NetEase, Inc. Declares Quarterly Dividend of $0.44 (NASDAQ:NTES)

by · The Cerbat Gem

NetEase, Inc. (NASDAQ:NTES – Get Free Report) declared a quarterly dividend on Friday, November 15th,Wall Street Journal reports. Stockholders of record on Friday, November 29th will be given a dividend of 0.435 per share by the technology company on Friday, December 13th. This represents a $1.74 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Friday, November 29th.

NetEase has increased its dividend payment by an average of 23.7% per year over the last three years. NetEase has a dividend payout ratio of 22.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect NetEase to earn $6.34 per share next year, which means the company should continue to be able to cover its $1.74 annual dividend with an expected future payout ratio of 27.4%.

NetEase Price Performance

Shares of NTES traded up $1.27 during midday trading on Friday, hitting $85.49. The stock had a trading volume of 2,028,189 shares, compared to its average volume of 1,746,710. NetEase has a 1 year low of $75.85 and a 1 year high of $118.89. The stock’s 50 day moving average is $83.59 and its 200 day moving average is $89.09. The firm has a market cap of $54.90 billion, a PE ratio of 13.86, a price-to-earnings-growth ratio of 1.69 and a beta of 0.57.

NetEase (NASDAQ:NTES – Get Free Report) last posted its quarterly earnings data on Thursday, August 22nd. The technology company reported $12.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $10.43. The company had revenue of $25.49 billion during the quarter, compared to analysts’ expectations of $26.01 billion. NetEase had a return on equity of 22.30% and a net margin of 26.98%. NetEase’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.75 EPS. As a group, equities research analysts expect that NetEase will post 6.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on NTES. Bank of America lowered their price target on NetEase from $142.00 to $120.00 and set a “buy” rating for the company in a report on Friday, August 23rd. StockNews.com lowered NetEase from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 20th. Benchmark lowered their price objective on NetEase from $120.00 to $105.00 and set a “buy” rating on the stock in a report on Friday. Barclays reduced their target price on NetEase from $104.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Monday, August 26th. Finally, Citigroup lifted their price target on shares of NetEase from $108.00 to $115.00 and gave the company a “buy” rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $107.29.

View Our Latest Analysis on NTES

NetEase Company Profile

(Get Free Report)

NetEase, Inc engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally . The company operates through Games and Related Value-Added Services, Youdao, Cloud Music, and Innovative Businesses and Others segments.

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