Tencent (OTCMKTS:TCEHY) Issues Earnings Results, Misses Estimates By $0.12 EPS

Tencent (OTCMKTS:TCEHY) issued its quarterly earnings data on Wednesday. The technology company reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.12), Zacks reports. Tencent had a return on equity of 18.98% and a net margin of 29.92%.

Tencent Price Performance

Shares of TCEHY traded up $3.35 during mid-day trading on Wednesday, hitting $61.65. 6,518,572 shares of the stock were exchanged, compared to its average volume of 3,615,023. The firm has a 50-day moving average of $64.17 and a two-hundred day moving average of $72.63. Tencent has a 52-week low of $57.91 and a 52-week high of $87.68. The company has a market cap of $562.60 billion, a PE ratio of 18.24 and a beta of 0.29. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.44 and a current ratio of 1.44.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Erste Group Bank cut Tencent from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. Zacks Research cut Tencent from a “strong-buy” rating to a “hold” rating in a report on Monday, March 23rd. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.00.

About Tencent

Tencent Holdings Limited is a Chinese multinational technology conglomerate headquartered in Shenzhen, Guangdong. Founded in 1998, the company grew from early instant-messaging products into a diversified internet services group and is listed on the Hong Kong Stock Exchange. Tencent’s businesses span consumer-facing applications, digital content, cloud services and financial technology, supported by a broad investment program in global technology and gaming companies.

At the consumer level Tencent operates major social and communication platforms such as QQ and WeChat (Weixin), which combine messaging, social networking, mobile payments and a wide range of mini-programs and services.