Analysts Set Expectations for NetEase Inc’s FY2020 Earnings (NTES)

NetEase Inc (NASDAQ:NTES) – Jefferies Group issued their FY2020 EPS estimates for NetEase in a research note issued on Thursday. Jefferies Group analyst K. Chan forecasts that the technology company will post earnings per share of $12.41 for the year. Jefferies Group currently has a “Hold” rating and a $302.00 price target on the stock.

A number of other research analysts have also issued reports on the company. CLSA upgraded NetEase from a “sell” rating to an “underperform” rating in a research report on Thursday. Benchmark boosted their price objective on NetEase to $355.00 and gave the company a “buy” rating in a research report on Tuesday, February 6th. Vetr upgraded NetEase from a “buy” rating to a “strong-buy” rating and set a $363.00 price objective for the company in a research report on Tuesday, January 30th. BidaskClub lowered NetEase from a “sell” rating to a “strong sell” rating in a research report on Tuesday, January 23rd. Finally, Goldman Sachs Group restated a “buy” rating and set a $432.00 price objective (up previously from $340.00) on shares of NetEase in a research report on Thursday, January 18th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $349.14.

Shares of NetEase (NASDAQ:NTES) opened at $296.34 on Monday. NetEase has a twelve month low of $252.54 and a twelve month high of $377.64. The firm has a market capitalization of $38,524.61, a P/E ratio of 24.40, a PEG ratio of 1.66 and a beta of 0.75.

NetEase (NASDAQ:NTES) last issued its quarterly earnings results on Wednesday, November 15th. The technology company reported $2.86 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.66 by $0.20. NetEase had a return on equity of 24.93% and a net margin of 19.64%. The business had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.84 billion.

A number of hedge funds have recently made changes to their positions in NTES. Ladenburg Thalmann Financial Services Inc. boosted its position in NetEase by 117.6% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 494 shares of the technology company’s stock worth $131,000 after acquiring an additional 267 shares during the period. PNC Financial Services Group Inc. boosted its position in NetEase by 22.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 536 shares of the technology company’s stock worth $161,000 after acquiring an additional 98 shares during the period. Cibc Bank USA acquired a new position in NetEase during the 4th quarter worth $204,000. Raymond James Financial Services Advisors Inc. acquired a new position in NetEase during the 2nd quarter worth $218,000. Finally, Mariner Wealth Advisors LLC acquired a new position in NetEase during the 4th quarter worth $233,000. Institutional investors own 48.15% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 23rd will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 0.51%. NetEase’s dividend payout ratio (DPR) is presently 30.38%.

NetEase announced that its Board of Directors has authorized a stock buyback plan on Wednesday, November 15th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the technology company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is 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.

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