SEA (NYSE:SE) Posts Quarterly Earnings Results, Misses Estimates By $0.45 EPS

SEA (NYSE:SE) posted its quarterly earnings results on Tuesday. The Internet company based in Singapore reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.45), Briefing.com reports. The firm had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.73 billion. SEA had a return on equity of 0.80% and a net margin of 0.39%. The business’s revenue was up 23.0% compared to the same quarter last year. During the same period last year, the company posted $0.54 earnings per share.

SEA Trading Up 11.8 %

Shares of SEA stock traded up $7.93 on Tuesday, reaching $74.85. 16,243,589 shares of the company’s stock were exchanged, compared to its average volume of 5,926,541. The firm’s 50-day moving average is $70.08 and its two-hundred day moving average is $61.11. The company has a market capitalization of $42.84 billion, a P/E ratio of 1,497.00 and a beta of 1.51. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.44 and a current ratio of 1.46. SEA has a 52 week low of $34.35 and a 52 week high of $76.60.

Analyst Upgrades and Downgrades

SE has been the subject of several research reports. Loop Capital raised their price target on SEA from $92.00 to $94.00 and gave the company a “buy” rating in a report on Monday, June 10th. Dbs Bank reaffirmed a “hold” rating and set a $75.00 target price on shares of SEA in a report on Friday, June 28th. TD Cowen increased their price target on shares of SEA from $52.00 to $64.00 and gave the company a “hold” rating in a report on Wednesday, May 15th. Wedbush restated an “outperform” rating and set a $84.00 price objective (up previously from $76.00) on shares of SEA in a report on Tuesday. Finally, Morgan Stanley upgraded SEA from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $65.00 to $70.00 in a research note on Monday, April 22nd. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $74.57.

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.