Tencent Music Entertainment Group (TME) Set to Announce Earnings on Tuesday

Tencent Music Entertainment Group (NYSE:TME - Get Free Report) is scheduled to be releasing its earnings data before the market opens on Tuesday, November 12th. Analysts expect Tencent Music Entertainment Group to post earnings of $0.16 per share for the quarter. Persons interested in registering for the company's earnings conference call can do so using this link.

Tencent Music Entertainment Group (NYSE:TME - Get Free Report) last posted its quarterly earnings results on Tuesday, August 13th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.01). Tencent Music Entertainment Group had a net margin of 20.35% and a return on equity of 10.11%. The company had revenue of $985.00 million during the quarter, compared to analyst estimates of $1 billion. On average, analysts expect Tencent Music Entertainment Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Tencent Music Entertainment Group Price Performance

Shares of NYSE:TME traded up $0.47 during midday trading on Tuesday, hitting $11.74. The company had a trading volume of 5,010,041 shares, compared to its average volume of 8,642,848. Tencent Music Entertainment Group has a twelve month low of $6.76 and a twelve month high of $15.77. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.34 and a quick ratio of 2.34. The stock has a market cap of $20.14 billion, a price-to-earnings ratio of 23.47, a price-to-earnings-growth ratio of 0.82 and a beta of 0.67. The business's 50-day simple moving average is $11.31 and its 200-day simple moving average is $12.87.

Analyst Ratings Changes

Several equities research analysts recently commented on TME shares. Bank of America cut their price target on Tencent Music Entertainment Group from $18.00 to $15.00 and set a "buy" rating for the company in a report on Wednesday, August 14th. Benchmark cut their price target on Tencent Music Entertainment Group from $19.00 to $15.00 and set a "buy" rating for the company in a report on Wednesday, August 14th. Daiwa Capital Markets cut Tencent Music Entertainment Group from an "outperform" rating to a "neutral" rating in a report on Tuesday, August 13th. Daiwa America cut Tencent Music Entertainment Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 13th. Finally, Mizuho cut their target price on Tencent Music Entertainment Group from $17.00 to $16.00 and set an "outperform" rating for the company in a research note on Wednesday, August 14th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $12.78.

Tencent Music Entertainment Group Company Profile

Tencent Music Entertainment Group operates online music entertainment platforms to provide music streaming, online karaoke, and live streaming services in the People's Republic of China. It offers QQ Music, Kugou Music, and Kuwo Music that enable users to discover music in personalized ways; long-form audio content, including audiobooks, podcasts and talk shows, as well as music-oriented video content comprising music videos, live performances, and short videos; and WeSing, which enables users to sing along from its library of karaoke songs and share their performances in audio or video formats with friends.