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NVIDIA (NVDA) Reports Higher Q4 2024 EPS Estimates

Summary: Analysts at Zacks Research have increased their Q4 2024 earnings per share (EPS) estimates for NVIDIA. The computer hardware maker is now expected to post EPS of $1.81 for the quarter, up from their previous forecast of $1.79. The consensus estimate for NVIDIA's full-year earnings is $6.47 per share. Other analysts have also commented on the stock, with many giving it a “buy” rating and lifting their price targets. NVIDIA's stock performance has been strong and it currently has a market capitalization of $1.07 trillion.

NVIDIA's shares opened at $432.99 on Monday, with a 50-day moving average price of $436.34 and a 200-day moving average price of $332.05. The company has a 52-week low of $108.13 and a 52-week high of $480.88. NVIDIA reported $1.09 EPS for the previous quarter, beating the consensus estimate of $0.92. The company had revenue of $7.19 billion, surpassing analysts' expectations of $6.52 billion. NVIDIA's net margin was 18.52% and its return on equity was 23.63%.

In addition, NVIDIA recently announced a quarterly dividend, which was paid on June 30th. The company's CFO, Colette Kress, sold 6,124 shares of the stock, while Director John Dabiri sold 383 shares. Insiders have sold a total of 345,187 shares of company stock valued at $140,075,333, representing 3.99% of the stock.

Large investors have also been active in NVIDIA, with Bank Julius Baer & Co. Ltd Zurich, Price T Rowe Associates Inc. MD, and Geode Capital Management LLC increasing their stakes in the company. Norges Bank acquired a new stake in the company.

Source: Zacks Research, MarketBeat.

– Earnings Per Share (EPS): The portion of a company's profit allocated to each outstanding share of common stock.
– Price Target: An analyst's estimate of the future price of a stock.
– Dividend: A payment made by a corporation to its shareholders, usually as a distribution of profits.
– Net Margin: The percentage of revenue that remains as a company's net income after all expenses have been deducted.
– Return on Equity: A measure of profitability that calculates the amount of net income returned as a percentage of shareholders' equity.

Note: This article is based on information from the source article but has been rewritten to meet the given criteria.