Brokerages forecast that Baidu Inc (NASDAQ:BIDU) will report earnings per share (EPS) of $2.68 for the current quarter, Zacks reports. Two analysts have issued estimates for Baidu’s earnings, with the lowest EPS estimate coming in at $1.64 and the highest estimate coming in at $3.72. Baidu posted earnings per share of $1.92 in the same quarter last year, which indicates a positive year over year growth rate of 39.6%. The company is expected to issue its next quarterly earnings results after the market closes on Thursday, February 27th.
According to Zacks, analysts expect that Baidu will report full year earnings of $6.12 per share for the current financial year, with EPS estimates ranging from $5.37 to $7.51. For the next fiscal year, analysts forecast that the company will post earnings of $8.66 per share, with EPS estimates ranging from $7.82 to $9.54. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Baidu.
A number of research firms have issued reports on BIDU. Jefferies Financial Group set a $133.00 target price on Baidu and gave the company a “buy” rating in a research note on Friday, October 18th. Mizuho increased their target price on Baidu from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Macquarie initiated coverage on Baidu in a research note on Wednesday, November 27th. They set a “neutral” rating and a $134.00 target price on the stock. Sanford C. Bernstein upgraded Baidu from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $118.00 to $139.00 in a research note on Friday, November 8th. Finally, Oppenheimer increased their price target on Baidu from $145.00 to $165.00 and gave the stock an “outperform” rating in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $147.92.
NASDAQ:BIDU traded down $0.61 on Friday, reaching $134.57. The company’s stock had a trading volume of 1,696,492 shares, compared to its average volume of 4,318,928. Baidu has a 1-year low of $93.39 and a 1-year high of $186.22. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.59 and a current ratio of 2.59. The firm has a market cap of $47.22 billion, a PE ratio of -149.52, a PEG ratio of 2.89 and a beta of 1.79. The business’s 50-day moving average price is $133.18 and its two-hundred day moving average price is $115.25.
Hedge funds have recently modified their holdings of the business. Sunbelt Securities Inc. boosted its holdings in shares of Baidu by 185.2% in the 3rd quarter. Sunbelt Securities Inc. now owns 5,932 shares of the information services provider’s stock valued at $610,000 after purchasing an additional 3,852 shares in the last quarter. Congress Park Capital LLC acquired a new stake in shares of Baidu in the 4th quarter valued at $455,000. Parallel Advisors LLC boosted its holdings in shares of Baidu by 17.8% in the 3rd quarter. Parallel Advisors LLC now owns 1,276 shares of the information services provider’s stock valued at $131,000 after purchasing an additional 193 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Baidu in the 3rd quarter valued at $1,987,000. Finally, California Public Employees Retirement System boosted its holdings in shares of Baidu by 23.6% in the 4th quarter. California Public Employees Retirement System now owns 652,260 shares of the information services provider’s stock valued at $82,446,000 after purchasing an additional 124,430 shares in the last quarter. 52.26% of the stock is currently owned by hedge funds and other institutional investors.
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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