Brokerages predict that Tableau Software Inc (NYSE:DATA) will report earnings of ($0.18) per share for the current quarter, Zacks reports. Ten analysts have issued estimates for Tableau Software’s earnings, with estimates ranging from ($0.23) to ($0.11). Tableau Software reported earnings per share of ($0.03) during the same quarter last year, which indicates a negative year over year growth rate of 500%. The business is expected to report its next quarterly earnings results after the market closes on Wednesday, May 2nd.
On average, analysts expect that Tableau Software will report full year earnings of $0.11 per share for the current fiscal year, with EPS estimates ranging from ($0.05) to $0.19. For the next fiscal year, analysts anticipate that the company will post earnings of $0.43 per share, with EPS estimates ranging from $0.09 to $0.74. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Tableau Software.
Tableau Software (NYSE:DATA) last issued its earnings results on Thursday, February 1st. The software company reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.09. Tableau Software had a negative return on equity of 23.84% and a negative net margin of 21.16%. The company had revenue of $249.40 million during the quarter, compared to the consensus estimate of $240.63 million. During the same quarter in the prior year, the business earned $0.26 earnings per share. The company’s revenue was down .5% compared to the same quarter last year.
DATA has been the topic of several recent analyst reports. Monness Crespi & Hardt initiated coverage on Tableau Software in a research note on Wednesday, April 11th. They issued a “neutral” rating on the stock. Mizuho reiterated a “neutral” rating and issued a $85.00 price target (up previously from $68.00) on shares of Tableau Software in a research note on Thursday, February 1st. Zacks Investment Research cut Tableau Software from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. ValuEngine upgraded Tableau Software from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Finally, Wells Fargo boosted their price target on Tableau Software to $90.00 and gave the stock a “market perform” rating in a research note on Friday, February 2nd. Eighteen investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Tableau Software presently has an average rating of “Hold” and an average target price of $82.92.
In other news, Chairman Christian Chabot sold 450,000 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $78.23, for a total transaction of $35,203,500.00. Following the sale, the chairman now directly owns 453,536 shares in the company, valued at approximately $35,480,121.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director A Brooke Seawell sold 2,010 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $83.29, for a total value of $167,412.90. Following the sale, the director now owns 1,781 shares in the company, valued at $148,339.49. The disclosure for this sale can be found here. Insiders have sold a total of 933,719 shares of company stock worth $73,445,439 over the last quarter. Insiders own 24.76% of the company’s stock.
Several institutional investors have recently made changes to their positions in DATA. The Manufacturers Life Insurance Company raised its position in shares of Tableau Software by 7.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,287 shares of the software company’s stock worth $140,000 after purchasing an additional 167 shares during the period. Prudential Financial Inc. acquired a new stake in shares of Tableau Software during the 3rd quarter worth approximately $257,000. Principal Financial Group Inc. acquired a new stake in shares of Tableau Software during the 3rd quarter worth approximately $717,000. New York State Common Retirement Fund raised its position in shares of Tableau Software by 1.8% during the 3rd quarter. New York State Common Retirement Fund now owns 134,800 shares of the software company’s stock worth $10,095,000 after purchasing an additional 2,360 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Tableau Software by 5.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 233,562 shares of the software company’s stock worth $17,492,000 after buying an additional 11,957 shares in the last quarter. Institutional investors and hedge funds own 83.12% of the company’s stock.
Shares of NYSE:DATA traded up $3.28 during trading on Thursday, hitting $84.46. The company’s stock had a trading volume of 1,314,428 shares, compared to its average volume of 865,063. Tableau Software has a fifty-two week low of $50.81 and a fifty-two week high of $87.60. The stock has a market cap of $6,516.28, a price-to-earnings ratio of -36.09 and a beta of 0.79.
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Tableau Software Company Profile
Tableau Software, Inc provides business analytics software products. It offers Tableau Desktop, an analytics product that empowers people to access and analyze data; and Tableau Server, a business intelligence platform with data management and scalability to foster sharing of analytics, as well as to enhance the dissemination of information in an organization and promote decision-making.
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