NetEase Inc (NASDAQ:NTES) announced a quarterly dividend on Wednesday, February 7th, RTT News reports. Stockholders of record on Friday, February 23rd will be given a dividend of 0.38 per share by the technology company on Friday, March 2nd. This represents a $1.52 annualized dividend and a dividend yield of 0.50%. The ex-dividend date is Thursday, February 22nd.
NetEase (NASDAQ NTES) traded up $5.94 on Thursday, hitting $306.05. 846,300 shares of the stock traded hands, compared to its average volume of 1,378,083. NetEase has a twelve month low of $253.20 and a twelve month high of $377.64. The company has a market capitalization of $39,644.83, a PE ratio of 25.61, a P/E/G ratio of 1.72 and a beta of 0.75.
NetEase (NASDAQ:NTES) last released its quarterly earnings results on Wednesday, November 15th. The technology company reported $2.86 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.66 by $0.20. NetEase had a net margin of 19.64% and a return on equity of 24.93%. The business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.84 billion. research analysts anticipate that NetEase will post 13.25 EPS for the current fiscal year.
Several brokerages recently weighed in on NTES. Goldman Sachs Group restated a “buy” rating and issued a $432.00 price objective (up from $340.00) on shares of NetEase in a report on Thursday, January 18th. They noted that the move was a valuation call. Benchmark increased their price objective on shares of NetEase to $355.00 and gave the company a “buy” rating in a report on Tuesday, February 6th. ValuEngine upgraded shares of NetEase from a “hold” rating to a “buy” rating in a report on Friday, November 10th. Vetr upgraded shares of NetEase from a “hold” rating to a “buy” rating and set a $363.82 price objective on the stock in a report on Monday, January 1st. Finally, Nomura upgraded shares of NetEase from a “neutral” rating to a “buy” rating and increased their price objective for the company from $297.00 to $428.00 in a report on Friday, November 17th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $349.14.
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NetEase Company Profile
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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