Analysts Anticipate Ninetowns Internet Technlgy Grp Co Ltd. (NINE) Will Post Quarterly Sales of $142.67 Million

Analysts forecast that Ninetowns Internet Technlgy Grp Co Ltd. (NASDAQ:NINE) will report sales of $142.67 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Ninetowns Internet Technlgy Grp’s earnings. The highest sales estimate is $144.00 million and the lowest is $141.34 million. The business is scheduled to report its next earnings report on Monday, January 1st.

On average, analysts expect that Ninetowns Internet Technlgy Grp will report full-year sales of $142.67 million for the current year, with estimates ranging from $530.72 million to $534.00 million. For the next financial year, analysts anticipate that the firm will report sales of $712.99 million per share, with estimates ranging from $712.00 million to $713.98 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Ninetowns Internet Technlgy Grp.

How to Become a New Pot Stock Millionaire

A number of equities analysts have recently weighed in on the company. Scotia Howard Weill assumed coverage on Ninetowns Internet Technlgy Grp in a research note on Tuesday, February 13th. They issued a “sector perform” rating and a $29.00 price objective for the company. JPMorgan Chase & Co. assumed coverage on Ninetowns Internet Technlgy Grp in a research note on Tuesday, February 13th. They issued an “overweight” rating and a $33.00 price objective for the company. Bank of America assumed coverage on Ninetowns Internet Technlgy Grp in a research note on Tuesday, February 13th. They issued a “buy” rating and a $35.00 price objective for the company. Piper Jaffray Companies assumed coverage on Ninetowns Internet Technlgy Grp in a research note on Tuesday, February 13th. They issued an “overweight” rating and a $35.00 price objective for the company. Finally, Goldman Sachs assumed coverage on Ninetowns Internet Technlgy Grp in a research note on Tuesday, February 13th. They issued a “buy” rating and a $23.50 price objective for the company. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $30.61.

In other Ninetowns Internet Technlgy Grp news, Director Gary L. Thomas acquired 20,000 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The stock was purchased at an average price of $23.00 per share, with a total value of $460,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of NINE stock opened at $24.47 on Wednesday. The company has a market capitalization of $66.47, a PE ratio of 222.45 and a beta of 0.25. Ninetowns Internet Technlgy Grp has a 1 year low of $22.23 and a 1 year high of $29.00.

ILLEGAL ACTIVITY WARNING: “Analysts Anticipate Ninetowns Internet Technlgy Grp Co Ltd. (NINE) Will Post Quarterly Sales of $142.67 Million” was first posted by Stock Observer and is the sole property of of Stock Observer. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of United States and international copyright & trademark laws. The legal version of this piece of content can be read at https://www.thestockobserver.com/2018/03/21/analysts-anticipate-ninetowns-internet-technlgy-grp-co-ltd-nine-will-post-quarterly-sales-of-142-67-million.html.

Ninetowns Internet Technlgy Grp Company Profile

Ninetowns Internet Technology Group Company Limited is a software company that enables enterprises and trade-related People’s Republic of China Government agencies to streamline the import/export process in China. It operates in four segments: enterprise software and related maintenance services , software development services segment, B2C e-commerce and, and real estate development.

Get a free copy of the Zacks research report on Ninetowns Internet Technlgy Grp (NINE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Ninetowns Internet Technlgy Grp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ninetowns Internet Technlgy Grp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply