SEA (NYSE:SE – Get Rating) posted its earnings results on Tuesday. The Internet company based in Singapore reported ($1.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.26) by $0.22, Fidelity Earnings reports. SEA had a negative net margin of 19.85% and a negative return on equity of 35.06%. The business had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.86 billion. During the same period in the prior year, the company posted ($0.82) EPS. The company’s revenue for the quarter was up 64.4% on a year-over-year basis.
Shares of SEA stock opened at $76.89 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.09 and a current ratio of 2.02. The business has a 50-day moving average of $99.81 and a 200 day moving average of $170.34. SEA has a 12 month low of $54.06 and a 12 month high of $372.70.
SE has been the subject of several recent analyst reports. Sanford C. Bernstein cut their price target on shares of SEA from $330.00 to $250.00 in a report on Wednesday, March 2nd. The Goldman Sachs Group reduced their price target on shares of SEA from $196.00 to $190.00 and set a “buy” rating for the company in a research report on Tuesday. CICC Research initiated coverage on SEA in a research note on Wednesday, April 27th. They set an “outperform” rating for the company. HSBC lowered their price target on SEA from $150.00 to $145.00 in a research note on Wednesday, May 4th. Finally, Citigroup dropped their price target on SEA from $241.00 to $221.00 in a research report on Wednesday, March 2nd. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $218.75.
About SEA (Get Rating)
Sea Limited, together with its subsidiaries, engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally. It offers Garena digital entertainment platform for users to access mobile and PC online games, as well as eSports operations; and access to other entertainment content, including livestreaming of gameplay and social features, such as user chat and online forums.
- Get a free copy of the StockNews.com research report on SEA (SE)
- Rapid7: Could Be Profitable in FY 2022 Despite Bear Market
- Will John Deere’s Earnings Help to Calm the Markets?
- Lowe’s Companies Has Not Bottomed
- Silicon Labs Stock is Falling to a Better Place
- The Institutional Tide Has Turned For Cisco Systems
Receive News & Ratings for SEA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SEA and related companies with MarketBeat.com's FREE daily email newsletter.