Q2 2019 Earnings Estimate for Nutanix Inc (NTNX) Issued By Jefferies Financial Group

Nutanix Inc (NASDAQ:NTNX) – Equities researchers at Jefferies Financial Group raised their Q2 2019 EPS estimates for shares of Nutanix in a research report issued on Wednesday, November 28th. Jefferies Financial Group analyst J. Difucci now anticipates that the technology company will post earnings per share of ($0.63) for the quarter, up from their prior forecast of ($0.64). Jefferies Financial Group currently has a “Hold” rating and a $48.00 price objective on the stock. Jefferies Financial Group also issued estimates for Nutanix’s Q4 2019 earnings at ($0.73) EPS, FY2019 earnings at ($2.55) EPS, Q1 2020 earnings at ($0.66) EPS, Q2 2020 earnings at ($0.70) EPS, Q3 2020 earnings at ($0.64) EPS, Q4 2020 earnings at ($0.55) EPS and FY2020 earnings at ($2.54) EPS.

Nutanix (NASDAQ:NTNX) last released its earnings results on Tuesday, November 27th. The technology company reported ($0.51) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.27) by ($0.24). The business had revenue of $313.28 million for the quarter, compared to analysts’ expectations of $305.21 million. Nutanix had a negative net margin of 27.65% and a negative return on equity of 94.01%. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the company posted ($0.16) earnings per share.

Other equities analysts have also recently issued reports about the company. Stifel Nicolaus reduced their target price on Nutanix from $64.00 to $55.00 and set a “buy” rating for the company in a research note on Wednesday, November 28th. Raymond James dropped their price target on Nutanix from $74.00 to $71.00 and set a “buy” rating on the stock in a research report on Tuesday, September 25th. Needham & Company LLC upped their price target on Nutanix from $65.00 to $71.00 and gave the company a “buy” rating in a research report on Friday, August 31st. Maxim Group reissued a “buy” rating and set a $72.00 price target on shares of Nutanix in a research report on Wednesday, November 28th. Finally, Morgan Stanley upped their price target on Nutanix from $55.00 to $57.00 and gave the company an “equal weight” rating in a research report on Friday, August 31st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and seventeen have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $58.65.

Nutanix stock opened at $44.96 on Monday. The company has a market cap of $7.73 billion, a PE ratio of -26.60 and a beta of 0.67. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.76 and a quick ratio of 2.76. Nutanix has a 52 week low of $29.34 and a 52 week high of $64.87.

In other Nutanix news, Director John Mcadam sold 15,000 shares of the stock in a transaction on Monday, September 10th. The stock was sold at an average price of $51.46, for a total value of $771,900.00. Following the sale, the director now directly owns 84,648 shares of the company’s stock, valued at $4,355,986.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP David Sangster sold 7,917 shares of the stock in a transaction on Monday, October 1st. The stock was sold at an average price of $43.52, for a total value of $344,547.84. Following the completion of the sale, the executive vice president now directly owns 7,917 shares in the company, valued at $344,547.84. The disclosure for this sale can be found here. Insiders sold 39,204 shares of company stock worth $1,870,312 over the last ninety days. 14.57% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of NTNX. Great Lakes Advisors LLC grew its stake in shares of Nutanix by 1.5% in the third quarter. Great Lakes Advisors LLC now owns 69,152 shares of the technology company’s stock worth $2,954,000 after purchasing an additional 998 shares in the last quarter. Belpointe Asset Management LLC grew its stake in shares of Nutanix by 172.5% in the third quarter. Belpointe Asset Management LLC now owns 21,401 shares of the technology company’s stock worth $914,000 after purchasing an additional 13,548 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Nutanix by 3.7% in the third quarter. Vanguard Group Inc. now owns 10,774,780 shares of the technology company’s stock worth $460,298,000 after purchasing an additional 387,316 shares in the last quarter. Morgan Stanley grew its stake in shares of Nutanix by 8.8% in the third quarter. Morgan Stanley now owns 1,016,710 shares of the technology company’s stock worth $43,435,000 after purchasing an additional 82,456 shares in the last quarter. Finally, Lombard Odier Asset Management USA Corp bought a new position in shares of Nutanix in the third quarter worth $1,922,000. 50.06% of the stock is currently owned by hedge funds and other institutional investors.

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.

Further Reading: Analyzing a company’s cash flow statement

Earnings History and Estimates for Nutanix (NASDAQ:NTNX)

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