Coupang (CPNG) Scheduled to Post Quarterly Earnings on Tuesday

Coupang (NYSE:CPNG) will be posting its quarterly earnings results after the market closes on Tuesday, August 6th. Analysts expect Coupang to post earnings of $0.04 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Coupang (NYSE:CPNG) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). Coupang had a return on equity of 13.59% and a net margin of 4.96%. The business had revenue of $7.11 billion for the quarter, compared to analyst estimates of $6.95 billion. During the same period in the prior year, the company posted $0.05 earnings per share. The company’s revenue was up 22.6% compared to the same quarter last year. On average, analysts expect Coupang to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Coupang Stock Down 1.4 %

Shares of NYSE CPNG traded down $0.29 during midday trading on Tuesday, hitting $20.01. 744,770 shares of the company’s stock were exchanged, compared to its average volume of 10,924,023. The firm’s fifty day simple moving average is $21.43 and its 200-day simple moving average is $19.49. The company has a market cap of $35.78 billion, a PE ratio of 28.94, a P/E/G ratio of 1,998.02 and a beta of 1.09. Coupang has a twelve month low of $13.51 and a twelve month high of $23.77. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.15 and a quick ratio of 0.89.

Insider Activity

In related news, insider Pranam Kolari sold 2,048 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $22.34, for a total transaction of $45,752.32. Following the transaction, the insider now owns 187,951 shares of the company’s stock, valued at $4,198,825.34. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Coupang news, Director Benjamin Sun sold 700,000 shares of the company’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $20.63, for a total transaction of $14,441,000.00. Following the completion of the transaction, the director now owns 2,169,421 shares in the company, valued at approximately $44,755,155.23. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Pranam Kolari sold 2,048 shares of Coupang stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $22.34, for a total transaction of $45,752.32. Following the completion of the sale, the insider now directly owns 187,951 shares in the company, valued at approximately $4,198,825.34. The disclosure for this sale can be found here. Over the last three months, insiders sold 753,538 shares of company stock valued at $15,662,818. Insiders own 13.60% of the company’s stock.

Wall Street Analysts Forecast Growth

CPNG has been the topic of a number of research analyst reports. Barclays raised their price objective on shares of Coupang from $25.00 to $32.00 and gave the stock an “overweight” rating in a report on Thursday, May 9th. Morgan Stanley boosted their price target on shares of Coupang from $26.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, June 26th. Mizuho raised their price objective on Coupang from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Wednesday, May 8th. Bank of America assumed coverage on Coupang in a research report on Friday, May 3rd. They set a “buy” rating and a $30.00 target price on the stock. Finally, UBS Group upgraded Coupang from a “neutral” rating to a “buy” rating and raised their price target for the stock from $18.50 to $26.00 in a research note on Thursday, May 16th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Coupang has an average rating of “Moderate Buy” and a consensus price target of $26.71.

About Coupang

Coupang, Inc, together with its subsidiaries owns and operates retail business through its mobile applications and Internet websites primarily in South Korea. The company operates through Product Commerce and Developing Offerings segments. It sells various products and services in the categories of home goods and décor products, apparel, beauty products, fresh food and groceries, sporting goods, electronics, and everyday consumables, as well as travel, and restaurant order and delivery services.