51job (NASDAQ:JOBS) issued its earnings results on Thursday. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.58 by $0.11, Morningstar.com reports. The company had revenue of $139.00 million for the quarter. 51job had a net margin of 13.09% and a return on equity of 18.29%. 51job updated its Q4 2018 guidance to $0.65-0.69 EPS.
Shares of NASDAQ:JOBS traded down $0.68 during midday trading on Friday, hitting $63.30. 253,749 shares of the stock were exchanged, compared to its average volume of 352,194. The company has a market capitalization of $4.14 billion, a PE ratio of 26.39 and a beta of 1.21. 51job has a twelve month low of $52.15 and a twelve month high of $114.63.
Several large investors have recently added to or reduced their stakes in JOBS. BlackRock Inc. raised its stake in shares of 51job by 12.7% during the 1st quarter. BlackRock Inc. now owns 482,153 shares of the company’s stock worth $41,485,000 after buying an additional 54,206 shares during the last quarter. Allianz Asset Management GmbH raised its stake in shares of 51job by 72.9% during the 1st quarter. Allianz Asset Management GmbH now owns 119,095 shares of the company’s stock worth $10,247,000 after buying an additional 50,225 shares during the last quarter. Xact Kapitalforvaltning AB acquired a new position in shares of 51job during the 2nd quarter worth $508,000. Confluence Investment Management LLC acquired a new position in shares of 51job during the 2nd quarter worth $304,000. Finally, Manning & Napier Group LLC raised its stake in shares of 51job by 70.3% during the 2nd quarter. Manning & Napier Group LLC now owns 123,931 shares of the company’s stock worth $12,100,000 after buying an additional 51,165 shares during the last quarter. 41.28% of the stock is owned by institutional investors and hedge funds.
Separately, BidaskClub lowered shares of 51job from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 31st.
COPYRIGHT VIOLATION NOTICE: This story was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this story on another site, it was stolen and republished in violation of U.S. & international copyright legislation. The legal version of this story can be read at https://www.americanbankingnews.com/2018/11/10/51job-jobs-posts-quarterly-earnings-results.html.
51job, Inc, through its subsidiaries, provides integrated human resource services in the People's Republic of China. The company offers recruitment advertising services, including online recruitment services through its Websites comprising 51job.com, yingjiesheng.com, 51jingying.com, and lagou.com; and mobile applications that enable job seekers to access their accounts through mobile devices and utilize functions available on their Websites.
Further Reading: What are the Different Types of Leveraged Buyouts?
Receive News & Ratings for 51job Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 51job and related companies with MarketBeat.com's FREE daily email newsletter.