NetEase (NTES) Scheduled to Post Earnings on Thursday

NetEase (NASDAQ:NTES) is set to release its earnings data before the market opens on Thursday, November 14th. Analysts expect NetEase to post earnings of $1.43 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

NetEase (NASDAQ:NTES) last released its quarterly earnings results on Thursday, August 22nd. The technology company reported $12.05 EPS for the quarter, beating the consensus estimate of $1.62 by $10.43. NetEase had a net margin of 26.98% and a return on equity of 22.30%. The business had revenue of $25.49 billion for the quarter, compared to the consensus estimate of $26.01 billion. During the same period in the prior year, the company posted $1.75 earnings per share. NetEase’s revenue was up 6.1% compared to the same quarter last year. On average, analysts expect NetEase to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

NetEase Stock Up 1.1 %

NTES opened at $77.61 on Tuesday. NetEase has a twelve month low of $75.85 and a twelve month high of $118.89. The company has a 50-day simple moving average of $83.59 and a 200 day simple moving average of $89.45. The stock has a market capitalization of $49.84 billion, a price-to-earnings ratio of 12.52, a P/E/G ratio of 1.70 and a beta of 0.57.

NetEase Cuts Dividend

The company also recently disclosed 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. The ex-dividend date was Friday, September 6th. This represents a $1.74 annualized dividend and a yield of 2.24%. NetEase’s dividend payout ratio is 28.22%.

Analyst Upgrades and Downgrades

NTES has been the subject of several recent analyst reports. Barclays cut their price objective on shares of NetEase from $104.00 to $82.00 and set an “equal weight” rating for the company in a research report on Monday, August 26th. Bank of America cut their price objective on shares of NetEase from $142.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, August 23rd. Jefferies Financial Group dropped their target price on shares of NetEase from $126.00 to $103.00 and set a “buy” rating for the company in a report on Thursday, August 22nd. Finally, StockNews.com cut shares of NetEase from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 20th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently 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.