Q1 2018 Earnings Estimate for NVIDIA Corporation (NVDA) Issued By Jefferies Group

NVIDIA Corporation (NASDAQ:NVDA) – Research analysts at Jefferies Group lifted their Q1 2018 earnings per share (EPS) estimates for NVIDIA Corporation in a research note issued on Friday. Jefferies Group analyst M. Lipacis now expects that the firm will post earnings of $0.64 per share for the quarter, up from their previous forecast of $0.53. Jefferies Group has a “Buy” rating and a $140.00 price objective on the stock. Jefferies Group also issued estimates for NVIDIA Corporation’s Q2 2018 earnings at $0.62 EPS, Q4 2018 earnings at $0.74 EPS, FY2018 earnings at $2.68 EPS, Q1 2019 earnings at $0.67 EPS, Q2 2019 earnings at $0.78 EPS, Q3 2019 earnings at $0.90 EPS and Q4 2019 earnings at $0.96 EPS.

Other equities analysts have also issued research reports about the stock. B. Riley reissued a “buy” rating and issued a $85.00 price target on shares of NVIDIA Corporation in a report on Monday, November 7th. RBC Capital Markets upped their price objective on shares of NVIDIA Corporation from $124.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday. Instinet upped their price objective on shares of NVIDIA Corporation to $100.00 in a research note on Friday. Royal Bank Of Canada upped their price objective on shares of NVIDIA Corporation from $124.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Summit Redstone set a $120.00 price objective on shares of NVIDIA Corporation and gave the company a “buy” rating in a research note on Saturday. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nineteen have assigned a buy rating and four have given a strong buy rating to the company’s stock. NVIDIA Corporation has a consensus rating of “Buy” and an average price target of $93.58.

Earnings History and Estimates for NVIDIA Corporation (NASDAQ:NVDA)

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Shares of NVIDIA Corporation (NASDAQ:NVDA) traded up 0.79% during trading on Monday, reaching $109.24. 15,307,438 shares of the company were exchanged. The stock’s 50-day moving average is $108.88 and its 200-day moving average is $81.73. The firm has a market cap of $60.41 billion, a price-to-earnings ratio of 42.51 and a beta of 1.31. NVIDIA Corporation has a 52-week low of $24.75 and a 52-week high of $120.92.

NVIDIA Corporation (NASDAQ:NVDA) last announced its earnings results on Thursday, February 9th. The computer hardware maker reported $1.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.30. The firm earned $2.17 billion during the quarter, compared to analyst estimates of $2.10 billion. NVIDIA Corporation had a net margin of 23.82% and a return on equity of 34.13%. The company’s revenue for the quarter was up 54.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.35 EPS.

Several hedge funds have recently modified their holdings of NVDA. West Oak Capital LLC raised its stake in shares of NVIDIA Corporation by 183.6% in the third quarter. West Oak Capital LLC now owns 1,560 shares of the computer hardware maker’s stock worth $107,000 after buying an additional 1,010 shares in the last quarter. Brick & Kyle Associates raised its stake in shares of NVIDIA Corporation by 25.1% in the second quarter. Brick & Kyle Associates now owns 2,502 shares of the computer hardware maker’s stock worth $118,000 after buying an additional 502 shares in the last quarter. Cornerstone Advisors Inc. raised its stake in shares of NVIDIA Corporation by 52.2% in the third quarter. Cornerstone Advisors Inc. now owns 1,784 shares of the computer hardware maker’s stock worth $122,000 after buying an additional 612 shares in the last quarter. Stephens Inc. AR raised its stake in shares of NVIDIA Corporation by 10.2% in the third quarter. Stephens Inc. AR now owns 1,926 shares of the computer hardware maker’s stock worth $132,000 after buying an additional 179 shares in the last quarter. Finally, Mascoma Wealth Management LLC bought a new stake in shares of NVIDIA Corporation during the fourth quarter worth about $154,000. 85.00% of the stock is owned by hedge funds and other institutional investors.

“Q1 2018 Earnings Estimate for NVIDIA Corporation (NVDA) Issued By Jefferies Group” was posted by sleekmoney and is the sole property of of sleekmoney. If you are viewing this report on another site, it was stolen and reposted in violation of U.S. & international trademark & copyright law. The correct version of this report can be viewed at http://sleekmoney.com/q1-2018-earnings-estimate-for-nvidia-corporation-nvda-issued-by-jefferies-group/1660644.html.

In other NVIDIA Corporation news, EVP Debora Shoquist sold 19,265 shares of the business’s stock in a transaction on Thursday, December 29th. The shares were sold at an average price of $104.88, for a total transaction of $2,020,513.20. Following the transaction, the executive vice president now owns 318,791 shares in the company, valued at $33,434,800.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jen Hsun Huang sold 41,666 shares of the business’s stock in a transaction on Thursday, January 12th. The shares were sold at an average price of $102.74, for a total transaction of $4,280,764.84. Following the transaction, the insider now owns 1,751,872 shares in the company, valued at approximately $179,987,329.28. The disclosure for this sale can be found here. Insiders have sold 162,597 shares of company stock worth $17,895,685 in the last quarter. Company insiders own 5.82% of the company’s stock.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 17th. Shareholders of record on Friday, February 24th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend is Wednesday, February 22nd. NVIDIA Corporation’s dividend payout ratio (DPR) is 21.96%.

About NVIDIA Corporation

NVIDIA Corporation (NVIDIA) is engaged in visual computing. The Company operates through segments, including GPU and Tegra Processor. Its GPU businesses include GeForce for personal computer (PC) gaming; Quadro for design professionals working in computer-aided design, video editing, special effects and other creative applications; Tesla for deep learning and accelerated computing, leveraging the parallel computing capabilities of graphics processing units (GPUs) for general purpose computing, and GRID to provide the power of NVIDIA graphics through the cloud and datacenters.

5 Day Chart for NASDAQ:NVDA

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