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. Parties interested in participating in the company’s conference call can do so using this link.

Zoom Video Communications (NASDAQ:ZM) last posted its earnings results on Wednesday, August 21st. The company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.21 by $0.18. Zoom Video Communications had a net margin of 19.08% and a return on equity of 10.77%. The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the prior year, the firm earned $0.55 EPS. Zoom Video Communications’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 ZM stock opened at $81.14 on Monday. Zoom Video Communications has a 12-month low of $55.06 and a 12-month high of $87.15. The firm has a market capitalization of $24.97 billion, a price-to-earnings ratio of 29.08, a price-to-earnings-growth ratio of 6.99 and a beta of -0.05. The business has a 50 day simple moving average of $72.07 and a 200 day simple moving average of $64.89.

Analysts Set New Price Targets

ZM has been the topic of a number of research analyst reports. Bank of America lowered their price target on Zoom Video Communications from $78.00 to $75.00 and set a “neutral” rating on the stock in a report on Thursday, August 22nd. Deutsche Bank Aktiengesellschaft raised their target price on shares of Zoom Video Communications from $71.00 to $75.00 and gave the company a “hold” rating in a research note on Friday, August 23rd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $78.00 price target on shares of Zoom Video Communications in a research note on Friday, October 4th. Needham & Company LLC reiterated a “hold” rating on shares of Zoom Video Communications in a research note on Friday, October 11th. Finally, Wedbush began coverage on Zoom Video Communications in a report on Thursday, October 17th. They set an “outperform” rating and a $85.00 target price on the stock. Two equities 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 data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $76.26.

Insider Transactions at Zoom Video Communications

In related news, CEO Eric S. Yuan sold 178,571 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $76.91, for a total value of $13,733,895.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Aparna Bawa sold 831 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $66.29, for a total value of $55,086.99. Following the completion of the transaction, the chief operating officer now owns 1,978 shares in the company, valued at $131,121.62. This represents a 29.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 372,121 shares of company stock valued at $27,095,467 over the last ninety days. Corporate insiders own 10.78% of the company’s stock.

Zoom Video Communications Company Profile

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.