iQIYI (NASDAQ:IQ - Get Free Report) released its quarterly earnings data on Tuesday. The company reported ($0.03) EPS for the quarter, topping analysts' consensus estimates of ($0.04) by $0.01, Zacks reports. iQIYI had a net margin of 2.62% and a return on equity of 7.62%. The firm had revenue of $919.56 million during the quarter, compared to analysts' expectations of $6.62 billion.
iQIYI Price Performance
IQ stock traded up $0.08 during midday trading on Friday, reaching $2.26. The company had a trading volume of 53,251,460 shares, compared to its average volume of 28,175,363. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 22.55, a price-to-earnings-growth ratio of 4.58 and a beta of 0.03. The stock has a 50 day moving average price of $2.13 and a 200-day moving average price of $2.34. iQIYI has a 1-year low of $1.82 and a 1-year high of $5.80. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.44 and a quick ratio of 0.45.
Wall Street Analyst Weigh In
A number of research firms have commented on IQ. Benchmark reaffirmed a "hold" rating on shares of iQIYI in a research report on Wednesday. HSBC raised shares of iQIYI from a "reduce" rating to a "hold" rating and set a $2.15 price objective for the company in a research report on Thursday, January 16th. Hsbc Global Res raised iQIYI from a "moderate sell" rating to a "hold" rating in a report on Thursday, January 16th. OTR Global reissued a "negative" rating on shares of iQIYI in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. dropped their target price on iQIYI from $2.50 to $1.80 and set a "neutral" rating for the company in a report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, iQIYI has a consensus rating of "Hold" and an average target price of $2.91.
View Our Latest Research Report on IQ
About iQIYI
(
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iQIYI, Inc, together with its subsidiaries, provides online entertainment video services in the People's Republic of China. It offers various products and services, including online video, online games, online literature, animations, and other products. The company operates a platform that provides a collection of internet video content, such as professionally produced content licensed from professional content providers and self-produced content.
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