Analysts Expect Nutanix Inc (NASDAQ:NTNX) Will Post Earnings of -$0.69 Per Share

Equities research analysts expect that Nutanix Inc (NASDAQ:NTNX) will announce earnings per share of ($0.69) for the current fiscal quarter, Zacks reports. Eight analysts have made estimates for Nutanix’s earnings, with the highest EPS estimate coming in at ($0.65) and the lowest estimate coming in at ($0.70). Nutanix reported earnings per share of ($0.23) during the same quarter last year, which indicates a negative year-over-year growth rate of 200%. The firm is expected to report its next earnings report on Thursday, February 27th.

On average, analysts expect that Nutanix will report full year earnings of ($2.87) per share for the current fiscal year, with EPS estimates ranging from ($3.04) to ($2.75). For the next financial year, analysts forecast that the firm will post earnings of ($2.49) per share, with EPS estimates ranging from ($3.49) to ($2.11). Zacks’ EPS averages are an average based on a survey of analysts that cover Nutanix.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings data on Monday, November 25th. The technology company reported ($0.71) EPS for the quarter, beating the consensus estimate of ($1.13) by $0.42. Nutanix had a negative net margin of 61.10% and a negative return on equity of 236.32%. The business had revenue of $314.80 million for the quarter, compared to the consensus estimate of $306.42 million. During the same period in the prior year, the firm earned ($0.13) EPS. The business’s revenue for the quarter was up .5% on a year-over-year basis.

A number of analysts have recently commented on the company. KeyCorp boosted their price objective on Nutanix from $40.00 to $42.00 and gave the company an “overweight” rating in a research report on Tuesday, November 26th. William Blair restated a “buy” rating on shares of Nutanix in a research report on Thursday, August 29th. Maxim Group upped their price target on Nutanix from $48.00 to $52.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Piper Jaffray Companies boosted their price target on shares of Nutanix from $29.00 to $35.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. Finally, Royal Bank of Canada dropped their price target on shares of Nutanix from $39.00 to $32.00 and set an “outperform” rating for the company in a research note on Wednesday, August 28th. Nine investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Nutanix has a consensus rating of “Buy” and an average price target of $40.44.

Shares of NASDAQ NTNX opened at $36.15 on Friday. The firm’s 50 day simple moving average is $29.41 and its 200-day simple moving average is $26.58. The company has a debt-to-equity ratio of 2.46, a current ratio of 2.13 and a quick ratio of 2.13. Nutanix has a 12 month low of $17.74 and a 12 month high of $54.68. The stock has a market capitalization of $6.83 billion, a price-to-earnings ratio of -11.37 and a beta of 1.44.

In related news, CFO Duston Williams sold 19,610 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $26.71, for a total transaction of $523,783.10. Following the transaction, the chief financial officer now owns 218,596 shares of the company’s stock, valued at $5,838,699.16. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Dheeraj Pandey sold 75,495 shares of Nutanix stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $36.60, for a total transaction of $2,763,117.00. Following the completion of the sale, the chief executive officer now owns 211,177 shares of the company’s stock, valued at $7,729,078.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 150,244 shares of company stock worth $5,092,374. 9.79% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Oregon Public Employees Retirement Fund bought a new stake in Nutanix in the 2nd quarter valued at $1,925,000. First Trust Advisors LP grew its position in Nutanix by 167.4% in the second quarter. First Trust Advisors LP now owns 1,952,096 shares of the technology company’s stock valued at $50,637,000 after acquiring an additional 1,221,956 shares during the period. Bank of Nova Scotia raised its stake in Nutanix by 45.5% during the second quarter. Bank of Nova Scotia now owns 240,067 shares of the technology company’s stock worth $6,227,000 after acquiring an additional 75,067 shares in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of Nutanix by 62.4% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 4,166 shares of the technology company’s stock worth $107,000 after purchasing an additional 1,601 shares during the last quarter. Finally, Pinnacle Associates Ltd. bought a new position in Nutanix during the 2nd quarter valued at about $243,000. Institutional investors own 65.58% of the company’s stock.

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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