NetEase Inc. (NTES) Forecasted to Post FY2016 Earnings of $13.75 Per Share
NetEase Inc. (NASDAQ:NTES) – Investment analysts at Jefferies Group issued their FY2016 earnings estimates for shares of NetEase in a report issued on Thursday. Jefferies Group analyst K. Chan expects that the brokerage will post earnings per share of $13.75 for the year. Jefferies Group 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.
A number of other brokerages have also recently weighed in on NTES. Credit Suisse Group AG started coverage on shares of NetEase in a research note on Friday, August 19th. They set a “neutral” rating and a $230.00 price objective for the company. Credit Agricole SA raised shares of NetEase from an “underperform” rating to an “outperform” rating and set a $272.00 price objective for the company in a research note on Monday. Deutsche Bank AG raised their price objective on shares of NetEase from $190.00 to $207.00 and gave the stock a “buy” rating in a research note on Friday, June 24th. Vetr raised shares of NetEase from a “strong sell” rating to a “sell” rating and set a $218.71 price objective for the company in a research note on Monday, September 26th. Finally, Macquarie raised their price objective on shares of NetEase from $256.00 to $280.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average 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 stock has a market capitalization of $32.10 billion, a P/E ratio of 23.42 and a beta of 1.03.
NetEase (NASDAQ:NTES) last announced its quarterly earnings results on Wednesday, August 17th. The company reported $3.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.61 by $1.06. NetEase had a return on equity of 31.47% and a net margin of 29.34%.
The business also recently declared a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Wednesday, August 31st were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date was Monday, August 29th. This is a positive change from NetEase’s previous quarterly dividend of $0.73. NetEase’s dividend payout ratio (DPR) is 25.14%.
Institutional investors have recently made changes to their positions in the stock. Orbis Allan Gray Ltd bought a new position in shares of NetEase during the first quarter worth $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 worth $722,028,000 after buying an additional 21,375 shares during the period. 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 worth $564,418,000 after buying an additional 12,423 shares during the period. 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 worth $314,110,000 after buying an additional 191,600 shares during the period. 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 worth $355,114,000 after buying an additional 516,959 shares during the period. Institutional investors own 59.71% of the company’s stock.
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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