Zacks: Brokerages Expect Momo Inc (NASDAQ:MOMO) Will Post Earnings of $0.73 Per Share

Equities research analysts expect Momo Inc (NASDAQ:MOMO) to report $0.73 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have provided 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 earnings report on Wednesday, August 28th.

On average, analysts expect that Momo will report full year earnings of $2.86 per share for the current year, with EPS estimates ranging from $2.72 to $3.02. For the next financial year, analysts expect that the business will post earnings of $3.43 per share, with EPS estimates ranging from $3.33 to $3.55. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Momo.

Momo (NASDAQ:MOMO) last announced its quarterly earnings data on Tuesday, May 28th. The information services provider reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.18. Momo had a return on equity of 23.10% and a net margin of 15.96%. The company had revenue of $554.73 million during the quarter, compared to analyst estimates of $531.78 million. During the same quarter last year, the firm posted $0.69 EPS. The firm’s revenue for the quarter was up 27.5% on a year-over-year basis.

A number of research firms have weighed in on MOMO. Citigroup set a $73.00 target price on Esperion Therapeutics and gave the company a “buy” rating in a report on Tuesday, May 28th. Nomura lifted their target price on Momo from $47.00 to $49.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Zacks Investment Research raised HENKEL AG & CO/S from a “sell” rating to a “hold” rating in a report on Thursday, June 6th. BidaskClub lowered Ames National from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, ValuEngine lowered Virtu Financial from a “hold” rating to a “sell” rating in a report on Tuesday, June 18th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. Momo presently has an average rating of “Buy” and a consensus target price of $42.43.

MOMO stock traded up $1.62 during mid-day trading on Friday, reaching $35.07. 206,248 shares of the company traded hands, compared to its average volume of 2,119,163. The company has a quick ratio of 4.24, a current ratio of 4.24 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $6.66 billion, a P/E ratio of 17.93, a P/E/G ratio of 0.86 and a beta of 2.30. Momo has a 52-week low of $22.85 and a 52-week high of $49.38. The company has a fifty day moving average price of $32.81.

Hedge funds and other institutional investors have recently modified their holdings of the company. Groesbeck Investment Management Corp NJ bought a new stake in Momo in the 1st quarter worth approximately $1,429,000. Hershey Trust Co. lifted its position in Momo by 117.7% in the 1st quarter. Hershey Trust Co. now owns 27,393 shares of the information services provider’s stock worth $1,048,000 after buying an additional 14,808 shares during the last quarter. British Airways Pensions Investment Management Ltd lifted its position in Momo by 10.8% in the 1st quarter. British Airways Pensions Investment Management Ltd now owns 70,867 shares of the information services provider’s stock worth $2,710,000 after buying an additional 6,900 shares during the last quarter. First Hawaiian Bank bought a new stake in Momo in the 1st quarter worth approximately $232,000. Finally, NumerixS Investment Technologies Inc bought a new stake in Momo in the 4th quarter worth approximately $71,000. 58.39% of the stock is owned by institutional investors.

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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