SEA (NYSE:SE) Releases Earnings Results, Misses Estimates By $0.35 EPS

SEA (NYSE:SE - Get Free Report) announced its quarterly earnings results on Tuesday. The Internet company based in Singapore reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.59 by ($0.35), Briefing.com reports. SEA had a net margin of 0.64% and a return on equity of 1.47%. The firm had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same period in the previous year, the business posted ($0.26) earnings per share. The business's revenue for the quarter was up 30.8% compared to the same quarter last year.

SEA Stock Down 2.6 %

Shares of SEA stock traded down $2.77 during trading on Wednesday, reaching $104.88. 6,117,767 shares of the company traded hands, compared to its average volume of 5,415,070. The firm has a market capitalization of $60.03 billion, a PE ratio of 700.40 and a beta of 1.52. SEA has a 1-year low of $34.35 and a 1-year high of $117.52. The company has a 50 day moving average price of $92.39 and a 200-day moving average price of $78.69. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.49 and a quick ratio of 1.48.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on SE shares. JPMorgan Chase & Co. raised shares of SEA from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $66.00 to $90.00 in a report on Wednesday, August 14th. Bank of America boosted their price objective on shares of SEA from $84.00 to $96.00 and gave the stock a "buy" rating in a research note on Monday, September 23rd. Citigroup lowered their target price on SEA from $81.00 to $80.00 and set a "buy" rating for the company in a research report on Tuesday, July 23rd. Benchmark increased their price target on SEA from $94.00 to $130.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, Wedbush restated an "outperform" rating and set a $105.00 price objective (up from $84.00) on shares of SEA in a research report on Monday, November 4th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, SEA has a consensus rating of "Moderate Buy" and an average price target of $87.69.

About SEA

Sea Limited, together with its subsidiaries, engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally. It offers Garena digital entertainment platform for users to access mobile and PC online games, as well as promotes eSports operations.