NetEase (NTES) Scheduled to Post Earnings on Thursday

NetEase (NASDAQ:NTES) will 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. Parties that are interested in participating in the company’s conference call can do so using this link.

NetEase (NASDAQ:NTES) last released its earnings results on Thursday, August 22nd. The technology company reported $12.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $10.43. The business had revenue of $25.49 billion during the quarter, compared to the consensus estimate of $26.01 billion. NetEase had a net margin of 26.98% and a return on equity of 22.30%. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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 Stock Performance

NASDAQ:NTES opened at $77.61 on Tuesday. The company has a market capitalization of $49.84 billion, a PE ratio of 12.52, a P/E/G ratio of 1.70 and a beta of 0.57. The company has a 50 day simple moving average of $83.59 and a two-hundred day simple moving average of $89.45. NetEase has a fifty-two week low of $75.85 and a fifty-two week high of $118.89.

NetEase Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 6th were given a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date was Friday, September 6th. NetEase’s dividend payout ratio is presently 28.22%.

Analyst Ratings Changes

NTES has been the subject of a number of recent analyst reports. Jefferies Financial Group decreased their target price on shares of NetEase from $126.00 to $103.00 and set a “buy” rating for the company in a research report on Thursday, August 22nd. StockNews.com downgraded shares of NetEase from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 20th. Bank of America reduced 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. Finally, Barclays reduced 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. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.