iQIYI (NASDAQ:IQ) Issues Quarterly Earnings Results, Beats Expectations By $0.01 EPS

iQIYI (NASDAQ:IQ) posted its earnings results on Tuesday. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.01, Zacks reports. iQIYI had a net margin of 4.69% and a return on equity of 13.26%.

iQIYI Price Performance

Shares of NASDAQ:IQ opened at $2.31 on Wednesday. The company has a 50-day simple moving average of $2.13 and a 200-day simple moving average of $2.36. iQIYI has a one year low of $1.82 and a one year high of $5.80. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.45 and a current ratio of 0.45. The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of 11.55, a PEG ratio of 4.10 and a beta of 0.03.

Analysts Set New Price Targets

Several analysts recently weighed in on IQ shares. Benchmark reiterated a “hold” rating on shares of iQIYI in a report on Friday, January 24th. HSBC upgraded shares of iQIYI from a “reduce” rating to a “hold” rating and set a $2.15 price target for the company in a research note on Thursday, January 16th. Hsbc Global Res upgraded shares of iQIYI from a “moderate sell” rating to a “hold” rating in a research note on Thursday, January 16th. Citigroup dropped their price target on shares of iQIYI from $3.00 to $2.80 and set a “buy” rating for the company in a research note on Thursday, January 16th. Finally, OTR Global restated a “negative” rating on shares of iQIYI in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, iQIYI currently has a consensus rating of “Hold” and an average target price of $2.91.

iQIYI Company Profile

iQIYI, Inc, together with its subsidiaries, provides online entertainment video services in the People's Republic of China. It offers various products and services, including online video, online games, online literature, animations, and other products. The company operates a platform that provides a collection of internet video content, such as professionally produced content licensed from professional content providers and self-produced content.