and application monitoring solutions.

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Earnings History and Estimates for VMware (NYSE:VMW)

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