SEA (NYSE:SE) Releases Earnings Results, Beats Estimates By $0.16 EPS

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.

Several hedge funds have recently modified their holdings of the company. Aperio Group LLC raised its stake in shares of SEA by 4.2% in the second quarter. Aperio Group LLC now owns 9,864 shares of the Internet company based in Singapore’s stock worth $328,000 after purchasing an additional 397 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of SEA by 11.2% in the second quarter. HighTower Advisors LLC now owns 11,891 shares of the Internet company based in Singapore’s stock worth $392,000 after purchasing an additional 1,202 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new position in shares of SEA in the second quarter worth $44,000. Glen Harbor Capital Management LLC purchased a new position in shares of SEA in the second quarter worth $68,000. Finally, Daiwa Securities Group Inc. raised its stake in shares of SEA by 85.7% in the second quarter. Daiwa Securities Group Inc. now owns 4,550 shares of the Internet company based in Singapore’s stock worth $151,000 after purchasing an additional 2,100 shares during the last quarter. Hedge funds and other institutional investors own 59.58% of the company’s stock.

About SEA

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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Earnings History for SEA (NYSE:SE)

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