Analysts expect Baidu Inc (NASDAQ:BIDU) to post $2.11 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Baidu’s earnings, with estimates ranging from $1.73 to $2.74. Baidu reported earnings per share of $2.29 during the same quarter last year, which would indicate a negative year-over-year growth rate of 7.9%. The company is scheduled to announce its next quarterly earnings results on Tuesday, February 12th.
On average, analysts expect that Baidu will report full year earnings of $10.01 per share for the current fiscal year, with EPS estimates ranging from $9.32 to $10.39. For the next fiscal year, analysts anticipate that the firm will report earnings of $10.65 per share, with EPS estimates ranging from $9.48 to $12.71. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Baidu.
A number of research firms have recently weighed in on BIDU. Credit Suisse Group set a $246.00 price target on Baidu and gave the company a “buy” rating in a report on Wednesday, October 31st. ValuEngine cut Baidu from a “hold” rating to a “sell” rating in a report on Thursday, September 6th. BidaskClub cut Baidu from a “sell” rating to a “strong sell” rating in a report on Friday, August 31st. Nomura cut their price target on Baidu from $283.00 to $206.00 and set a “neutral” rating on the stock in a report on Thursday, November 1st. Finally, Zacks Investment Research raised Baidu from a “sell” rating to a “hold” rating in a report on Tuesday, October 16th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the company’s stock. Baidu currently has a consensus rating of “Buy” and a consensus target price of $278.86.
BIDU opened at $183.75 on Thursday. The company has a market cap of $65.38 billion, a PE ratio of 20.65, a price-to-earnings-growth ratio of 0.96 and a beta of 1.61. The company has a current ratio of 2.66, a quick ratio of 2.19 and a debt-to-equity ratio of 0.24. Baidu has a twelve month low of $177.80 and a twelve month high of $284.22.
A number of large investors have recently made changes to their positions in the stock. Federated Investors Inc. PA acquired a new position in Baidu in the second quarter worth approximately $108,000. Flagship Harbor Advisors LLC acquired a new position in Baidu in the second quarter worth approximately $119,000. Bartlett & Co. LLC grew its position in Baidu by 71.0% in the second quarter. Bartlett & Co. LLC now owns 530 shares of the information services provider’s stock worth $129,000 after buying an additional 220 shares during the last quarter. Toronto Dominion Bank grew its position in Baidu by 5,050.0% in the third quarter. Toronto Dominion Bank now owns 618 shares of the information services provider’s stock worth $141,000 after buying an additional 606 shares during the last quarter. Finally, Centaurus Financial Inc. acquired a new position in Baidu in the second quarter worth approximately $150,000. 60.90% of the stock is currently owned by hedge funds and other institutional investors.
Baidu, Inc provides Internet search services in China and internationally. It operates through two segments, Baidu Core and iQIYI. The Baidu Core segment offers products for uses, including Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services through mobile browsers; Baidu Feed that provides users with personalized timeline to meet their personal interests reflected in their past online behaviors, such as search and browsing, and their demographics; and Bear Paw Account that enables verified brands and businesses to aggregate their content from Websites, wapsites, and open-platform apps.
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