Zacks: Analysts Anticipate NetEase, Inc. (NASDAQ:NTES) Will Post Earnings of $1.15 Per Share

Equities research analysts expect NetEase, Inc. (NASDAQ:NTESGet Rating) to post $1.15 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for NetEase’s earnings. The highest EPS estimate is $1.20 and the lowest is $1.09. NetEase reported earnings of $1.00 per share in the same quarter last year, which would suggest a positive year over year growth rate of 15%. The business is expected to announce its next quarterly earnings report before the market opens on Monday, January 1st.

On average, analysts expect that NetEase will report full-year earnings of $4.17 per share for the current financial year, with EPS estimates ranging from $3.79 to $4.37. For the next financial year, analysts expect that the business will report earnings of $5.16 per share, with EPS estimates ranging from $5.15 to $5.16. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that cover NetEase.

NetEase (NASDAQ:NTESGet Rating) last released its quarterly earnings data on Thursday, February 24th. The technology company reported $1.34 EPS for the quarter, beating the consensus estimate of $0.77 by $0.57. The company had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.62 billion. NetEase had a return on equity of 18.79% and a net margin of 19.25%.

Several brokerages have issued reports on NTES. 86 Research raised NetEase from a “hold” rating to a “buy” rating and set a $113.00 price target for the company in a report on Friday, February 25th. Zacks Investment Research raised NetEase from a “sell” rating to a “hold” rating in a report on Wednesday, April 20th. StockNews.com initiated coverage on NetEase in a report on Thursday, March 31st. They set a “buy” rating for the company. The Goldman Sachs Group initiated coverage on NetEase in a report on Sunday, April 10th. They set a “buy” rating and a $132.00 target price for the company. Finally, JPMorgan Chase & Co. raised NetEase from an “underweight” rating to an “overweight” rating and lifted their target price for the stock from $60.00 to $120.00 in a report on Monday, May 16th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, NetEase has an average rating of “Buy” and a consensus price target of $127.00.

NetEase stock traded up $0.17 during mid-day trading on Monday, hitting $97.04. 1,978,594 shares of the company’s stock traded hands, compared to its average volume of 2,553,536. The firm has a 50 day simple moving average of $91.84 and a two-hundred day simple moving average of $97.29. NetEase has a fifty-two week low of $68.62 and a fifty-two week high of $119.61. The stock has a market cap of $65.00 billion, a price-to-earnings ratio of 25.01, a P/E/G ratio of 1.19 and a beta of 0.41. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.24 and a quick ratio of 2.22.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 25th. Shareholders of record on Friday, March 11th were paid a $0.405 dividend. The ex-dividend date was Thursday, March 10th. This is a positive change from NetEase’s previous quarterly dividend of $0.23. This represents a $1.62 annualized dividend and a yield of 1.67%. NetEase’s payout ratio is 41.49%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Neuberger Berman Group LLC grew its holdings in NetEase by 3.6% during the first quarter. Neuberger Berman Group LLC now owns 44,308 shares of the technology company’s stock worth $4,003,000 after buying an additional 1,552 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in NetEase by 40.5% in the 1st quarter. The Manufacturers Life Insurance Company now owns 96,706 shares of the technology company’s stock valued at $8,899,000 after purchasing an additional 27,886 shares during the period. Toroso Investments LLC grew its stake in NetEase by 1.1% in the 1st quarter. Toroso Investments LLC now owns 88,899 shares of the technology company’s stock valued at $7,973,000 after purchasing an additional 977 shares during the period. Capital International Sarl grew its stake in NetEase by 21.3% in the 1st quarter. Capital International Sarl now owns 33,791 shares of the technology company’s stock valued at $3,031,000 after purchasing an additional 5,942 shares during the period. Finally, Capital Group International Inc. CA grew its stake in NetEase by 1.1% in the 1st quarter. Capital Group International Inc. CA now owns 383,881 shares of the technology company’s stock valued at $34,430,000 after purchasing an additional 4,346 shares during the period. Hedge funds and other institutional investors own 21.18% of the company’s stock.

About NetEase (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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