NetEase Inc to Issue Quarterly Dividend of $0.38 (NTES)

NetEase Inc (NASDAQ:NTES) declared a quarterly dividend on Wednesday, February 7th, RTT News reports. Stockholders of record on Friday, February 23rd will be paid a dividend of 0.38 per share by the technology company on Friday, March 2nd. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.49%.

Shares of NetEase (NTES) traded down $4.84 during trading hours on Wednesday, hitting $309.00. The stock had a trading volume of 1,709,028 shares, compared to its average volume of 1,320,000. The firm has a market cap of $40,820.00, a P/E ratio of 19.64, a price-to-earnings-growth ratio of 1.60 and a beta of 0.75. NetEase has a 12 month low of $252.54 and a 12 month high of $377.64.

NetEase (NASDAQ:NTES) last announced its quarterly earnings data on Wednesday, November 15th. The technology company reported $2.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.66 by $0.20. The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.84 billion. NetEase had a return on equity of 31.84% and a net margin of 25.34%. equities analysts predict that NetEase will post 12.55 EPS for the current fiscal year.

A number of brokerages have recently issued reports on NTES. Vetr downgraded NetEase from a “buy” rating to a “hold” rating and set a $323.68 price objective on the stock. in a research note on Monday, November 20th. Nomura raised NetEase from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $297.00 to $428.00 in a research note on Friday, November 17th. Deutsche Bank set a $380.00 price objective on NetEase and gave the company a “buy” rating in a research note on Tuesday, January 2nd. Barclays set a $315.00 price objective on NetEase and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. Finally, Zacks Investment Research downgraded NetEase from a “hold” rating to a “sell” rating in a research note on Wednesday, November 22nd. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. NetEase has a consensus rating of “Hold” and an average target price of $349.14.

NetEase declared that its Board of Directors has initiated a share repurchase plan on Wednesday, November 15th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the technology company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

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About NetEase

NetEase, Inc (NetEase) is a technology company. The Company operates an interactive online community in China and is a provider of Chinese language content and services through its online games, Internet media, e-mail, e-commerce and other businesses. The Company operates through three segments: Online Game Services; Advertising Services, and E-mail, E-commerce and Others.

Dividend History for NetEase (NASDAQ:NTES)

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