SEA (NYSE:SE) Releases Earnings Results

SEA (NYSE:SE) announced its quarterly earnings results on Tuesday. The Internet company based in Singapore reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.45), Briefing.com reports. The company had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.73 billion. SEA had a return on equity of 0.80% and a net margin of 0.39%. The firm’s quarterly revenue was up 23.0% on a year-over-year basis. During the same quarter last year, the company posted $0.54 earnings per share.

SEA Stock Performance

Shares of SE stock opened at $79.32 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.44 and a debt-to-equity ratio of 0.43. The firm has a fifty day simple moving average of $70.44 and a two-hundred day simple moving average of $61.59. SEA has a 12 month low of $34.35 and a 12 month high of $79.90. The firm has a market capitalization of $45.40 billion, a PE ratio of 1,586.40 and a beta of 1.51.

Analyst Ratings Changes

Several analysts recently weighed in on SE shares. Loop Capital boosted their price objective on shares of SEA from $92.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and upped their price target for the company from $66.00 to $90.00 in a research report on Wednesday. Morgan Stanley upgraded SEA from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $65.00 to $70.00 in a research report on Monday, April 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $60.00 price objective on shares of SEA in a research note on Wednesday, May 15th. Finally, Benchmark raised their price target on shares of SEA from $87.00 to $94.00 and gave the stock a “buy” rating in a report on Wednesday. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $77.29.

About SEA

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.