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

by · The Markets Daily

NetEase, Inc. (NASDAQ:NTES – Get Free Report) announced a quarterly dividend on Friday, February 21st, Wall Street Journal reports. Shareholders of record on Thursday, March 6th will be paid a dividend of 0.435 per share by the technology company on Monday, March 17th. This represents a $1.74 annualized dividend and a yield of 1.69%. The ex-dividend date is Thursday, March 6th.

NetEase has increased its dividend payment by an average of 43.6% annually over the last three years. NetEase has a payout ratio of 21.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect NetEase to earn $6.91 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 25.2%.

NetEase Trading Up 1.8 %

Shares of NTES stock traded up $1.79 during trading hours on Friday, hitting $103.21. 1,133,517 shares of the company were exchanged, compared to its average volume of 1,349,600. The company has a market capitalization of $66.28 billion, a PE ratio of 17.43, a PEG ratio of 3.46 and a beta of 0.58. NetEase has a 52 week low of $75.85 and a 52 week high of $114.50. The business has a 50 day moving average of $97.61 and a two-hundred day moving average of $89.64.

NetEase (NASDAQ:NTES – Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The technology company reported $1.87 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.14. NetEase had a net margin of 26.02% and a return on equity of 20.82%. The firm had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $27.16 billion. On average, research analysts forecast that NetEase will post 6.06 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on NTES shares. Benchmark boosted their price objective on NetEase from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Friday. Bank of America boosted their price objective on NetEase from $120.00 to $122.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Citigroup boosted their price objective on NetEase from $108.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Morgan Stanley boosted their price objective on NetEase from $108.00 to $117.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Finally, StockNews.com cut NetEase from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 6th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $111.43.

View Our Latest Report on NetEase

About NetEase

(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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