NetEase (NTES) to Release Quarterly Earnings on Thursday

NetEase (NASDAQ:NTES - Get Free Report) is scheduled to announce its earnings results before the market opens on Thursday, November 14th. Analysts expect the company to announce earnings of $1.43 per share for the quarter. Persons that wish to listen to the company's earnings conference call can do so using this link.

NetEase (NASDAQ:NTES - Get Free Report) last issued its earnings results on Thursday, August 22nd. The technology company reported $12.05 EPS for the quarter, topping analysts' consensus estimates of $1.62 by $10.43. The firm had revenue of $25.49 billion for the quarter, compared to the consensus estimate of $26.01 billion. NetEase had a return on equity of 22.30% and a net margin of 26.98%. The company's revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.75 earnings per share. On average, analysts expect NetEase to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

NetEase Price Performance

NTES stock traded up $1.16 during trading on Thursday, hitting $81.16. 1,887,635 shares of the company traded hands, compared to its average volume of 1,731,772. NetEase has a 1 year low of $75.85 and a 1 year high of $118.89. The stock's 50-day simple moving average is $83.65 and its 200 day simple moving average is $89.70. The company has a market cap of $52.12 billion, a PE ratio of 13.24, a P/E/G ratio of 1.75 and a beta of 0.57.

NetEase Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 6th were issued a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a dividend yield of 2.14%. The ex-dividend date was Friday, September 6th. NetEase's dividend payout ratio (DPR) is 28.22%.

Wall Street Analyst Weigh In

Several research firms recently commented on NTES. Bank of America dropped their price target on shares of NetEase from $142.00 to $120.00 and set a "buy" rating on the stock in a research report on Friday, August 23rd. Barclays dropped their target price on NetEase from $104.00 to $82.00 and set an "equal weight" rating on the stock in a research report on Monday, August 26th. StockNews.com cut NetEase from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 20th. Finally, Jefferies Financial Group dropped their price objective on NetEase from $126.00 to $103.00 and set a "buy" rating on the stock in a report on Thursday, August 22nd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $112.67.

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.