NVIDIA (NASDAQ:NVDA) Releases Q3 Earnings Guidance

NVIDIA (NASDAQ:NVDA) updated its third quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.48-1.66 for the period, compared to the Thomson Reuters consensus estimate of $1.53. The company issued revenue guidance of $2.842-2.958 billion, compared to the consensus revenue estimate of $2.98 billion.NVIDIA also updated its Q3 2020 guidance to EPS.

A number of research firms have issued reports on NVDA. Wells Fargo & Co restated a buy rating on shares of NVIDIA in a report on Monday. Wedbush began coverage on shares of NVIDIA in a report on Wednesday, June 26th. They set an outperform rating and a $184.00 price target for the company. Summit Insights cut shares of NVIDIA from a buy rating to a hold rating and set a $158.57 price target for the company. in a report on Friday, May 17th. Summit Redstone cut shares of NVIDIA to a hold rating in a report on Friday, May 17th. Finally, Sanford C. Bernstein set a $150.00 price target on shares of NVIDIA and gave the company a hold rating in a report on Wednesday, June 26th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-six have assigned a buy rating to the company’s stock. NVIDIA currently has a consensus rating of Buy and a consensus price target of $194.07.

Shares of NASDAQ NVDA traded down $1.30 during mid-day trading on Thursday, hitting $148.77. The company had a trading volume of 10,342,240 shares, compared to its average volume of 13,071,729. 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 business’s 50-day simple moving average is $163.74 and its 200-day simple moving average is $163.42. NVIDIA has a 12 month low of $124.46 and a 12 month high of $292.76. The firm has a market cap of $92.23 billion, a P/E ratio of 24.51, a PEG ratio of 3.88 and a beta of 2.07.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Thursday, August 15th. The computer hardware maker reported $1.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.37. NVIDIA had a net margin of 30.68% and a return on equity of 31.27%. The firm had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the prior year, the business posted $1.94 earnings per share. The company’s quarterly revenue was down 17.4% compared to the same quarter last year. As a group, sell-side analysts predict that NVIDIA will post 4.16 EPS for the current year.

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

In related news, Director Persis Drell sold 2,500 shares of the 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 completion of the transaction, the director now owns 20,684 shares of the company’s stock, valued at $3,450,091.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Harvey C. Jones sold 100,000 shares of the 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 directly owns 32,983 shares of the company’s stock, valued at approximately $4,785,833.30. The disclosure for this sale can be found here. Insiders sold 104,736 shares of company stock valued at $15,293,726 in the last three months. Company insiders own 4.64% of the company’s stock.

About NVIDIA

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 and Estimates for NVIDIA (NASDAQ:NVDA)

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