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

SEA (NYSE:SE) released its earnings results on Tuesday. The Internet company based in Singapore reported $0.24 earnings per share (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 analyst estimates of $4.09 billion. SEA had a negative net margin of 1.36% and a negative return on equity of 2.92%. SEA’s revenue was up 30.8% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.26) EPS.

SEA Stock Performance

SE stock traded up $3.98 during mid-day 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 firm has a fifty day simple moving average of $92.39 and a 200 day simple moving average of $78.69. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.49 and a quick ratio of 1.48. SEA has a 52 week low of $34.35 and a 52 week high of $117.52.

Analysts Set New Price Targets

A number of research firms recently commented on SE. JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $66.00 to $90.00 in a report on Wednesday, August 14th. Citigroup reduced their price target on SEA from $81.00 to $80.00 and set a “buy” rating for the company in a report on Tuesday, July 23rd. Benchmark lifted their price target on SEA from $87.00 to $94.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Barclays lifted their price target on SEA from $87.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. Finally, Wedbush reiterated an “outperform” rating and set a $105.00 price target (up previously from $84.00) on shares of SEA in a report on Monday, November 4th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus 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.