NetEase, Inc. (NASDAQ:NTES) Expected to Announce Quarterly Sales of $3.41 Billion

Brokerages predict that NetEase, Inc. (NASDAQ:NTES – Get Rating) will report $3.41 billion in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for NetEase’s earnings. The highest sales estimate is $3.49 billion and the lowest is $3.33 billion. NetEase posted sales of $3.13 billion in the same quarter last year, which would indicate a positive year over year growth rate of 8.9%. The firm is expected to issue its next earnings report before the market opens on Monday, January 1st.

On average, analysts expect that NetEase will report full-year sales of $14.27 billion for the current financial year, with estimates ranging from $13.49 billion to $14.78 billion. For the next year, analysts expect that the business will post sales of $16.17 billion, with estimates ranging from $15.24 billion to $16.88 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow NetEase.

NetEase (NASDAQ:NTES – Get Rating) last posted its quarterly earnings data on Tuesday, May 24th. The technology company reported $7.72 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $6.73. NetEase had a net margin of 19.25% and a return on equity of 18.79%. The firm had revenue of $23.56 billion during the quarter, compared to analyst estimates of $23.12 billion. During the same quarter last year, the business posted $1.00 EPS. The company’s revenue was up 14.8% on a year-over-year basis.

NTES has been the subject of a number of recent analyst reports. The Goldman Sachs Group initiated 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. Zacks Investment Research raised shares of NetEase from a “sell” rating to a “hold” rating in a research note on Wednesday, April 20th. Citigroup decreased their target price on shares of NetEase from $136.00 to $133.00 in a research note on Monday, February 14th. 86 Research raised shares of NetEase from a “hold” rating to a “buy” rating and set a $113.00 target price for the company in a research note on Friday, February 25th. Finally, StockNews.com started coverage on shares of NetEase in a research note on Thursday, March 31st. They set a “buy” rating for the company. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $127.00.

NetEase stock opened at $95.41 on Wednesday. The company has a 50 day moving average price of $92.33 and a 200 day moving average price of $97.24. NetEase has a 52 week low of $68.62 and a 52 week high of $119.61. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.22 and a current ratio of 2.24. The firm has a market capitalization of $63.91 billion, a price-to-earnings ratio of 24.59, a P/E/G ratio of 1.19 and a beta of 0.41.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 25th. Stockholders of record on Friday, March 11th were issued a dividend of $0.405 per share. This is an increase from NetEase’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Thursday, March 10th. This represents a $1.62 annualized dividend and a dividend yield of 1.70%. NetEase’s payout ratio is presently 41.49%.

Large investors have recently bought and sold shares of the company. Neuberger Berman Group LLC increased its stake in NetEase by 3.6% in the first quarter. Neuberger Berman Group LLC now owns 44,308 shares of the technology company’s stock valued at $4,003,000 after acquiring an additional 1,552 shares during the period. The Manufacturers Life Insurance Company increased its stake in NetEase by 40.5% in the first quarter. The Manufacturers Life Insurance Company now owns 96,706 shares of the technology company’s stock valued at $8,899,000 after acquiring an additional 27,886 shares during the period. Toroso Investments LLC increased its stake in NetEase by 1.1% in the first quarter. Toroso Investments LLC now owns 88,899 shares of the technology company’s stock valued at $7,973,000 after acquiring an additional 977 shares during the period. Capital International Sarl increased its stake in NetEase by 21.3% in the first quarter. Capital International Sarl now owns 33,791 shares of the technology company’s stock valued at $3,031,000 after acquiring an additional 5,942 shares during the period. Finally, Capital Group International Inc. CA increased its stake in NetEase by 1.1% in the first quarter. Capital Group International Inc. CA now owns 383,881 shares of the technology company’s stock valued at $34,430,000 after acquiring an additional 4,346 shares during the period. 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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