NetEase (NTES) Scheduled to Post Quarterly Earnings on Thursday

NetEase (NASDAQ:NTES) will post 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 released its earnings results on Thursday, August 22nd. The technology company reported $12.05 EPS for the quarter, beating the consensus estimate of $1.62 by $10.43. NetEase had a net margin of 26.98% and a return on equity of 22.30%. The business had revenue of $25.49 billion during the quarter, compared to analyst estimates of $26.01 billion. During the same period in the prior year, the business earned $1.75 earnings per share. The business’s quarterly revenue was up 6.1% on a year-over-year basis. 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

NTES stock opened at $77.61 on Tuesday. NetEase has a 12 month low of $75.85 and a 12 month high of $118.89. The firm has a market cap of $49.84 billion, a PE ratio of 12.52, a P/E/G ratio of 1.70 and a beta of 0.57. The firm has a 50 day simple moving average of $83.59 and a 200 day simple moving average of $89.45.

NetEase Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were paid a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend was Friday, September 6th. NetEase’s dividend payout ratio is presently 28.22%.

Analyst Upgrades and Downgrades

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