Coupang (CPNG) Set to Announce Earnings on Tuesday

Coupang (NYSE:CPNG) will release its earnings data after the market closes on Tuesday, August 6th. Analysts expect Coupang to post earnings of $0.04 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Coupang (NYSE:CPNG) last issued its earnings results on Tuesday, May 7th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Coupang had a return on equity of 13.59% and a net margin of 4.96%. The business had revenue of $7.11 billion for the quarter, compared to analyst estimates of $6.95 billion. During the same period last year, the company posted $0.05 earnings per share. The firm’s revenue for the quarter was up 22.6% on a year-over-year basis. On average, analysts expect Coupang to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Coupang Stock Performance

Shares of NYSE:CPNG traded down $0.29 during trading on Tuesday, reaching $20.01. 744,770 shares of the company’s stock traded hands, compared to its average volume of 10,924,023. The stock has a market capitalization of $35.78 billion, a P/E ratio of 28.94, a price-to-earnings-growth ratio of 1,998.02 and a beta of 1.09. Coupang has a 12 month low of $13.51 and a 12 month high of $23.77. The company has a 50 day moving average of $21.43 and a 200-day moving average of $19.49. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.15 and a quick ratio of 0.89.

Analyst Ratings Changes

CPNG has been the subject of several recent research reports. Morgan Stanley upped their target price on Coupang from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, June 26th. Mizuho increased their target price on Coupang from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 8th. UBS Group upgraded Coupang from a “neutral” rating to a “buy” rating and raised their target price for the company from $18.50 to $26.00 in a research note on Thursday, May 16th. Bank of America started coverage on shares of Coupang in a research report on Friday, May 3rd. They set a “buy” rating and a $30.00 price target for the company. Finally, Citigroup lifted their price objective on shares of Coupang from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $26.71.

Insider Activity

In related news, insider Pranam Kolari sold 2,048 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $22.34, for a total transaction of $45,752.32. Following the transaction, the insider now owns 187,951 shares in the company, valued at $4,198,825.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Benjamin Sun sold 700,000 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $20.63, for a total transaction of $14,441,000.00. Following the completion of the transaction, the director now owns 2,169,421 shares in the company, valued at approximately $44,755,155.23. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Pranam Kolari sold 2,048 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $22.34, for a total transaction of $45,752.32. Following the transaction, the insider now owns 187,951 shares of the company’s stock, valued at approximately $4,198,825.34. The disclosure for this sale can be found here. Insiders sold 753,538 shares of company stock worth $15,662,818 over the last three months. Corporate insiders own 13.60% of the company’s stock.

About Coupang

Coupang, Inc, together with its subsidiaries owns and operates retail business through its mobile applications and Internet websites primarily in South Korea. The company operates through Product Commerce and Developing Offerings segments. It sells various products and services in the categories of home goods and décor products, apparel, beauty products, fresh food and groceries, sporting goods, electronics, and everyday consumables, as well as travel, and restaurant order and delivery services.