NetEase (NTES) Projected to Post Earnings on Thursday

NetEase (NASDAQ:NTES) is expected to release its earnings data before the market opens on Thursday, March 6th. Analysts expect NetEase to post earnings of $1.73 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

NetEase (NASDAQ:NTES) last released its quarterly earnings data on Thursday, February 20th. The technology company reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.14. The business had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $27.16 billion. NetEase had a return on equity of 22.12% and a net margin of 28.17%. On average, analysts expect NetEase to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

NetEase Trading Up 1.7 %

NTES opened at $101.27 on Thursday. The stock has a market cap of $65.03 billion, a PE ratio of 15.90, a P/E/G ratio of 3.37 and a beta of 0.58. NetEase has a 1 year low of $75.85 and a 1 year high of $114.50. The stock’s 50 day simple moving average is $98.20 and its 200-day simple moving average is $89.99.

NetEase Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be given a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date is Thursday, March 6th. NetEase’s dividend payout ratio (DPR) is 76.45%.

Analysts Set New Price Targets

A number of equities analysts have commented on NTES shares. Benchmark boosted their price objective on NetEase from $105.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Citigroup boosted their price objective on NetEase from $108.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Morgan Stanley boosted their price objective on NetEase from $108.00 to $117.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. StockNews.com lowered NetEase from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 6th. Finally, Bank of America boosted their price objective on NetEase from $120.00 to $122.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, NetEase has a consensus rating of “Moderate Buy” and an average target price of $114.57.

NetEase Company Profile

NetEase, Inc engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally . The company operates through Games and Related Value-Added Services, Youdao, Cloud Music, and Innovative Businesses and Others segments.