SEA (NYSE:SE) Releases Quarterly Earnings Results, Misses Estimates By $0.35 EPS

SEA (NYSE:SE) posted its quarterly earnings results on Tuesday. The Internet company based in Singapore reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.35), Briefing.com reports. The business had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.09 billion. SEA had a return on equity of 1.47% and a net margin of 0.64%. The business’s quarterly revenue was up 30.8% on a year-over-year basis. During the same period in the prior year, the business posted ($0.26) earnings per share.

SEA Trading Down 2.6 %

Shares of SE stock opened at $104.88 on Thursday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.48 and a current ratio of 1.49. The stock has a market capitalization of $60.03 billion, a P/E ratio of 699.20 and a beta of 1.52. The company has a 50 day moving average price of $92.92 and a 200 day moving average price of $78.88. SEA has a fifty-two week low of $34.35 and a fifty-two week high of $117.52.

Wall Street Analysts Forecast Growth

SE has been the subject of several recent analyst reports. Bank of America raised their price objective on shares of SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Barclays raised their price objective on shares of SEA from $87.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. Benchmark raised their price objective on shares of SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. upgraded shares of SEA from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $66.00 to $90.00 in a research report on Wednesday, August 14th. Finally, Wedbush reiterated an “outperform” rating and set a $105.00 price target (up from $84.00) on shares of SEA in a research report on Monday, November 4th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $87.69.

About SEA

Sea Limited, together with its subsidiaries, engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally. It offers Garena digital entertainment platform for users to access mobile and PC online games, as well as promotes eSports operations.