SEA (NYSE:SE – Get Free Report) will be posting its quarterly earnings results before the market opens on Tuesday, August 15th. Analysts expect SEA to post earnings of $0.69 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.
SEA (NYSE:SE – Get Free Report) last announced its earnings results on Tuesday, May 16th. The Internet company based in Singapore reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.49). SEA had a negative net margin of 7.83% and a negative return on equity of 14.44%. The business had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $3.04 billion. During the same period in the prior year, the business earned ($1.04) earnings per share. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, analysts expect SEA to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
SEA Stock Down 1.5 %
Shares of SEA stock opened at $58.53 on Tuesday. SEA has a 1 year low of $40.67 and a 1 year high of $93.70. The stock has a fifty day moving average price of $60.52 and a 200-day moving average price of $69.13. The company has a quick ratio of 1.85, a current ratio of 1.87 and a debt-to-equity ratio of 0.54.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on SE. Bank of America decreased their target price on SEA from $92.00 to $90.00 in a research report on Wednesday, May 17th. Bernstein Bank decreased their target price on SEA from $100.00 to $90.00 in a research report on Tuesday, July 11th. UBS Group raised SEA from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $66.00 to $86.00 in a report on Monday, July 31st. Benchmark started coverage on SEA in a report on Thursday, April 20th. They issued a “buy” rating and a $105.00 price objective for the company. Finally, Loop Capital lifted their price objective on SEA from $62.00 to $88.00 and gave the stock a “hold” rating in a report on Thursday, April 13th. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, SEA presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.35.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. boosted its position in shares of SEA by 135.7% during the 1st quarter. First Horizon Advisors Inc. now owns 495 shares of the Internet company based in Singapore’s stock valued at $43,000 after acquiring an additional 285 shares during the last quarter. Laffer Tengler Investments bought a new stake in shares of SEA during the 1st quarter valued at about $66,000. Fortis Capital Advisors LLC bought a new stake in shares of SEA during the 1st quarter valued at about $68,000. Pinnacle Holdings LLC bought a new stake in shares of SEA during the 1st quarter valued at about $68,000. Finally, Seaport Global Advisors LLC boosted its position in shares of SEA by 23.4% during the 4th quarter. Seaport Global Advisors LLC now owns 1,944 shares of the Internet company based in Singapore’s stock valued at $101,000 after acquiring an additional 368 shares during the last quarter. Institutional investors own 73.73% of the company’s stock.
SEA Company Profile
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.