NetEase (NTES) Set to Announce Earnings on Tuesday

NetEase (NASDAQ:NTES – Get Rating) is scheduled to post its quarterly earnings results before the market opens on Tuesday, May 24th. Analysts expect NetEase to post earnings of $0.99 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

NetEase (NASDAQ:NTES – Get Rating) last issued its earnings results on Thursday, February 24th. The technology company reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.57. The firm had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.62 billion. NetEase had a net margin of 19.25% and a return on equity of 18.79%. On average, analysts expect NetEase to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shares of NTES stock opened at $93.25 on Tuesday. The company has a current ratio of 2.24, a quick ratio of 2.22 and a debt-to-equity ratio of 0.01. The firm has a fifty day moving average price of $90.65 and a 200 day moving average price of $97.47. The company has a market cap of $62.47 billion, a P/E ratio of 24.03, a PEG ratio of 1.14 and a beta of 0.41. NetEase has a 12 month low of $68.62 and a 12 month high of $120.84.

The company also recently announced a quarterly dividend, which was paid on Friday, March 25th. Investors of record on Friday, March 11th were paid a dividend of $0.405 per share. The ex-dividend date of this dividend was Thursday, March 10th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 1.74%. This is an increase from NetEase’s previous quarterly dividend of $0.23. NetEase’s payout ratio is presently 41.49%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP raised its holdings in NetEase by 13.7% during the first quarter. Wellington Management Group LLP now owns 1,580,905 shares of the technology company’s stock worth $141,792,000 after purchasing an additional 191,068 shares in the last quarter. Deutsche Bank AG grew its position in NetEase by 1.4% during the fourth quarter. Deutsche Bank AG now owns 968,025 shares of the technology company’s stock worth $98,526,000 after buying an additional 13,662 shares during the period. Renaissance Technologies LLC grew its position in NetEase by 4,887.2% during the first quarter. Renaissance Technologies LLC now owns 234,400 shares of the technology company’s stock worth $21,023,000 after buying an additional 229,700 shares during the period. Parametric Portfolio Associates LLC grew its position in NetEase by 5.0% during the fourth quarter. Parametric Portfolio Associates LLC now owns 184,368 shares of the technology company’s stock worth $18,765,000 after buying an additional 8,774 shares during the period. Finally, Norges Bank acquired a new position in NetEase during the fourth quarter worth about $12,907,000. 21.18% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently commented on NTES. Zacks Investment Research upgraded shares of NetEase from a “sell” rating to a “hold” rating in a research note on Wednesday, April 20th. StockNews.com started coverage on shares of NetEase in a research note on Thursday, March 31st. They set a “buy” rating for the company. 86 Research upgraded shares of NetEase from a “hold” rating to a “buy” rating and set a $113.00 price objective for the company in a research note on Friday, February 25th. Citigroup decreased their price objective on shares of NetEase from $136.00 to $133.00 in a research note on Monday, February 14th. Finally, The Goldman Sachs Group started coverage on shares of NetEase in a research note on Sunday, April 10th. They issued a “buy” rating and a $132.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $127.30.

NetEase Company Profile (Get Rating)

NetEase, Inc provides online services focusing on gaming, communication, and commerce in the Peoples' Republic of China and internationally. The company operates in three segments: Online Games Services, Youdao, and Innovative Businesses and Others. It develops and operates PC and mobile games, as well as offers games licensed from other game developers.

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