NetEase (NTES) Scheduled to Post Quarterly Earnings on Thursday

NetEase (NASDAQ:NTES) is scheduled to issue its quarterly earnings data before the market opens on Thursday, November 14th. Analysts expect the company to announce earnings of $1.43 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

NetEase (NASDAQ:NTES) last posted its quarterly earnings results on Thursday, August 22nd. The technology company reported $12.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $10.43. The business had revenue of $25.49 billion for the quarter, compared to the consensus estimate of $26.01 billion. NetEase had a return on equity of 22.30% and a net margin of 26.98%. The business’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.75 EPS. 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 $80.00 on Thursday. NetEase has a 1-year low of $75.85 and a 1-year high of $118.89. The business has a 50-day moving average price of $83.65 and a 200 day moving average price of $89.70. The company has a market capitalization of $51.37 billion, a P/E ratio of 13.05, a PEG ratio of 1.75 and a beta of 0.57.

NetEase Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 6th were issued a dividend of $0.435 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $1.74 dividend on an annualized basis and a yield of 2.18%. NetEase’s dividend payout ratio is currently 28.22%.

Analyst Ratings Changes

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