SEA (NYSE:SE) Announces Quarterly Earnings Results, Misses Expectations By $0.35 EPS

SEA (NYSE:SE) released its quarterly earnings results 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 company had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.09 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. The company’s quarterly revenue was up 30.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.26) earnings per share.

SEA Trading Down 1.6 %

NYSE:SE opened at $103.32 on Friday. SEA has a 1 year low of $34.35 and a 1 year high of $117.52. The stock’s fifty day moving average price is $93.42 and its two-hundred day moving average price is $79.05. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.48. The company has a market cap of $59.13 billion, a P/E ratio of 688.80 and a beta of 1.52.

Analyst Upgrades and Downgrades

Several analysts have recently commented on SE shares. Wedbush reiterated an “outperform” rating and issued a $105.00 target price (up previously from $84.00) on shares of SEA in a report on Monday, November 4th. Benchmark increased their price objective on shares of SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday. Dbs Bank upgraded SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. JPMorgan Chase & Co. raised SEA from a “neutral” rating to an “overweight” rating and increased their price target for the company from $66.00 to $90.00 in a research report on Wednesday, August 14th. Finally, Barclays lifted their price target on SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a report on Thursday. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, SEA presently has an average rating of “Moderate Buy” and a consensus target price of $90.54.

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 promotes eSports operations.