iQIYI (NASDAQ:IQ) Releases Earnings Results, Beats Estimates By $0.01 EPS

iQIYI (NASDAQ:IQ) posted its earnings results on Tuesday. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01, Zacks reports. iQIYI had a net margin of 4.69% and a return on equity of 13.26%.

iQIYI Price Performance

Shares of IQ stock opened at $2.54 on Tuesday. The stock has a 50 day moving average price of $2.13 and a 200 day moving average price of $2.36. The firm has a market capitalization of $2.44 billion, a P/E ratio of 12.70, a P/E/G ratio of 3.76 and a beta of 0.03. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.45 and a current ratio of 0.45. iQIYI has a 52-week low of $1.82 and a 52-week high of $5.80.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Hsbc Global Res raised shares of iQIYI from a “moderate sell” rating to a “hold” rating in a research note on Thursday, January 16th. HSBC raised iQIYI from a “reduce” rating to a “hold” rating and set a $2.15 price objective on the stock in a research note on Thursday, January 16th. Benchmark reiterated a “hold” rating on shares of iQIYI in a report on Friday, January 24th. OTR Global reissued a “negative” rating on shares of iQIYI in a research report on Wednesday, January 8th. Finally, Citigroup lowered their price target on iQIYI from $3.00 to $2.80 and set a “buy” rating for the company in a research report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, iQIYI currently has a consensus rating of “Hold” and an average price target of $2.91.

iQIYI Company Profile

iQIYI, Inc, together with its subsidiaries, provides online entertainment video services in the People's Republic of China. It offers various products and services, including online video, online games, online literature, animations, and other products. The company operates a platform that provides a collection of internet video content, such as professionally produced content licensed from professional content providers and self-produced content.