Jumei International Holding Ltd(ADR) (JMEI) Announces Quarterly Earnings, Beats Estimates By $0.04 EPS
Jumei International Holding Ltd(ADR) (NASDAQ:JMEI) posted its quarterly earnings results on Monday. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.04, Stock Ratings News reports. The company had revenue of $154.40 million for the quarter, compared to the consensus estimate of $148.69 million. The company’s revenue for the quarter was up 41.9% on a year-over-year basis.
Shares of Jumei International Holding Lt (NASDAQ:JMEI) traded down 2.34% during mid-day trading on Monday, hitting $37.10. The stock had a trading volume of 1,458,385 shares. Jumei International Holding Lt has a 1-year low of $22.00 and a 1-year high of $38.00. The stock’s 50-day moving average is $29.75 and its 200-day moving average is $28.22. The company has a market cap of $5.310 billion and a P/E ratio of 254.97.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs reiterated a “positive” rating on shares of Jumei International Holding Ltd(ADR) in a research note on Wednesday, July 30th. On the ratings front, analysts at Citigroup Inc. initiated coverage on shares of Jumei International Holding Ltd(ADR) in a research note on Thursday, July 24th. They set a “buy” rating and a $32.60 price target on the stock. Finally, analysts at Bank of America initiated coverage on shares of Jumei International Holding Ltd(ADR) in a research note on Monday, July 14th. They set a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $33.15.
Jumei International Holding Ltd is an online retailer of beauty products. The Company has sold over 30,000 stock keeping units (NASDAQ:JMEI) of beauty products.
Receive News & Ratings for Jumei International Holding Ltd(ADR) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jumei International Holding Ltd(ADR) and related companies with Analyst Ratings Network's FREE daily email newsletter.