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 (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%.
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.
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