Sohu.com Limited (NASDAQ:SOHU) Expected to Announce Earnings of $0.06 Per Share

Wall Street brokerages expect Sohu.com Limited (NASDAQ:SOHU) to report earnings of $0.06 per share for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Sohu.com’s earnings. Sohu.com posted earnings of ($0.39) per share in the same quarter last year, which indicates a positive year over year growth rate of 115.4%. The company is scheduled to announce its next quarterly earnings report on Monday, November 15th.

According to Zacks, analysts expect that Sohu.com will report full year earnings of $2.43 per share for the current financial year. For the next financial year, analysts forecast that the firm will report earnings of $0.48 per share. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Sohu.com.

Sohu.com (NASDAQ:SOHU) last issued its quarterly earnings data on Monday, August 9th. The information services provider reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.27. The business had revenue of $204.40 million during the quarter. Sohu.com had a net margin of 12.40% and a return on equity of 7.86%.

Several equities analysts recently commented on the stock. Jefferies Financial Group raised shares of Sohu.com from a “hold” rating to a “buy” rating and increased their price objective for the company from $23.50 to $28.00 in a research note on Tuesday, August 10th. TheStreet raised shares of Sohu.com from a “d+” rating to a “c-” rating in a research note on Tuesday, June 29th. Finally, Zacks Investment Research downgraded shares of Sohu.com from a “buy” rating to a “hold” rating and set a $19.00 price objective for the company. in a research note on Wednesday, May 26th.

A number of hedge funds and other institutional investors have recently made changes to their positions in SOHU. Wells Fargo & Company MN acquired a new stake in shares of Sohu.com during the second quarter worth $26,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Sohu.com during the second quarter worth $44,000. UBS Group AG increased its position in shares of Sohu.com by 119.0% during the first quarter. UBS Group AG now owns 11,019 shares of the information services provider’s stock worth $174,000 after buying an additional 5,988 shares during the period. American Century Companies Inc. acquired a new stake in shares of Sohu.com during the second quarter worth $186,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of Sohu.com during the second quarter worth $201,000. Hedge funds and other institutional investors own 39.79% of the company’s stock.

NASDAQ:SOHU traded down $0.04 on Friday, hitting $21.20. The company had a trading volume of 466,354 shares, compared to its average volume of 407,398. The stock has a market capitalization of $833.29 million, a price-to-earnings ratio of 8.10 and a beta of 2.09. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.07. The firm has a 50 day moving average of $21.70 and a two-hundred day moving average of $19.11. Sohu.com has a 52 week low of $15.04 and a 52 week high of $24.99.

Sohu.com Company Profile

Sohu.com Ltd. is an online media, search, and game service company, which provides online products and services on PC and mobile devices. It provides a network of web properties and community based/Web 2.0 products, which offer the vast Sohu user community a broad array of choices regarding information, entertainment and communication.

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