SEA (NYSE:SE) Announces Earnings Results

SEA (NYSE:SE) announced its quarterly earnings data on Tuesday. The Internet company based in Singapore reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.35), Briefing.com reports. The firm had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.09 billion. SEA had a negative net margin of 1.36% and a negative return on equity of 2.92%. The firm’s quarterly revenue was up 30.8% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.26) earnings per share.

SEA Trading Up 3.7 %

Shares of SE traded up $3.98 during midday trading on Wednesday, hitting $111.63. The stock had a trading volume of 1,088,454 shares, compared to its average volume of 5,392,211. The company has a 50 day simple moving average of $92.39 and a two-hundred day simple moving average of $78.69. SEA has a twelve month low of $34.35 and a twelve month high of $117.52. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.48 and a current ratio of 1.49.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $66.00 to $90.00 in a research report on Wednesday, August 14th. Bank of America raised their price target on SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Wedbush restated an “outperform” rating and issued a $105.00 price target (up from $84.00) on shares of SEA in a research report on Monday, November 4th. Citigroup reduced their price target on SEA from $81.00 to $80.00 and set a “buy” rating on the stock in a research report on Tuesday, July 23rd. Finally, Barclays raised their price target on SEA from $87.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $82.54.

About SEA

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 promotes eSports operations.