Momo (MOMO) Announces Earnings Results

Momo (NASDAQ:MOMO) posted its quarterly earnings results on Thursday. The information services provider reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.09, Fidelity Earnings reports. Momo had a net margin of 25.40% and a return on equity of 37.12%. The company had revenue of $536.00 million during the quarter, compared to analyst estimates of $535.30 million. During the same period last year, the firm posted $0.45 EPS. Momo’s revenue for the quarter was up 51.4% compared to the same quarter last year.

NASDAQ:MOMO opened at $31.69 on Thursday. The company has a quick ratio of 3.46, a current ratio of 3.46 and a debt-to-equity ratio of 0.21. The company has a market cap of $6.31 billion, a PE ratio of 20.71, a PEG ratio of 0.65 and a beta of 1.84. Momo has a 1-year low of $22.89 and a 1-year high of $54.24.

A number of research firms have issued reports on MOMO. ValuEngine raised shares of Momo from a “sell” rating to a “hold” rating in a research report on Friday, August 10th. BidaskClub raised shares of Momo from a “sell” rating to a “hold” rating in a research report on Thursday, August 23rd. TH Capital reduced their price target on shares of Momo to $40.00 and set a “buy” rating for the company in a research report on Wednesday, November 21st. Jefferies Financial Group reissued a “buy” rating and set a $58.00 price target on shares of Momo in a research report on Thursday, November 22nd. Finally, 86 Research raised shares of Momo from a “hold” rating to a “buy” rating in a research report on Friday, November 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the company’s stock. Momo currently has an average rating of “Buy” and a consensus target price of $50.07.

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About Momo

Momo Inc operates a mobile-based social and entertainment platform in the People's Republic of China. The company operates Momo platform that includes its Momo mobile application and various related features, functionalities, tools, and services to users, customers, and platform partners. It offers Momo mobile application that enables users to establish and expand their social relationships based on locations; interests; and recreational activities, including live videos, short videos, social games, and other video- and audio-based interactive experiences.

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Earnings History for Momo (NASDAQ:MOMO)

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