NetEase Inc. (NTES) Forecasted to Post FY2016 Earnings of $13.75 Per Share
NetEase Inc. (NASDAQ:NTES) – Analysts at Jefferies Group issued their FY2016 earnings estimates for shares of NetEase in a report released on Thursday. Jefferies Group analyst K. Chan forecasts that the brokerage will post earnings per share of $13.75 for the year. Jefferies Group currently has a “Hold” rating and a $245.00 price objective on the stock. Jefferies Group also issued estimates for NetEase’s FY2017 earnings at $15.41 EPS and FY2018 earnings at $17.96 EPS.
NetEase (NASDAQ:NTES) last issued its quarterly earnings data on Wednesday, August 17th. The company reported $3.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.61 by $1.06. NetEase had a return on equity of 31.47% and a net margin of 29.34%.
A number of other research firms have also weighed in on NTES. Credit Suisse Group AG assumed coverage on NetEase in a research report on Friday, August 19th. They set a “neutral” rating and a $230.00 price objective on the stock. Credit Agricole SA raised NetEase from an “underperform” rating to an “outperform” rating and set a $272.00 target price on the stock in a report on Monday. Deutsche Bank AG increased their target price on NetEase from $190.00 to $207.00 and gave the company a “buy” rating in a report on Friday, June 24th. Vetr raised NetEase from a “strong sell” rating to a “sell” rating and set a $218.71 target price on the stock in a report on Monday, September 26th. Finally, Macquarie increased their target price on NetEase from $256.00 to $280.00 and gave the company an “outperform” rating in a report on Wednesday, September 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $221.08.
NetEase (NASDAQ:NTES) opened at 244.86 on Monday. NetEase has a one year low of $124.87 and a one year high of $254.48. The stock has a 50 day moving average price of $226.63 and a 200 day moving average price of $182.04. The firm has a market cap of $32.10 billion, a PE ratio of 23.42 and a beta of 1.03.
Several institutional investors have recently modified their holdings of the company. Orbis Allan Gray Ltd purchased a new position in shares of NetEase during the first quarter valued at about $1,449,733,000. Lazard Asset Management LLC raised its position in shares of NetEase by 0.4% in the first quarter. Lazard Asset Management LLC now owns 5,028,755 shares of the company’s stock valued at $722,028,000 after buying an additional 21,375 shares during the last quarter. Comgest Global Investors S.A.S. raised its position in shares of NetEase by 0.4% in the second quarter. Comgest Global Investors S.A.S. now owns 2,921,119 shares of the company’s stock valued at $564,418,000 after buying an additional 12,423 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of NetEase by 9.6% in the first quarter. Renaissance Technologies LLC now owns 2,187,700 shares of the company’s stock valued at $314,110,000 after buying an additional 191,600 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of NetEase by 39.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,837,876 shares of the company’s stock valued at $355,114,000 after buying an additional 516,959 shares during the last quarter. 59.71% of the stock is currently owned by institutional investors.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Wednesday, August 31st were issued a dividend of $0.78 per share. This is a positive change from NetEase’s previous quarterly dividend of $0.73. The ex-dividend date was Monday, August 29th. This represents a $3.12 annualized dividend and a dividend yield of 1.27%. NetEase’s dividend payout ratio (DPR) is presently 25.14%.
NetEase, Inc (NetEase) is a technology company. The Company operates an interactive online community in China and is a provider of Chinese language content and services through its online games, Internet media, e-mail, e-commerce and other businesses. The Company operates through three segments: Online Game Services; Advertising Services, and E-mail, E-commerce and Others.
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