NetEase (NTES) to Release Quarterly Earnings on Thursday

NetEase (NASDAQ:NTES - Get Free Report) will be releasing its earnings data before the market opens on Thursday, November 14th. Analysts expect NetEase to post earnings of $1.43 per share for the quarter. Investors interested in participating in the company's conference call can do so using this link.

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

NetEase Stock Performance

Shares of NASDAQ:NTES traded up $1.16 on Thursday, reaching $81.16. The company's stock had a trading volume of 1,887,635 shares, compared to its average volume of 1,731,772. The company has a 50-day simple moving average of $83.65 and a 200 day simple moving average of $89.70. NetEase has a 52-week low of $75.85 and a 52-week high of $118.89. The company has a market cap of $52.12 billion, a P/E ratio of 13.24, a PEG ratio of 1.75 and a beta of 0.57.

NetEase Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were issued a dividend of $0.435 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $1.74 annualized dividend and a yield of 2.14%. NetEase's payout ratio is presently 28.22%.

Analyst Upgrades and Downgrades

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

About NetEase

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.