VMware (NYSE:VMW) Issues Quarterly Earnings Results, Beats Expectations By $0.18 EPS

VMware (NYSE:VMW) posted its earnings results on Tuesday. The virtualization software provider reported $1.72 EPS for the quarter, topping the consensus estimate of $1.54 by $0.18, MarketWatch Earnings reports. VMware had a net margin of 16.77% and a return on equity of 23.49%. The business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.12 billion. During the same period last year, the company earned $1.05 EPS. The firm’s revenue was up 11.3% compared to the same quarter last year. VMware updated its Q4 guidance to $1.96 EPS.

NYSE VMW traded up $2.22 on Thursday, reaching $118.70. 3,951,881 shares of the company’s stock traded hands, compared to its average volume of 1,453,656. VMware has a 12 month low of $114.01 and a 12 month high of $172.00. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.52. The stock has a 50-day moving average price of $139.27. The firm has a market cap of $49.71 billion, a PE ratio of 24.37, a PEG ratio of 2.16 and a beta of 0.75.

The firm also recently declared a dividend, which was paid on Monday, November 1st. Shareholders of record on Friday, October 29th were given a dividend of $27.40 per share. This is a boost from VMware’s previous dividend of $26.81. The ex-dividend date of this dividend was Tuesday, November 2nd.

In related news, EVP Amy Fliegelman Olli sold 2,266 shares of the firm’s stock in a transaction on Monday, October 4th. The stock was sold at an average price of $151.15, for a total value of $342,505.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Sumit Dhawan sold 1,600 shares of the stock in a transaction on Tuesday, September 7th. The stock was sold at an average price of $146.52, for a total value of $234,432.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,344 shares of company stock valued at $794,470. Insiders own 27.80% of the company’s stock.

An institutional investor recently raised its position in VMware stock. Morgan Stanley boosted its position in VMware, Inc. (NYSE:VMW) by 38.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 482,318 shares of the virtualization software provider’s stock after purchasing an additional 133,792 shares during the period. Morgan Stanley owned about 0.12% of VMware worth $77,157,000 as of its most recent SEC filing. 16.99% of the stock is owned by institutional investors and hedge funds.

VMW has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft dropped their price target on shares of VMware from $145.00 to $135.00 and set a “hold” rating on the stock in a research report on Wednesday. The Goldman Sachs Group dropped their price target on shares of VMware from $159.00 to $136.00 and set a “neutral” rating on the stock in a research report on Wednesday. Barclays lowered their price objective on shares of VMware from $163.00 to $140.00 and set an “overweight” rating for the company in a research note on Wednesday. TheStreet lowered shares of VMware from a “b” rating to a “c+” rating in a research note on Thursday, November 18th. Finally, Oppenheimer lowered their price objective on shares of VMware from $175.00 to $148.00 and set an “outperform” rating for the company in a research note on Wednesday, November 3rd. Eleven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $154.18.

VMware Company Profile

VMware, Inc engages in the provision of cloud infrastructure and business mobility. Its products include Software-Defined Data Center, Hybrid Cloud Computing, and End-User Computing. It supports modernizing data centers, integrating public clouds, empowering digital workspaces and transforming security.

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Earnings History for VMware (NYSE:VMW)

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