SEA (NYSE:SE) Issues Quarterly Earnings Results

SEA (NYSE:SE - Get Free Report) released its quarterly earnings results on Tuesday. The Internet company based in Singapore reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.40), RTT News reports. SEA had a return on equity of 2.54% and a net margin of 1.27%. The company had revenue of $3.73 billion for the quarter, compared to analysts' expectations of $3.64 billion. During the same period in the prior year, the business earned $0.15 EPS. The business's quarterly revenue was up 22.8% compared to the same quarter last year.

SEA Price Performance

Shares of SEA stock traded up $1.80 during trading on Tuesday, hitting $66.26. 17,092,832 shares of the company were exchanged, compared to its average volume of 6,659,000. SEA has a fifty-two week low of $34.35 and a fifty-two week high of $88.39. The stock has a market capitalization of $37.92 billion, a price-to-earnings ratio of 276.08 and a beta of 1.43. The firm has a 50 day moving average price of $58.55 and a 200 day moving average price of $46.75. The company has a quick ratio of 1.43, a current ratio of 1.44 and a debt-to-equity ratio of 0.46.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Barclays raised their price target on SEA from $68.00 to $85.00 and gave the stock an "overweight" rating in a report on Friday, May 3rd. Bank of America raised SEA from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $62.00 to $70.00 in a report on Monday, April 22nd. JPMorgan Chase & Co. raised SEA from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $43.00 to $70.00 in a report on Tuesday, March 5th. Sanford C. Bernstein boosted their price target on SEA from $60.00 to $70.00 and gave the stock an "outperform" rating in a research note on Thursday, March 14th. Finally, Wedbush reissued an "outperform" rating and set a $72.00 price target on shares of SEA in a research note on Tuesday. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $71.21.

SEA Company Profile

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.