SEA (NYSE:SE) announced its quarterly earnings data on Tuesday. The Internet company based in Singapore reported ($0.43) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.59) by $0.16, Morningstar.com reports. SEA had a negative return on equity of 247.93% and a negative net margin of 114.88%. The company had revenue of $788.00 million for the quarter, compared to analysts’ expectations of $615.76 million. During the same period last year, the firm posted ($0.94) EPS. SEA’s revenue for the quarter was up 132.6% compared to the same quarter last year.
Shares of SE stock opened at $32.22 on Friday. The firm has a market cap of $10.79 billion, a P/E ratio of -10.89 and a beta of 1.32. SEA has a fifty-two week low of $10.52 and a fifty-two week high of $38.00. The business’s 50 day moving average price is $35.28 and its 200-day moving average price is $27.35. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.25 and a current ratio of 2.26.
SE has been the topic of several recent research reports. Stifel Nicolaus raised their price target on SEA from $44.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday. Goldman Sachs Group upgraded SEA from a “neutral” rating to a “buy” rating in a research report on Tuesday, August 13th. Zacks Investment Research upgraded SEA from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research report on Wednesday, August 14th. Citigroup set a $38.00 price objective on SEA and gave the stock a “buy” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. began coverage on SEA in a research report on Wednesday, June 12th. They issued an “overweight” rating and a $36.00 price objective on the stock. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $41.67.
Sea Limited engages in the digital entertainment, e-commerce, and digital financial service businesses in Taiwan, Thailand, Vietnam, Indonesia, and internationally. It provides Garena digital entertainment platform for users to access mobile and PC online games, and eSports operations; and access to other entertainment content, such as live streaming of online gameplay and social features.
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