NetEase (NASDAQ:NTES – Get Free Report) issued its quarterly earnings results on Thursday. The technology company reported $12.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $10.43, Briefing.com reports. NetEase had a return on equity of 24.19% and a net margin of 28.75%. The business had revenue of $25.49 billion for the quarter, compared to the consensus estimate of $26.01 billion. During the same period in the prior year, the firm posted $1.75 earnings per share. The business’s quarterly revenue was up 6.1% on a year-over-year basis.
NetEase Stock Performance
NASDAQ:NTES opened at $82.08 on Friday. The firm’s fifty day moving average is $91.59 and its two-hundred day moving average is $97.15. The firm has a market cap of $52.71 billion, a price-to-earnings ratio of 12.73, a PEG ratio of 1.81 and a beta of 0.53. NetEase has a one year low of $80.63 and a one year high of $118.89.
NetEase Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be given a dividend of $0.435 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $1.74 dividend on an annualized basis and a yield of 2.12%. NetEase’s dividend payout ratio is presently 30.54%.
Analyst Upgrades and Downgrades
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About NetEase
NetEase, Inc engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally . The company operates through Games and Related Value-Added Services, Youdao, Cloud Music, and Innovative Businesses and Others segments.
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