Nutanix Inc (NTNX) Expected to Post Earnings of -$0.60 Per Share

Wall Street analysts expect Nutanix Inc (NASDAQ:NTNX) to post earnings of ($0.60) per share for the current fiscal quarter, according to Zacks Investment Research. Eleven analysts have issued estimates for Nutanix’s earnings. The lowest EPS estimate is ($0.63) and the highest is ($0.56). Nutanix posted earnings of ($0.21) per share during the same quarter last year, which suggests a negative year over year growth rate of 185.7%. The firm is scheduled to announce its next earnings results on Thursday, May 23rd.

According to Zacks, analysts expect that Nutanix will report full-year earnings of ($1.46) per share for the current fiscal year, with EPS estimates ranging from ($1.56) to ($1.28). For the next fiscal year, analysts expect that the company will post earnings of ($1.47) per share, with EPS estimates ranging from ($2.28) to ($0.54). Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Nutanix.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings results on Thursday, February 28th. The technology company reported ($0.55) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.57) by $0.02. The company had revenue of $335.36 million for the quarter, compared to analyst estimates of $331.04 million. Nutanix had a negative return on equity of 90.83% and a negative net margin of 31.41%.

A number of research firms have recently commented on NTNX. Wells Fargo & Co lowered Nutanix from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $70.00 to $45.00 in a research report on Friday, March 1st. Stifel Nicolaus lowered Nutanix from a “buy” rating to a “hold” rating and dropped their price target for the stock from $55.00 to $39.00 in a research report on Friday, March 1st. Jefferies Financial Group reaffirmed a “hold” rating on shares of Nutanix in a research report on Friday, March 1st. Needham & Company LLC reiterated a “buy” rating and set a $63.00 price objective (down from $76.00) on shares of Nutanix in a report on Friday, March 1st. Finally, Maxim Group decreased their price objective on Nutanix from $72.00 to $62.00 and set a “buy” rating for the company in a report on Friday, March 1st. Two analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the company. Nutanix currently has an average rating of “Hold” and an average target price of $54.53.

In other news, Director John Mcadam sold 15,000 shares of Nutanix stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $40.00, for a total transaction of $600,000.00. Following the completion of the transaction, the director now directly owns 54,024 shares in the company, valued at approximately $2,160,960. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Tyler Wall sold 12,132 shares of Nutanix stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $41.23, for a total value of $500,202.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,882 shares of company stock valued at $2,124,690. 14.57% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC boosted its stake in shares of Nutanix by 13.0% during the 4th quarter. FMR LLC now owns 19,000,669 shares of the technology company’s stock worth $790,238,000 after acquiring an additional 2,179,982 shares during the period. Vanguard Group Inc. boosted its stake in shares of Nutanix by 3.7% during the 3rd quarter. Vanguard Group Inc. now owns 10,774,780 shares of the technology company’s stock worth $460,298,000 after acquiring an additional 387,316 shares during the period. Vanguard Group Inc boosted its stake in shares of Nutanix by 3.7% during the 3rd quarter. Vanguard Group Inc now owns 10,774,780 shares of the technology company’s stock worth $460,298,000 after acquiring an additional 387,316 shares during the period. BlackRock Inc. boosted its stake in shares of Nutanix by 26.0% during the 4th quarter. BlackRock Inc. now owns 4,967,842 shares of the technology company’s stock worth $206,611,000 after acquiring an additional 1,024,789 shares during the period. Finally, Frontier Capital Management Co. LLC boosted its stake in shares of Nutanix by 136.2% during the 4th quarter. Frontier Capital Management Co. LLC now owns 2,587,285 shares of the technology company’s stock worth $107,605,000 after acquiring an additional 1,491,988 shares during the period. Institutional investors own 55.84% of the company’s stock.

Shares of NASDAQ NTNX traded up $1.15 during mid-day trading on Monday, reaching $37.74. 4,434,544 shares of the company’s stock were exchanged, compared to its average volume of 8,112,165. The firm has a market cap of $6.66 billion, a P/E ratio of -22.33 and a beta of 1.06. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.55 and a quick ratio of 2.55. Nutanix has a twelve month low of $32.52 and a twelve month high of $64.87.

Nutanix Company Profile

Nutanix, Inc, together with its subsidiaries, develops and provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. Its solution addresses a range of workloads, including enterprise applications, databases, virtual desktop infrastructure, unified communications, and big data analytics.

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Earnings History and Estimates for Nutanix (NASDAQ:NTNX)

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