SEA (SE) Scheduled to Post Quarterly Earnings on Tuesday

SEA (NYSE:SEGet Free Report) will be issuing its quarterly earnings data before the market opens on Tuesday, November 14th. Analysts expect the company to announce earnings of $0.55 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

SEA (NYSE:SEGet Free Report) last issued its quarterly earnings results on Tuesday, August 15th. The Internet company based in Singapore reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.11). The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.26 billion. SEA had a return on equity of 4.69% and a net margin of 2.17%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company earned ($1.35) EPS. On average, analysts expect SEA to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

SEA Trading Up 4.3 %

Shares of NYSE:SE opened at $45.48 on Friday. The company has a market capitalization of $25.69 billion, a P/E ratio of 116.62 and a beta of 1.70. SEA has a 1 year low of $34.87 and a 1 year high of $88.84. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.75 and a quick ratio of 1.73. The business’s 50 day simple moving average is $41.84 and its 200 day simple moving average is $53.93.

Institutional Trading of SEA

A number of institutional investors have recently modified their holdings of SE. Norges Bank purchased a new stake in shares of SEA during the fourth quarter worth about $237,386,000. Capital International Investors lifted its holdings in SEA by 92.1% in the first quarter. Capital International Investors now owns 3,418,102 shares of the Internet company based in Singapore’s stock worth $409,473,000 after buying an additional 1,638,408 shares during the period. Altimeter Capital Management LP lifted its holdings in SEA by 128.0% in the first quarter. Altimeter Capital Management LP now owns 2,850,000 shares of the Internet company based in Singapore’s stock worth $131,784,000 after buying an additional 1,600,000 shares during the period. Holocene Advisors LP lifted its holdings in SEA by 2,329.1% in the second quarter. Holocene Advisors LP now owns 720,223 shares of the Internet company based in Singapore’s stock worth $41,802,000 after buying an additional 690,573 shares during the period. Finally, Northern Trust Corp lifted its holdings in SEA by 95.3% in the first quarter. Northern Trust Corp now owns 1,307,871 shares of the Internet company based in Singapore’s stock worth $156,670,000 after buying an additional 638,040 shares during the period. 72.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on SE. KGI Securities cut SEA from an “outperform” rating to a “neutral” rating and set a $42.00 price target for the company. in a research note on Thursday, August 24th. Citigroup cut SEA from a “buy” rating to a “neutral” rating and dropped their price target for the company from $98.00 to $50.00 in a research note on Tuesday, August 15th. Sanford C. Bernstein dropped their price target on SEA from $90.00 to $70.00 and set an “outperform” rating for the company in a research note on Wednesday, August 16th. UBS Group upgraded SEA from a “neutral” rating to a “buy” rating and increased their price target for the company from $66.00 to $86.00 in a research note on Monday, July 31st. Finally, JPMorgan Chase & Co. cut SEA from an “overweight” rating to a “neutral” rating and set a $45.00 price target for the company. in a research note on Thursday, August 17th. Nine equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $71.24.

Read Our Latest Stock Report on SE

About SEA

(Get Free Report)

Sea Limited, together with its subsidiaries, engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally. It offers Garena digital entertainment platform for users to access mobile and PC online games, as well as eSports operations.

Further Reading

Earnings History for SEA (NYSE:SE)

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