SEA (SE) Scheduled to Post Quarterly Earnings on Tuesday

SEA (NYSE:SE) is set to issue its quarterly earnings data before the market opens on Tuesday, May 14th. Analysts expect the company to announce earnings of $0.36 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

SEA (NYSE:SE) last released its quarterly earnings data on Monday, March 4th. The Internet company based in Singapore reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.13). The firm had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.57 billion. SEA had a net margin of 1.27% and a return on equity of 2.54%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.72 earnings per share. On average, analysts expect SEA to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

SEA Stock Down 1.2 %

SE opened at $65.33 on Tuesday. SEA has a 1 year low of $34.35 and a 1 year high of $88.39. The firm has a 50 day moving average price of $56.96 and a 200 day moving average price of $45.99. The company has a market cap of $36.90 billion, a PE ratio of 275.50 and a beta of 1.43. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.43 and a current ratio of 1.44.

Wall Street Analysts Forecast Growth

Several research firms have commented on SE. Wedbush raised their price objective on SEA from $45.00 to $72.00 and gave the company an “outperform” rating in a research report on Tuesday, March 5th. Barclays raised their price objective on shares of SEA from $68.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday. Citigroup upgraded shares of SEA from a “neutral” rating to a “buy” rating and upped their target price for the company from $44.00 to $50.00 in a research note on Thursday, February 1st. Loop Capital raised SEA from a “hold” rating to a “buy” rating and boosted their price objective for the company from $59.00 to $92.00 in a report on Wednesday, April 24th. Finally, JPMorgan Chase & Co. raised SEA from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $43.00 to $70.00 in a report on Tuesday, March 5th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, SEA presently has a consensus rating of “Moderate Buy” and an average price target of $71.21.

SEA Company Profile

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.