Wall Street brokerages predict that Nutanix Inc (NASDAQ:NTNX) will report earnings of ($0.27) per share for the current fiscal quarter, according to Zacks. Nine analysts have provided estimates for Nutanix’s earnings. The highest EPS estimate is ($0.26) and the lowest is ($0.28). Nutanix reported earnings of ($0.16) per share in the same quarter last year, which indicates a negative year-over-year growth rate of 68.8%. The business is scheduled to report its next quarterly earnings report on Thursday, November 29th.
According to Zacks, analysts expect that Nutanix will report full year earnings of ($1.02) per share for the current financial year, with EPS estimates ranging from ($1.40) to ($0.85). For the next financial year, analysts expect that the firm will post earnings of ($0.64) per share, with EPS estimates ranging from ($1.52) to $0.16. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Nutanix.
Nutanix (NASDAQ:NTNX) last released its quarterly earnings results on Thursday, August 30th. The technology company reported ($0.11) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.48) by $0.37. Nutanix had a negative net margin of 25.72% and a negative return on equity of 95.75%. The business had revenue of $303.75 million for the quarter, compared to the consensus estimate of $298.30 million.
Several equities analysts recently commented on NTNX shares. KeyCorp upped their price target on shares of Nutanix from $64.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, June 22nd. Zacks Investment Research downgraded shares of Nutanix from a “hold” rating to a “sell” rating in a research note on Saturday, June 2nd. Royal Bank of Canada upped their price objective on shares of Nutanix to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 13th. Morgan Stanley upped their price objective on shares of Nutanix from $55.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Friday, August 31st. Finally, Raymond James cut their price objective on shares of Nutanix from $74.00 to $71.00 and set a “buy” rating for the company in a research report on Tuesday. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and seventeen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $57.55.
NTNX stock opened at $42.24 on Thursday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 3.05 and a current ratio of 3.05. Nutanix has a 52 week low of $21.63 and a 52 week high of $64.87. The stock has a market capitalization of $7.36 billion, a P/E ratio of -24.99 and a beta of 0.43.
In other news, Director John Mcadam sold 15,000 shares of the stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $51.46, for a total value of $771,900.00. Following the completion of the transaction, the director now owns 84,648 shares of the company’s stock, valued at $4,355,986.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP David Sangster sold 7,916 shares of the stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $55.75, for a total transaction of $441,317.00. Following the completion of the transaction, the executive vice president now directly owns 7,916 shares of the company’s stock, valued at approximately $441,317. The disclosure for this sale can be found here. Insiders sold 79,204 shares of company stock valued at $4,112,852 in the last three months. Company insiders own 19.81% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. FMR LLC lifted its holdings in shares of Nutanix by 5.4% in the second quarter. FMR LLC now owns 17,727,613 shares of the technology company’s stock worth $914,213,000 after acquiring an additional 900,523 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Nutanix by 6.7% in the first quarter. BlackRock Inc. now owns 6,269,670 shares of the technology company’s stock worth $307,903,000 after acquiring an additional 394,331 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Nutanix by 14.7% in the second quarter. Renaissance Technologies LLC now owns 3,068,900 shares of the technology company’s stock worth $158,263,000 after acquiring an additional 392,700 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Nutanix by 29.2% in the first quarter. JPMorgan Chase & Co. now owns 2,338,382 shares of the technology company’s stock worth $114,838,000 after acquiring an additional 529,079 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Nutanix by 2.7% in the first quarter. Northern Trust Corp now owns 1,182,220 shares of the technology company’s stock worth $58,059,000 after acquiring an additional 31,505 shares during the last quarter. 49.43% of the stock is owned by hedge funds and other institutional investors.
Nutanix Company Profile
Nutanix, Inc develops and provides an enterprise cloud operating system software. It offers enterprise applications, virtual desktop infrastructure, virtualization and cloud, big data, remote and branch office IT, and data protection and disaster recovery solutions; and hardware platforms and software options; and support and services.
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