Tuya Inc. Sponsored ADR (TUYA) To Go Ex-Dividend on March 18th

Tuya Inc. Sponsored ADR (NYSE:TUYA) declared a dividend on Friday, January 1st. Stockholders of record on Wednesday, March 18th will be given a dividend of 0.0605 per share on Tuesday, April 21st. The ex-dividend date is Wednesday, March 18th.

Tuya has a payout ratio of 30.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Tuya to earn $0.05 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 80.0%.

Tuya Stock Down 1.0%

Shares of TUYA stock opened at $2.44 on Monday. The firm has a fifty day moving average of $2.27 and a 200-day moving average of $2.32. Tuya has a 12-month low of $1.87 and a 12-month high of $4.17. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 27.06 and a beta of 0.41.

Tuya (NYSE:TUYA) last issued its quarterly earnings data on Monday, March 2nd. The company reported $0.03 EPS for the quarter, hitting analysts’ consensus estimates of $0.03. The business had revenue of $84.49 million for the quarter, compared to analyst estimates of $79.53 million. Tuya had a net margin of 17.99% and a return on equity of 5.75%.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reissued a “buy” rating and issued a $3.69 price target on shares of Tuya in a research note on Tuesday, March 3rd. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $3.69.

Tuya Company Profile

Tuya Inc is a global Internet of Things (IoT) platform provider that enables brands, OEMs and developers to create smart products and solutions. The company offers a suite of cloud services, connectivity modules and software development kits designed to support the full lifecycle of IoT devices. Tuya’s platform is built to facilitate rapid prototyping, secure device management and scalable data analytics, with an emphasis on interoperable solutions for smart homes, commercial buildings and industrial applications.

At the core of Tuya’s offering is its IoT operating system, which integrates device hardware, network protocols and application-level services into a unified framework.