Research Analysts Set Expectations for Tencent’s Q2 2018 Earnings (TCEHY)

Tencent (OTCMKTS:TCEHY) – Research analysts at Jefferies Group cut their Q2 2018 EPS estimates for shares of Tencent in a research report issued to clients and investors on Wednesday, May 16th. Jefferies Group analyst K. Chan now forecasts that the technology company will post earnings per share of $0.33 for the quarter, down from their prior forecast of $0.36. Jefferies Group also issued estimates for Tencent’s Q3 2018 earnings at $0.35 EPS, FY2018 earnings at $1.37 EPS, FY2019 earnings at $1.83 EPS and FY2020 earnings at $2.38 EPS.

Several other equities analysts have also commented on the company. Barclays set a $62.00 price target on Tencent and gave the stock a “buy” rating in a research report on Wednesday, May 2nd. KeyCorp started coverage on Tencent in a research report on Thursday, April 5th. They set a “buy” rating on the stock. ValuEngine raised Tencent from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Finally, Zacks Investment Research lowered Tencent from a “buy” rating to a “hold” rating in a research report on Wednesday, March 28th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $65.00.

Tencent stock opened at $52.65 on Friday. The company has a market cap of $511.27 billion, a P/E ratio of 56.01, a P/E/G ratio of 1.38 and a beta of 1.16. The company has a current ratio of 1.18, a quick ratio of 1.17 and a debt-to-equity ratio of 0.40. Tencent has a one year low of $33.30 and a one year high of $61.00.

Tencent (OTCMKTS:TCEHY) last released its quarterly earnings results on Wednesday, March 21st. The technology company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). The company had revenue of $10.16 billion for the quarter, compared to analyst estimates of $11 billion. Tencent had a return on equity of 25.58% and a net margin of 30.70%.

The firm also recently announced an annual dividend, which will be paid on Monday, June 18th. Shareholders of record on Friday, May 18th will be given a $0.099 dividend. This represents a dividend yield of 0.2%. The ex-dividend date is Thursday, May 17th. Tencent’s payout ratio is 7.45%.

About Tencent

Tencent Holdings Limited, an investment holding company, provides Internet value-added services (VAS) and online advertising services in Mainland China, Hong Kong, North America, Europe, other Asian countries, and internationally. The company operates through VAS, Online Advertising, and Others segments.

Earnings History and Estimates for Tencent (OTCMKTS:TCEHY)

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