NetEase (NTES) Scheduled to Post Quarterly Earnings on Thursday

NetEase (NASDAQ:NTES) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, November 14th. Analysts expect NetEase to post earnings of $1.43 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

NetEase (NASDAQ:NTES) last announced its earnings results on Thursday, August 22nd. The technology company reported $12.05 EPS for the quarter, topping the consensus estimate of $1.62 by $10.43. The company had revenue of $25.49 billion for the quarter, compared to analysts’ expectations of $26.01 billion. NetEase had a net margin of 26.98% and a return on equity of 22.30%. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period last year, the firm earned $1.75 earnings per share. On average, analysts expect NetEase to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

NetEase Price Performance

Shares of NASDAQ NTES opened at $80.00 on Thursday. The stock has a market capitalization of $51.37 billion, a PE ratio of 13.05, a P/E/G ratio of 1.75 and a beta of 0.57. NetEase has a fifty-two week low of $75.85 and a fifty-two week high of $118.89. The business has a fifty day moving average price of $83.65 and a two-hundred day moving average price of $89.70.

NetEase Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 6th were issued a $0.435 dividend. This represents a $1.74 annualized dividend and a yield of 2.18%. The ex-dividend date was Friday, September 6th. NetEase’s dividend payout ratio is currently 28.22%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Barclays reduced their price objective on NetEase from $104.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Monday, August 26th. StockNews.com cut shares of NetEase from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 20th. Jefferies Financial Group decreased their target price on shares of NetEase from $126.00 to $103.00 and set a “buy” rating on the stock in a research note on Thursday, August 22nd. Finally, Bank of America cut their price objective on NetEase from $142.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, August 23rd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $112.67.

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.