JD.com (NASDAQ:JD – Get Free Report) issued its quarterly earnings data on Thursday. The information services provider reported $9.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $8.57, Briefing.com reports. JD.com had a net margin of 2.26% and a return on equity of 11.43%. The firm had revenue of $291.40 billion during the quarter, compared to the consensus estimate of $291.01 billion. During the same quarter in the previous year, the firm posted $0.68 EPS. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year.
JD.com Stock Performance
Shares of NASDAQ:JD traded up $2.29 on Friday, reaching $29.29. 24,919,113 shares of the company’s stock were exchanged, compared to its average volume of 12,888,521. The company has a quick ratio of 0.88, a current ratio of 1.15 and a debt-to-equity ratio of 0.15. JD.com has a fifty-two week low of $20.82 and a fifty-two week high of $35.69. The business’s 50-day moving average is $27.05 and its two-hundred day moving average is $27.21. The firm has a market capitalization of $46.19 billion, a price-to-earnings ratio of 13.37 and a beta of 0.39.
Analyst Ratings Changes
A number of analysts have recently issued reports on the stock. Barclays reduced their price objective on shares of JD.com from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Tuesday, July 16th. The Goldman Sachs Group began coverage on JD.com in a research note on Thursday, April 25th. They issued a “buy” rating and a $37.00 price objective for the company. Mizuho lifted their target price on JD.com from $33.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Bank of America upped their price target on JD.com from $38.00 to $43.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Finally, Macquarie upgraded shares of JD.com from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $26.00 to $40.00 in a research report on Friday, May 17th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.93.
JD.com Company Profile
JD.com, Inc operates as a supply chain-based technology and service provider in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry.
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