$0.73 Earnings Per Share Expected for Momo Inc (NASDAQ:MOMO) This Quarter

Wall Street analysts expect Momo Inc (NASDAQ:MOMO) to announce $0.73 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Momo’s earnings, with the highest EPS estimate coming in at $0.75 and the lowest estimate coming in at $0.72. Momo reported earnings per share of $0.66 during the same quarter last year, which would indicate a positive year over year growth rate of 10.6%. The company is expected to issue its next quarterly earnings report on Wednesday, August 28th.

According to Zacks, analysts expect that Momo will report full year earnings of $2.86 per share for the current fiscal year, with EPS estimates ranging from $2.72 to $3.02. For the next financial year, analysts expect that the company will post earnings of $3.43 per share, with EPS estimates ranging from $3.33 to $3.55. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Momo.

Momo (NASDAQ:MOMO) last released its earnings results on Tuesday, May 28th. The information services provider reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.18. Momo had a net margin of 15.96% and a return on equity of 23.10%. The firm had revenue of $554.73 million during the quarter, compared to analyst estimates of $531.78 million. During the same quarter in the previous year, the firm earned $0.69 earnings per share. The firm’s revenue for the quarter was up 27.5% compared to the same quarter last year.

MOMO has been the subject of several recent research reports. ValuEngine lowered shares of Virtu Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, June 18th. Citigroup set a $73.00 target price on shares of Esperion Therapeutics and gave the company a “buy” rating in a research note on Tuesday, May 28th. Nomura boosted their target price on shares of Momo from $47.00 to $49.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. BidaskClub lowered shares of Ames National from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Zacks Investment Research upgraded shares of HENKEL AG & CO/S from a “sell” rating to a “hold” rating in a research note on Thursday, June 6th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the stock. Momo currently has a consensus rating of “Buy” and a consensus price target of $42.43.

MOMO stock traded up $1.61 during trading on Friday, hitting $35.06. 3,815,815 shares of the company’s stock traded hands, compared to its average volume of 2,136,548. The company has a quick ratio of 4.24, a current ratio of 4.24 and a debt-to-equity ratio of 0.46. Momo has a 52 week low of $22.85 and a 52 week high of $49.38. The firm’s fifty day moving average price is $32.96. The stock has a market cap of $6.98 billion, a PE ratio of 17.89, a price-to-earnings-growth ratio of 0.93 and a beta of 2.30.

Several institutional investors have recently added to or reduced their stakes in MOMO. Financial Gravity Wealth Inc. bought a new position in shares of Momo during the first quarter worth about $25,000. Quadrant Capital Group LLC grew its position in shares of Momo by 21.5% during the first quarter. Quadrant Capital Group LLC now owns 1,694 shares of the information services provider’s stock worth $64,000 after acquiring an additional 300 shares during the last quarter. NumerixS Investment Technologies Inc bought a new position in shares of Momo during the fourth quarter worth about $71,000. Advisors Asset Management Inc. grew its position in shares of Momo by 55.6% during the first quarter. Advisors Asset Management Inc. now owns 2,014 shares of the information services provider’s stock worth $77,000 after acquiring an additional 720 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its position in shares of Momo by 242.0% during the first quarter. Daiwa Securities Group Inc. now owns 3,830 shares of the information services provider’s stock worth $146,000 after acquiring an additional 2,710 shares during the last quarter. Institutional investors and hedge funds own 58.39% of the company’s stock.

Momo Company Profile

Momo Inc operates a mobile-based social and entertainment platform in the People's Republic of China. The company operates Momo platform that includes its Momo mobile application and various related features, functionalities, tools, and services to users, customers, and platform partners. It offers Momo mobile application that enables users to establish and expand their social relationships based on locations; interests; and recreational activities, including live talent shows, short videos, social games, and other video- and audio-based interactive experiences.

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