Equities research analysts forecast that Pivotal Software (NASDAQ:PVTL) will report earnings per share (EPS) of ($0.04) for the current quarter, according to Zacks. Three analysts have provided estimates for Pivotal Software’s earnings. The lowest EPS estimate is ($0.04) and the highest is ($0.03). Pivotal Software posted earnings of ($0.06) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 33.3%. The business is scheduled to announce its next quarterly earnings results on Wednesday, September 11th.
On average, analysts expect that Pivotal Software will report full year earnings of ($0.15) per share for the current year, with EPS estimates ranging from ($0.17) to ($0.14). For the next year, analysts expect that the business will report earnings of $0.01 per share, with EPS estimates ranging from ($0.04) to $0.10. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Pivotal Software.
Pivotal Software (NASDAQ:PVTL) last issued its quarterly earnings data on Tuesday, June 4th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.02. The firm had revenue of $185.72 million for the quarter, compared to analysts’ expectations of $184.12 million. The firm’s revenue was up 19.3% on a year-over-year basis. During the same period last year, the company earned ($0.10) earnings per share.
PVTL has been the topic of several recent research reports. KeyCorp reaffirmed an “overweight” rating and set a $46.00 price objective on shares of FirstEnergy in a report on Wednesday, June 5th. Zacks Investment Research cut Home Bancshares from a “hold” rating to a “sell” rating in a report on Friday, June 7th. Morgan Stanley reaffirmed a “top pick” rating on shares of in a report on Wednesday, June 5th. William Blair reaffirmed an “outperform” rating on shares of Pivotal Software in a report on Wednesday, June 5th. Finally, Wedbush set a $39.00 price objective on Allena Pharmaceuticals and gave the stock a “buy” rating in a report on Wednesday, June 5th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $19.90.
In related news, President William Cook sold 30,000 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $21.11, for a total transaction of $633,300.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Robert C. Mee sold 21,135 shares of the stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $11.30, for a total value of $238,825.50. The disclosure for this sale can be found here. Insiders have sold a total of 93,558 shares of company stock worth $1,484,176 in the last 90 days.
Large investors have recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC purchased a new stake in Pivotal Software during the 1st quarter valued at $30,000. AdvisorNet Financial Inc purchased a new stake in Pivotal Software during the 2nd quarter valued at $32,000. BNP Paribas Arbitrage SA raised its holdings in Pivotal Software by 195.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,585 shares of the company’s stock valued at $33,000 after buying an additional 1,049 shares during the period. Advisor Group Inc. raised its holdings in Pivotal Software by 267.9% during the 4th quarter. Advisor Group Inc. now owns 2,704 shares of the company’s stock valued at $44,000 after buying an additional 1,969 shares during the period. Finally, Pearl River Capital LLC raised its holdings in Pivotal Software by 406.8% during the 1st quarter. Pearl River Capital LLC now owns 3,776 shares of the company’s stock valued at $78,000 after buying an additional 3,031 shares during the period.
Shares of PVTL traded up $0.17 during mid-day trading on Friday, hitting $9.92. 536,461 shares of the stock were exchanged, compared to its average volume of 2,203,102. Pivotal Software has a 52-week low of $9.64 and a 52-week high of $29.15. The stock has a 50-day simple moving average of $10.69.
About Pivotal Software
Pivotal Software, Inc, together with its subsidiaries, provides an integrated solution that combines a cloud-native application platform and services in the United States. Its cloud-native platform, Pivotal Cloud Foundry (PCF), accelerates and streamlines software development by reducing the complexity of building, deploying, and operating modern applications.
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