NetEase (NTES) to Release Quarterly Earnings on Thursday

NetEase (NASDAQ:NTES) is anticipated to announce its earnings results before the market opens on Thursday, March 6th. Analysts expect the company to announce earnings of $1.73 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

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

NetEase Stock Performance

Shares of NTES opened at $96.63 on Tuesday. The stock has a market capitalization of $62.05 billion, a PE ratio of 15.17, a PEG ratio of 3.37 and a beta of 0.58. The stock has a 50-day simple moving average of $98.61 and a 200-day simple moving average of $90.20. NetEase has a 1 year low of $75.85 and a 1 year high of $111.93.

NetEase Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.435 per share. The ex-dividend date is Thursday, March 6th. This represents a $1.74 annualized dividend and a dividend yield of 1.80%. NetEase’s dividend payout ratio is presently 76.45%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NTES. StockNews.com cut shares of NetEase from a “strong-buy” rating to a “buy” rating in a report on Friday, December 6th. Bank of America raised their target price on shares of NetEase from $120.00 to $122.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Morgan Stanley lifted their price target on shares of NetEase from $108.00 to $117.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Barclays lifted their price objective on NetEase from $82.00 to $104.00 and gave the company an “equal weight” rating in a research report on Monday, February 24th. Finally, Citigroup boosted their target price on shares of NetEase from $108.00 to $115.00 and gave the company a “buy” rating in a report on Friday, November 15th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, NetEase currently has a consensus rating of “Moderate Buy” and an average price target 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.