Equities analysts expect Ninetowns Internet Technlgy Grp Co Ltd. (NASDAQ:NINE) to report $0.57 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Ninetowns Internet Technlgy Grp’s earnings. The highest EPS estimate is $0.60 and the lowest is $0.54. The business is scheduled to report its next quarterly earnings report before the market opens on Tuesday, November 13th.

According to Zacks, analysts expect that Ninetowns Internet Technlgy Grp will report full-year earnings of $1.59 per share for the current financial year, with EPS estimates ranging from $1.57 to $1.61. For the next fiscal year, analysts forecast that the business will report earnings of $3.08 per share, with EPS estimates ranging from $2.36 to $3.55. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover Ninetowns Internet Technlgy Grp.

Ninetowns Internet Technlgy Grp (NASDAQ:NINE) last announced its quarterly earnings results on Monday, August 13th. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.17. The company had revenue of $205.49 million during the quarter, compared to analyst estimates of $190.71 million.

A number of brokerages have weighed in on NINE. Bank of America began coverage on Ninetowns Internet Technlgy Grp in a research report on Wednesday, October 17th. They issued a “buy” rating for the company. Raymond James boosted their price target on Ninetowns Internet Technlgy Grp from $39.00 to $48.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, October 16th. Wells Fargo & Co reissued a “positive” rating and set a $45.00 price objective on shares of Ninetowns Internet Technlgy Grp in a research report on Tuesday, October 16th. Zacks Investment Research cut Ninetowns Internet Technlgy Grp from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 16th. Finally, Piper Jaffray Companies set a $40.00 price objective on Ninetowns Internet Technlgy Grp and gave the stock a “buy” rating in a research report on Friday, August 17th. One analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Ninetowns Internet Technlgy Grp has a consensus rating of “Buy” and an average price target of $34.86.

In related news, insider Edward Bruce Morgan sold 20,500 shares of the business’s stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $30.14, for a total transaction of $617,870.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Macquarie Group Ltd. acquired a new position in shares of Ninetowns Internet Technlgy Grp during the 2nd quarter worth about $162,000. The Manufacturers Life Insurance Company bought a new position in Ninetowns Internet Technlgy Grp during the first quarter valued at about $152,000. Proxima Capital Management LLC bought a new position in Ninetowns Internet Technlgy Grp during the second quarter valued at about $224,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in Ninetowns Internet Technlgy Grp during the second quarter valued at about $226,000. Finally, California Public Employees Retirement System bought a new position in Ninetowns Internet Technlgy Grp during the second quarter valued at about $228,000.

Shares of NASDAQ:NINE traded down $1.60 on Monday, reaching $33.56. The company had a trading volume of 123,100 shares, compared to its average volume of 187,811. Ninetowns Internet Technlgy Grp has a twelve month low of $22.23 and a twelve month high of $40.39.

About Ninetowns Internet Technlgy Grp

Ninetowns Internet Technology Group Company Limited is a software company that enables enterprises and trade-related People’s Republic of China Government agencies to streamline the import/export process in China. It operates in four segments: enterprise software and related maintenance services , software development services segment, B2C e-commerce and, and real estate development.

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