$3.11 Billion in Sales Expected for NVIDIA Co. (NVDA) This Quarter

Brokerages predict that NVIDIA Co. (NASDAQ:NVDA) will post $3.11 billion in sales for the current quarter, according to Zacks. Ten analysts have provided estimates for NVIDIA’s earnings. The lowest sales estimate is $3.10 billion and the highest is $3.16 billion. NVIDIA reported sales of $2.23 billion during the same quarter last year, which would suggest a positive year over year growth rate of 39.5%. The business is expected to issue its next earnings report on Thursday, August 9th.

On average, analysts expect that NVIDIA will report full year sales of $13.18 billion for the current year, with estimates ranging from $12.81 billion to $13.55 billion. For the next fiscal year, analysts anticipate that the company will post sales of $14.59 billion per share, with estimates ranging from $12.80 billion to $15.97 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow NVIDIA.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Thursday, May 10th. The computer hardware maker reported $2.05 EPS for the quarter, topping the consensus estimate of $1.47 by $0.58. NVIDIA had a net margin of 34.44% and a return on equity of 52.18%. The firm had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $2.88 billion. During the same quarter in the prior year, the firm earned $0.85 EPS. NVIDIA’s quarterly revenue was up 65.6% on a year-over-year basis.

Several research analysts have commented on NVDA shares. Vetr cut shares of NVIDIA from a “buy” rating to a “hold” rating and set a $250.39 target price for the company. in a research report on Wednesday, February 14th. BidaskClub upgraded shares of NVIDIA from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 16th. Royal Bank of Canada restated an “outperform” rating and issued a $285.00 target price (up previously from $280.00) on shares of NVIDIA in a research report on Wednesday, March 14th. Argus upped their target price on shares of NVIDIA from $250.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, March 22nd. They noted that the move was a valuation call. Finally, ValuEngine upgraded shares of NVIDIA from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $260.06.

In related news, Director Persis Drell sold 5,141 shares of the company’s stock in a transaction that occurred on Wednesday, March 28th. The shares were sold at an average price of $220.73, for a total value of $1,134,772.93. Following the completion of the sale, the director now owns 20,963 shares in the company, valued at approximately $4,627,162.99. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael Byron sold 15,131 shares of the company’s stock in a transaction that occurred on Monday, May 21st. The shares were sold at an average price of $245.02, for a total transaction of $3,707,397.62. Following the completion of the sale, the insider now owns 92,285 shares of the company’s stock, valued at approximately $22,611,670.70. The disclosure for this sale can be found here. Insiders have sold 201,926 shares of company stock valued at $50,594,931 over the last 90 days. 4.70% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of the stock. HighPoint Advisor Group LLC lifted its position in NVIDIA by 111.6% in the 1st quarter. HighPoint Advisor Group LLC now owns 9,362 shares of the computer hardware maker’s stock worth $2,456,000 after buying an additional 4,937 shares in the last quarter. Nicola Wealth Management LTD. purchased a new stake in NVIDIA in the 1st quarter worth approximately $2,084,000. Shamrock Asset Management LLC lifted its position in NVIDIA by 378.0% in the 1st quarter. Shamrock Asset Management LLC now owns 2,390 shares of the computer hardware maker’s stock worth $580,000 after buying an additional 1,890 shares in the last quarter. Suntrust Banks Inc. lifted its position in NVIDIA by 136.5% in the 1st quarter. Suntrust Banks Inc. now owns 112,038 shares of the computer hardware maker’s stock worth $25,945,000 after buying an additional 64,672 shares in the last quarter. Finally, BKD Wealth Advisors LLC purchased a new stake in NVIDIA in the 1st quarter worth approximately $237,000. Institutional investors and hedge funds own 65.06% of the company’s stock.

NASDAQ NVDA traded up $3.88 on Monday, hitting $266.28. The stock had a trading volume of 430,586 shares, compared to its average volume of 11,138,800. NVIDIA has a one year low of $138.58 and a one year high of $266.59. The company has a current ratio of 8.54, a quick ratio of 7.82 and a debt-to-equity ratio of 0.26. The stock has a market cap of $158.20 billion, a price-to-earnings ratio of 56.95, a price-to-earnings-growth ratio of 3.59 and a beta of 1.54.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Thursday, May 24th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend is Wednesday, May 23rd. NVIDIA’s payout ratio is 12.85%.

NVIDIA Company Profile

NVIDIA Corporation operates as a visual computing company worldwide. It operates through two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for AI utilizing deep learning, accelerated computing, and general purpose computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.

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Earnings History and Estimates for NVIDIA (NASDAQ:NVDA)

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