E-House China (EJ) Releases Quarterly Earnings Results
E-House China (NYSE:EJ) announced its earnings results on Tuesday. The company reported $0.08 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.04 by $0.04, Analyst Ratings Network reports. The company had revenue of $163.30 million for the quarter, compared to the consensus estimate of $138.65 million. During the same quarter last year, the company posted $0.03 earnings per share.
Shares of E-House China (NYSE:EJ) opened at 8.18 on Tuesday. E-House China has a 1-year low of $3.94 and a 1-year high of $17.28. The stock’s 50-day moving average is $9.90 and its 200-day moving average is $11.95. The company has a market cap of $1.128 billion and a P/E ratio of 21.28.
A number of research firms have recently commented on EJ. Analysts at Brean Capital initiated coverage on shares of E-House China in a research note on Wednesday, April 2nd. They set a “buy” rating and a $20.00 price target on the stock. Analysts at Goldman Sachs downgraded shares of E-House China from a “conviction-buy” rating to a “buy” rating in a research note on Tuesday, March 18th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $16.33.
E-House (NYSE:EJ) Holdings Limited (E-House) is a real estate services company in People’s Republic of China.
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