NetEase (NTES) to Release Quarterly Earnings on Thursday

NetEase (NASDAQ:NTES - Get Free Report) is projected to post its quarterly earnings results before the market opens on Thursday, March 6th. Analysts expect NetEase to post earnings of $1.73 per share for the quarter. Parties that are interested in registering for the company's conference call can do so using this link.

NetEase (NASDAQ:NTES - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The technology company reported $1.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.73 by $0.14. The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $27.16 billion. NetEase had a return on equity of 22.12% and a net margin of 28.17%. On average, analysts expect NetEase to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

NetEase Trading Down 0.7 %

NASDAQ:NTES traded down $0.73 during trading hours on Friday, hitting $99.72. The company had a trading volume of 1,529,911 shares, compared to its average volume of 1,385,705. NetEase has a 1 year low of $75.85 and a 1 year high of $113.50. The company has a market cap of $64.04 billion, a P/E ratio of 15.65, a P/E/G ratio of 3.37 and a beta of 0.58. The company has a 50-day moving average of $98.52 and a 200 day moving average of $90.14.

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NetEase Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be given a $0.435 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.74 dividend on an annualized basis and a yield of 1.74%. NetEase's payout ratio is currently 76.45%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NTES. Morgan Stanley lifted their price objective on shares of NetEase from $108.00 to $117.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. StockNews.com downgraded NetEase from a "strong-buy" rating to a "buy" rating in a report on Friday, December 6th. Barclays lifted their target price on NetEase from $82.00 to $104.00 and gave the stock an "equal weight" rating in a research report on Monday, February 24th. Bank of America upped their price target on shares of NetEase from $120.00 to $122.00 and gave the company a "buy" rating in a research report on Wednesday, January 15th. Finally, Benchmark lifted 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, February 21st. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, NetEase currently has a consensus rating of "Moderate Buy" and a consensus price target of $114.57.

NetEase Company Profile

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.