SEA (NYSE:SE) Issues Earnings Results, Misses Expectations By $0.37 EPS

SEA (NYSE:SE) posted its quarterly earnings results on Tuesday. The Internet company based in Singapore reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.37), Zacks reports. SEA had a net margin of 0.64% and a return on equity of 1.40%.

SEA Stock Down 2.9 %

SEA stock opened at $123.52 on Tuesday. The business’s 50-day moving average price is $118.72 and its 200 day moving average price is $104.60. The firm has a market cap of $70.70 billion, a price-to-earnings ratio of 823.47 and a beta of 1.55. SEA has a 52 week low of $49.76 and a 52 week high of $139.18. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Wedbush restated an “outperform” rating and issued a $105.00 target price (up from $84.00) on shares of SEA in a research note on Monday, November 4th. Dbs Bank upgraded shares of SEA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. Benchmark boosted their target price on SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Phillip Securities reaffirmed a “reduce” rating and set a $100.00 price objective (up from $80.00) on shares of SEA in a research report on Tuesday, November 19th. Finally, TD Cowen upped their target price on shares of SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, SEA currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.43.

About SEA

Sea Ltd. is an internet and mobile platform company, which engages in the provision of online gaming services. It operates through the following segments: Digital Entertainment, E-Commerce, and Digital Financial Services. The Digital Entertainment segment offers and develops mobile and PC online games.