-$0.60 EPS Expected for Nutanix Inc (NTNX) This Quarter

Equities research analysts expect Nutanix Inc (NASDAQ:NTNX) to announce earnings of ($0.60) per share for the current quarter, according to Zacks Investment Research. Eleven analysts have made 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 would indicate a negative year over year growth rate of 185.7%. The company is scheduled to issue its next quarterly earnings report after the market closes on Thursday, May 30th.

On average, 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 year, analysts forecast that the business will report earnings of ($1.47) per share, with EPS estimates ranging from ($2.25) to ($0.54). Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Nutanix.

Nutanix (NASDAQ:NTNX) last announced its 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 firm had revenue of $335.36 million during the quarter, compared to analysts’ expectations 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 equities analysts have recently commented on NTNX shares. Bank of America reiterated a “buy” rating and issued a $51.00 target price (down previously from $63.00) on shares of Nutanix in a report on Friday, March 1st. Morgan Stanley upgraded Nutanix from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $57.00 to $58.00 in a report on Tuesday, January 15th. Jefferies Financial Group restated a “hold” rating on shares of Nutanix in a report on Friday, March 1st. ValuEngine cut Nutanix from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Finally, BTIG Research dropped their price objective on Nutanix to $50.00 and set a “buy” rating for the company in a report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $54.29.

Shares of Nutanix stock opened at $37.07 on Friday. The company has a market capitalization of $6.75 billion, a PE ratio of -21.93 and a beta of 1.07. 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 one year low of $32.52 and a one year high of $64.87.

In other Nutanix news, COO David Sangster sold 7,917 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $35.99, for a total value of $284,932.83. Following the completion of the sale, the chief operating officer now directly owns 7,917 shares in the company, valued at approximately $284,932.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Tyler Wall sold 12,132 shares of the company’s stock in a transaction 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. Insiders sold a total of 35,049 shares of company stock valued at $1,385,135 over the last quarter. Company insiders own 14.57% of the company’s stock.

Several hedge funds have recently modified their holdings of the business. FMR LLC lifted its holdings in shares of Nutanix by 13.0% in the 4th quarter. FMR LLC now owns 19,000,669 shares of the technology company’s stock worth $790,238,000 after buying an additional 2,179,982 shares during the period. Vanguard Group Inc raised its position in shares of Nutanix by 3.7% in 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 in the last quarter. BlackRock Inc. raised its position in shares of Nutanix by 26.0% in 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 in the last quarter. Frontier Capital Management Co. LLC raised its position in shares of Nutanix by 1.8% in the 1st quarter. Frontier Capital Management Co. LLC now owns 2,633,279 shares of the technology company’s stock worth $99,380,000 after acquiring an additional 45,994 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Nutanix by 0.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,482,788 shares of the technology company’s stock worth $106,065,000 after acquiring an additional 15,922 shares in the last quarter. Institutional investors and hedge funds own 54.89% of the company’s stock.

About Nutanix

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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