NetEase (NTES) to Release Quarterly Earnings on Thursday

NetEase (NASDAQ:NTES) is scheduled to announce its earnings results before the market opens on Thursday, November 14th. Analysts expect the company to announce earnings of $1.43 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 posted its earnings results on Thursday, August 22nd. The technology company reported $12.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $10.43. The company had revenue of $25.49 billion during the quarter, compared to the consensus estimate of $26.01 billion. NetEase had a net margin of 26.98% and a return on equity of 22.30%. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm posted $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 Stock Performance

Shares of NTES opened at $78.47 on Wednesday. The business’s 50-day moving average is $83.53 and its two-hundred day moving average is $89.34. The company has a market capitalization of $50.39 billion, a P/E ratio of 12.66, a P/E/G ratio of 1.70 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.

NetEase Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were given a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend was Friday, September 6th. NetEase’s dividend payout ratio is currently 28.22%.

Analysts Set New Price Targets

A number of research analysts have weighed in on NTES shares. Jefferies Financial Group decreased their price objective 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. Bank of America reduced their target price on NetEase from $142.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, August 23rd. Barclays cut their price target on shares of NetEase from $104.00 to $82.00 and set an “equal weight” rating for the company in a report on Monday, August 26th. Finally, StockNews.com lowered shares of NetEase from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 20th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $112.67.

About NetEase

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.