iQIYI (NASDAQ:IQ - Get Free Report) issued its quarterly earnings data on Tuesday. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.04) by $0.01, Zacks reports. iQIYI had a return on equity of 7.62% and a net margin of 2.62%. The business had revenue of $919.56 million during the quarter, compared to analyst estimates of $6.62 billion.
iQIYI Price Performance
IQ traded up $0.08 during trading on Friday, reaching $2.26. The stock had a trading volume of 53,251,460 shares, compared to its average volume of 28,175,363. iQIYI has a 1-year low of $1.82 and a 1-year high of $5.80. The stock has a 50 day moving average of $2.13 and a two-hundred day moving average of $2.34. The firm 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 company has a quick ratio of 0.45, a current ratio of 0.44 and a debt-to-equity ratio of 0.70.
Analyst Ratings Changes
IQ has been the subject of a number of recent analyst reports. Benchmark reissued a "hold" rating on shares of iQIYI in a report on Wednesday. HSBC raised iQIYI from a "reduce" rating to a "hold" rating and set a $2.15 price objective for the company in a report on Thursday, January 16th. OTR Global restated a "negative" rating on shares of iQIYI in a research report on Wednesday, January 8th. Hsbc Global Res upgraded iQIYI from a "moderate sell" rating to a "hold" rating in a research report on Thursday, January 16th. Finally, Citigroup cut their target price on iQIYI from $3.00 to $2.80 and set a "buy" rating for the company in a research report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $2.91.
View Our Latest Stock Report on iQIYI
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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