NetEase (NTES) Expected to Announce Quarterly Earnings on Thursday

NetEase (NASDAQ:NTES) will likely be announcing 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 that are interested in registering for the company’s earnings conference call can do so using this link.

NetEase (NASDAQ:NTES) last released its earnings results on Thursday, February 20th. The technology company reported $1.87 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.14. The firm 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 Stock Performance

NTES opened at $100.60 on Wednesday. The stock has a market cap of $64.60 billion, a price-to-earnings ratio of 15.79, a P/E/G ratio of 3.37 and a beta of 0.58. The stock’s 50 day moving average price is $98.77 and its 200-day moving average price is $90.28. NetEase has a one year low of $75.85 and a one year high of $111.12.

NetEase Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be paid a dividend of $0.435 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.73%. NetEase’s dividend payout ratio is 76.45%.

Analyst Ratings Changes

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

Institutional Trading of NetEase

An institutional investor recently raised its position in NetEase stock. Brighton Jones LLC boosted its stake in shares of NetEase, Inc. (NASDAQ:NTES) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,297 shares of the technology company’s stock after buying an additional 117 shares during the period. Brighton Jones LLC’s holdings in NetEase were worth $919,000 as of its most recent filing with the Securities & Exchange Commission. 11.07% of the stock is owned by institutional investors and hedge funds.

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.