NetEase, Inc. (NTES) To Go Ex-Dividend on March 6th

NetEase, Inc. (NASDAQ:NTES) announced a quarterly dividend on Friday, February 21st, Wall Street Journal reports. Stockholders of record on Thursday, March 6th will be given a dividend of 0.435 per share by the technology company on Thursday, March 20th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date is Thursday, March 6th.

NetEase has raised its dividend by an average of 43.6% per year over the last three years. NetEase has a payout ratio of 59.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect NetEase to earn $7.32 per share next year, which means the company should continue to be able to cover its $4.88 annual dividend with an expected future payout ratio of 66.7%.

NetEase Stock Down 3.1 %

Shares of NASDAQ:NTES opened at $96.63 on Tuesday. NetEase has a twelve month low of $75.85 and a twelve month high of $111.93. The stock has a market capitalization of $62.05 billion, a PE ratio of 15.17, a price-to-earnings-growth ratio of 3.37 and a beta of 0.58. The firm’s 50 day moving average price is $98.61 and its 200-day moving average price is $90.20.

NetEase (NASDAQ:NTES) last posted its earnings results on Thursday, February 20th. The technology company reported $1.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.14. The firm had revenue of $3.66 billion during the quarter, compared to analyst estimates of $27.16 billion. NetEase had a net margin of 28.17% and a return on equity of 22.12%. Analysts expect that NetEase will post 6.91 earnings per share for the current fiscal year.

Analyst Ratings Changes

NTES has been the subject of a number of recent research reports. Morgan Stanley boosted their target price on shares of NetEase from $108.00 to $117.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Benchmark upped their target price on NetEase from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Barclays upped their target price on NetEase from $82.00 to $104.00 and gave the company an “equal weight” rating in a research report on Monday, February 24th. Bank of America raised their price objective on shares of NetEase from $120.00 to $122.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Finally, Citigroup increased their target price on NetEase from $108.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, November 15th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, NetEase has a consensus rating of “Moderate Buy” and a consensus target price of $114.57.

NetEase Company Profile

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.