NetEase (NASDAQ:NTES - Get Free Report) released its quarterly earnings data on Thursday. The technology company reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.14, Zacks reports. NetEase had a return on equity of 22.12% and a net margin of 28.17%. The business had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $27.16 billion.
NetEase Stock Performance
NASDAQ:NTES traded down $4.33 during mid-day trading on Monday, hitting $98.89. 2,341,908 shares of the company's stock traded hands, compared to its average volume of 1,386,610. NetEase has a 1 year low of $75.85 and a 1 year high of $114.50. The company has a market cap of $63.50 billion, a PE ratio of 15.52, a price-to-earnings-growth ratio of 3.37 and a beta of 0.58. The firm's 50 day simple moving average is $97.77 and its 200 day simple moving average is $89.78.
NetEase Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Thursday, March 6th will be paid a $0.435 dividend. The ex-dividend date is Thursday, March 6th. This represents a $1.74 dividend on an annualized basis and a yield of 1.76%. NetEase's payout ratio is 76.61%.
Wall Street Analysts Forecast Growth
Several brokerages have commented on NTES. Bank of America increased their price target on shares of NetEase from $120.00 to $122.00 and gave the company a "buy" rating in a research note on Wednesday, January 15th. Barclays increased their target price on shares of NetEase from $82.00 to $104.00 and gave the company an "equal weight" rating in a research report on Monday. Citigroup lifted their price target on shares of NetEase from $108.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Benchmark upped their price objective on shares of NetEase from $105.00 to $115.00 and gave the company a "buy" rating in a research note on Friday. Finally, StockNews.com cut NetEase from a "strong-buy" rating to a "buy" rating in a research report on Friday, December 6th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $114.57.
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NetEase Company Profile
(
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NetEase, Inc engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally . The company operates through Games and Related Value-Added Services, Youdao, Cloud Music, and Innovative Businesses and Others segments.
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