JD.com (NASDAQ:JD) Posts Earnings Results, Beats Estimates By $8.57 EPS

JD.com (NASDAQ:JD) posted its earnings results on Thursday. The information services provider reported $9.36 EPS for the quarter, topping the consensus estimate of $0.79 by $8.57, Briefing.com reports. JD.com had a net margin of 2.26% and a return on equity of 11.43%. The firm had revenue of $291.40 billion during the quarter, compared to analysts’ expectations of $291.01 billion. During the same period last year, the company posted $0.68 EPS. The company’s quarterly revenue was up 1.2% compared to the same quarter last year.

JD.com Trading Up 8.5 %

Shares of JD traded up $2.29 on Friday, hitting $29.29. 24,919,113 shares of the stock traded hands, compared to its average volume of 12,888,521. The firm has a market capitalization of $46.19 billion, a P/E ratio of 13.37 and a beta of 0.39. The stock’s 50 day moving average is $27.05 and its two-hundred day moving average is $27.21. JD.com has a 1 year low of $20.82 and a 1 year high of $35.69. The company has a quick ratio of 0.88, a current ratio of 1.15 and a debt-to-equity ratio of 0.15.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Sanford C. Bernstein dropped their target price on JD.com from $35.00 to $32.00 and set a “market perform” rating on the stock in a research report on Friday. Loop Capital reduced their price objective on JD.com from $35.00 to $31.00 and set a “hold” rating on the stock in a research note on Friday, June 21st. Benchmark dropped their price target on JD.com from $55.00 to $47.00 and set a “buy” rating for the company in a research report on Friday. Mizuho lifted their price target on shares of JD.com from $33.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Finally, StockNews.com downgraded JD.com from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $36.93.

JD.com Company Profile

JD.com, Inc operates as a supply chain-based technology and service provider in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry.