Zoom Video Communications (ZM) to Release Earnings on Monday

Zoom Video Communications (NASDAQ:ZM) is scheduled to be announcing its earnings results after the market closes on Monday, November 25th. Analysts expect the company to announce earnings of $1.31 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Zoom Video Communications (NASDAQ:ZM) last issued its quarterly earnings data on Wednesday, August 21st. The company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.18. Zoom Video Communications had a return on equity of 10.77% and a net margin of 19.08%. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the company earned $0.55 EPS. The company’s quarterly revenue was up 2.1% on a year-over-year basis. On average, analysts expect Zoom Video Communications to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Zoom Video Communications Price Performance

Shares of Zoom Video Communications stock opened at $85.88 on Friday. The business has a 50-day moving average of $73.43 and a 200 day moving average of $65.51. Zoom Video Communications has a 12 month low of $55.06 and a 12 month high of $87.15. The stock has a market capitalization of $26.43 billion, a price-to-earnings ratio of 30.78, a price-to-earnings-growth ratio of 6.93 and a beta of -0.05.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Wells Fargo & Company boosted their price objective on Zoom Video Communications from $55.00 to $60.00 and gave the company an “underweight” rating in a research note on Thursday, August 22nd. Needham & Company LLC reissued a “hold” rating on shares of Zoom Video Communications in a report on Friday, October 11th. Rosenblatt Securities reissued a “buy” rating and issued a $78.00 target price on shares of Zoom Video Communications in a report on Friday. Scotiabank raised Zoom Video Communications to a “hold” rating in a research note on Tuesday, November 19th. Finally, Morgan Stanley increased their price objective on Zoom Video Communications from $68.00 to $86.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Zoom Video Communications presently has a consensus rating of “Hold” and a consensus price target of $76.61.

Insiders Place Their Bets

In related news, COO Aparna Bawa sold 831 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $66.29, for a total transaction of $55,086.99. Following the completion of the sale, the chief operating officer now directly owns 1,978 shares of the company’s stock, valued at $131,121.62. The trade was a 29.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Eric S. Yuan sold 178,571 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $76.91, for a total transaction of $13,733,895.61. The disclosure for this sale can be found here. Insiders have sold a total of 367,108 shares of company stock valued at $26,796,191 in the last 90 days. 10.78% of the stock is currently owned by insiders.

About Zoom Video Communications

Zoom Video Communications, Inc provides unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, an enterprise cloud phone system; and Zoom Chat enables users to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices.