Equities research analysts forecast that Baidu Inc (NASDAQ:BIDU) will post sales of $3.86 billion for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Baidu’s earnings, with the lowest sales estimate coming in at $3.75 billion and the highest estimate coming in at $4.03 billion. Baidu reported sales of $3.62 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 6.6%. The business is scheduled to issue its next earnings report on Tuesday, February 12th.
On average, analysts expect that Baidu will report full year sales of $15.13 billion for the current year, with estimates ranging from $14.64 billion to $15.62 billion. For the next financial year, analysts anticipate that the firm will post sales of $17.32 billion, with estimates ranging from $15.66 billion to $18.55 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Baidu.
BIDU has been the subject of several recent research reports. ValuEngine cut Baidu from a “hold” rating to a “sell” rating in a research report on Wednesday, August 15th. BidaskClub cut Baidu from a “sell” rating to a “strong sell” rating in a research report on Friday, August 17th. Susquehanna Bancshares began coverage on Baidu in a research report on Friday, September 7th. They issued a “positive” rating and a $325.00 price objective for the company. Credit Suisse Group set a $313.00 price objective on Baidu and gave the company a “buy” rating in a research report on Monday, October 1st. Finally, Zacks Investment Research cut Baidu from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the company. Baidu presently has a consensus rating of “Buy” and a consensus target price of $277.15.
NASDAQ BIDU traded down $1.93 during trading hours on Monday, hitting $180.73. 261,881 shares of the company traded hands, compared to its average volume of 2,579,557. Baidu has a twelve month low of $175.32 and a twelve month high of $284.22. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.66 and a current ratio of 2.66. The stock has a market capitalization of $63.34 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 0.97 and a beta of 1.60.
Large investors have recently added to or reduced their stakes in the stock. Federated Investors Inc. PA acquired a new stake in Baidu during the 2nd quarter worth approximately $108,000. Flagship Harbor Advisors LLC acquired a new stake in Baidu during the 2nd quarter worth approximately $119,000. Toronto Dominion Bank lifted its holdings in Baidu by 5,050.0% during the 3rd quarter. Toronto Dominion Bank now owns 618 shares of the information services provider’s stock worth $141,000 after purchasing an additional 606 shares during the last quarter. Centaurus Financial Inc. acquired a new stake in Baidu during the 2nd quarter worth approximately $150,000. Finally, CENTRAL TRUST Co lifted its holdings in Baidu by 116.0% during the 3rd quarter. CENTRAL TRUST Co now owns 741 shares of the information services provider’s stock worth $170,000 after purchasing an additional 398 shares during the last quarter. 60.81% of the stock is owned by institutional investors and hedge funds.
Baidu Company Profile
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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