Brokerages predict that NetEase Inc (NASDAQ:NTES) will announce $3.03 billion in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for NetEase’s earnings. The highest sales estimate is $3.28 billion and the lowest is $2.90 billion. NetEase reported sales of $2.25 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 34.7%. The firm is scheduled to report its next earnings report on Wednesday, February 6th.
On average, analysts expect that NetEase will report full year sales of $10.10 billion for the current fiscal year, with estimates ranging from $9.76 billion to $11.01 billion. For the next year, analysts anticipate that the business will post sales of $12.82 billion, with estimates ranging from $12.30 billion to $13.99 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for NetEase.
NetEase (NASDAQ:NTES) last announced its quarterly earnings data on Wednesday, November 14th. The technology company reported $1.80 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.10 by ($0.30). The company had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.42 billion. NetEase had a net margin of 9.22% and a return on equity of 12.66%. The company’s revenue was up 30.9% compared to the same quarter last year. During the same quarter last year, the firm posted $3.43 earnings per share.
A number of brokerages recently issued reports on NTES. Zacks Investment Research downgraded NetEase from a “hold” rating to a “sell” rating in a research note on Friday, November 16th. Nomura boosted their price objective on NetEase from $265.00 to $267.00 and gave the company a “buy” rating in a research note on Friday, November 16th. TheStreet raised NetEase from a “c+” rating to a “b” rating in a report on Friday, August 10th. ValuEngine raised NetEase from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $254.00 price target on shares of NetEase in a report on Tuesday, November 20th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. NetEase presently has an average rating of “Buy” and an average price target of $298.10.
Shares of NASDAQ:NTES opened at $229.43 on Thursday. The company has a market cap of $29.82 billion, a P/E ratio of 18.49, a P/E/G ratio of 1.54 and a beta of 0.97. NetEase has a 12-month low of $184.60 and a 12-month high of $377.64.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Friday, November 30th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $1.80 dividend on an annualized basis and a yield of 0.78%. NetEase’s dividend payout ratio is presently 14.42%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. raised its position in shares of NetEase by 21.1% during the first quarter. Principal Financial Group Inc. now owns 3,193 shares of the technology company’s stock valued at $895,000 after buying an additional 557 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its position in shares of NetEase by 1,126.3% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 23,300 shares of the technology company’s stock valued at $5,887,000 after buying an additional 21,400 shares during the last quarter. Crossmark Global Holdings Inc. raised its position in shares of NetEase by 85.3% during the second quarter. Crossmark Global Holdings Inc. now owns 3,239 shares of the technology company’s stock valued at $818,000 after buying an additional 1,491 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of NetEase by 0.6% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 193,687 shares of the technology company’s stock valued at $48,939,000 after buying an additional 1,236 shares during the last quarter. Finally, Maple Brown Abbott Ltd raised its position in shares of NetEase by 79.0% during the second quarter. Maple Brown Abbott Ltd now owns 192,662 shares of the technology company’s stock valued at $48,680,000 after buying an additional 85,008 shares during the last quarter. 45.40% of the stock is currently owned by institutional investors.
NetEase Company Profile
NetEase, Inc operates an interactive online community in the People's Republic of China. The company operates through Online Game Services; E-Commerce; Advertising Services; and Email and Others segments. It offers various games in a range of genres through mobile devices and PCs, including role playing games, MMORPGs, battle arena games, simulation games, collectible card games, first-person shooter games, sandbox games, and other types of games to the Chinese market.
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