Equities analysts expect Baidu, Inc. (NASDAQ:BIDU) to post earnings of $1.49 per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Baidu’s earnings. The highest EPS estimate is $1.52 and the lowest is $1.46. Baidu posted earnings per share of $1.25 in the same quarter last year, which would suggest a positive year-over-year growth rate of 19.2%. The firm is scheduled to issue its next quarterly earnings report on Monday, May 17th.

On average, analysts expect that Baidu will report full year earnings of $10.38 per share for the current fiscal year, with EPS estimates ranging from $10.27 to $10.54. For the next year, analysts expect that the company will post earnings of $12.62 per share, with EPS estimates ranging from $12.33 to $13.01. Zacks’ EPS averages are an average based on a survey of sell-side research firms that cover Baidu.

Several research analysts have commented on the stock. Mizuho upped their price objective on shares of Baidu from $325.00 to $350.00 and gave the stock a “buy” rating in a report on Thursday, February 25th. Citigroup upped their price objective on shares of Baidu from $292.00 to $324.00 in a report on Friday, February 19th. Oppenheimer upped their price objective on shares of Baidu from $165.00 to $305.00 and gave the stock an “outperform” rating in a report on Monday, February 1st. KeyCorp upped their target price on shares of Baidu from $290.00 to $390.00 and gave the stock an “overweight” rating in a research report on Monday, March 1st. Finally, Loop Capital raised shares of Baidu from a “hold” rating to a “buy” rating in a research report on Monday, March 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the stock. Baidu currently has a consensus rating of “Buy” and an average target price of $267.56.

NASDAQ BIDU traded up $0.55 during trading on Monday, hitting $222.55. The company had a trading volume of 83,886 shares, compared to its average volume of 14,217,896. The company has a current ratio of 2.65, a quick ratio of 2.65 and a debt-to-equity ratio of 0.31. Baidu has a one year low of $90.94 and a one year high of $354.82. The company has a market cap of $61.76 billion, a price-to-earnings ratio of 22.33 and a beta of 1.16. The company’s fifty day moving average is $264.20 and its 200-day moving average is $200.04.

A number of hedge funds have recently made changes to their positions in BIDU. FMR LLC grew its position in Baidu by 149.7% during the 1st quarter. FMR LLC now owns 82,956 shares of the information services provider’s stock valued at $13,674,000 after purchasing an additional 49,735 shares during the last quarter. Cetera Advisors LLC boosted its holdings in shares of Baidu by 21.6% during the 3rd quarter. Cetera Advisors LLC now owns 3,712 shares of the information services provider’s stock valued at $470,000 after acquiring an additional 660 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Baidu by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 474,221 shares of the information services provider’s stock valued at $60,032,000 after acquiring an additional 3,573 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of Baidu by 57.1% during the 3rd quarter. Allianz Asset Management GmbH now owns 79,330 shares of the information services provider’s stock valued at $10,042,000 after acquiring an additional 28,825 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Baidu by 12.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 4,368 shares of the information services provider’s stock valued at $553,000 after acquiring an additional 486 shares during the last quarter. 49.38% of the stock is currently owned by institutional investors.

About Baidu

Baidu, Inc provides Internet search services in China and internationally. It operates through two segments, Baidu Core and iQIYI. The Baidu Core segment offers products for uses, including Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services through its other properties and Union partners; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Haokan, a short video app; and Quanmin, a flash video app for users to create and share short videos.

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