NetEase (NASDAQ:NTES) Announces Quarterly Earnings Results

NetEase (NASDAQ:NTES) announced its quarterly earnings results on Thursday. The technology company reported $1.87 EPS for the quarter, topping the consensus estimate of $1.73 by $0.14, Zacks reports. The business had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $27.16 billion. NetEase had a net margin of 28.17% and a return on equity of 22.12%.

NetEase Trading Up 1.8 %

Shares of NASDAQ:NTES opened at $103.22 on Friday. The company has a market capitalization of $66.28 billion, a price-to-earnings ratio of 16.20, a PEG ratio of 3.37 and a beta of 0.58. NetEase has a 12 month low of $75.85 and a 12 month high of $114.50. The firm’s 50-day moving average is $97.77 and its 200 day moving average is $89.75.

NetEase Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Thursday, March 6th will be issued a dividend of $0.435 per share. The ex-dividend date is Thursday, March 6th. This represents a $1.74 annualized dividend and a yield of 1.69%. NetEase’s payout ratio is 27.16%.

Wall Street Analyst Weigh In

Several analysts have commented on NTES shares. Morgan Stanley boosted their price target on shares of NetEase from $108.00 to $117.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. Bank of America upped their target price 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. StockNews.com cut shares of NetEase from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 6th. Citigroup upped their target price on shares of NetEase from $108.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, Benchmark upped their target price on shares of NetEase from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Friday. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, NetEase has an average rating of “Moderate Buy” and an average target price of $111.43.

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.