Wall Street analysts forecast that Baidu Inc (NASDAQ:BIDU) will post earnings of $0.41 per share for the current quarter, according to Zacks. Three analysts have issued estimates for Baidu’s earnings. The highest EPS estimate is $0.52 and the lowest is $0.20. Baidu posted earnings per share of $2.60 in the same quarter last year, which would indicate a negative year over year growth rate of 84.2%. The business is expected to report its next quarterly earnings report after the market closes on Thursday, May 16th.
On average, analysts expect that Baidu will report full year earnings of $7.58 per share for the current financial year, with EPS estimates ranging from $6.69 to $8.86. For the next financial year, analysts expect that the company will report earnings of $10.86 per share, with EPS estimates ranging from $10.21 to $12.09. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that follow Baidu.
Several equities research analysts have issued reports on BIDU shares. Credit Suisse Group set a $221.00 price target on Baidu and gave the stock a “buy” rating in a report on Wednesday, April 10th. BidaskClub upgraded shares of Baidu from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. Morgan Stanley set a $175.00 target price on shares of Baidu and gave the stock a “hold” rating in a report on Tuesday, March 26th. Mizuho dropped their target price on shares of Baidu from $215.00 to $205.00 and set a “buy” rating for the company in a report on Tuesday, May 7th. Finally, KeyCorp set a $220.00 target price on shares of Baidu and gave the stock an “overweight” rating in a report on Tuesday, April 23rd. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $230.64.
A number of institutional investors and hedge funds have recently modified their holdings of the business. IHT Wealth Management LLC lifted its holdings in Baidu by 14.6% in the first quarter. IHT Wealth Management LLC now owns 3,877 shares of the information services provider’s stock worth $639,000 after buying an additional 495 shares during the period. Covenant Partners LLC bought a new position in shares of Baidu during the first quarter valued at approximately $661,000. Wunderlich Capital Managemnt increased its stake in shares of Baidu by 3.8% during the first quarter. Wunderlich Capital Managemnt now owns 7,428 shares of the information services provider’s stock valued at $1,224,000 after purchasing an additional 269 shares in the last quarter. RMB Capital Management LLC bought a new position in shares of Baidu during the first quarter valued at approximately $383,000. Finally, Springhouse Capital Management LP increased its stake in shares of Baidu by 5.5% during the first quarter. Springhouse Capital Management LP now owns 38,270 shares of the information services provider’s stock valued at $6,309,000 after purchasing an additional 2,000 shares in the last quarter. Institutional investors and hedge funds own 60.69% of the company’s stock.
BIDU stock traded up $1.35 during trading on Friday, hitting $153.85. The company had a trading volume of 113,248 shares, compared to its average volume of 3,078,196. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.73 and a quick ratio of 2.73. The firm has a market cap of $53.62 billion, a price-to-earnings ratio of 19.73, a P/E/G ratio of 4.58 and a beta of 1.44. Baidu has a fifty-two week low of $150.02 and a fifty-two week high of $284.22.
Baidu Company Profile
Baidu, Inc provides Internet search services in China and internationally. It operates through two segments, Baidu Core and iQIYI. The Baidu Core segment offers products for uses, including Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services through its other properties and Union partners; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Haokan, a short video app; and Quanmin, a flash video app for users to create and share short videos.
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