SEA (NYSE:SE) Issues Earnings Results

Key Points

• SEA reported a quarterly earnings per share (EPS) of $0.65, which fell short of analysts' expectations of $1.03, marking a significant miss by $0.38.
• Despite the earnings miss, SEA's revenue increased by 38.2% compared to the same quarter last year.
• Analyst ratings show a mix of performance outlooks, with most rating the stock as a "hold" or "buy," and a consensus price target of $159.82 indicating potential for further growth.

SEA (NYSE:SE - Get Free Report) released its quarterly earnings data on Tuesday. The Internet company based in Singapore reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $1.03 by ($0.38), Briefing.com reports. SEA had a return on equity of 10.74% and a net margin of 4.87%. SEA's revenue was up 38.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.14 earnings per share.

SEA Stock Performance

Shares of NYSE:SE opened at $171.88 on Tuesday. The business's fifty day moving average price is $156.26 and its two-hundred day moving average price is $141.12. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.49. The stock has a market capitalization of $101.26 billion, a price-to-earnings ratio of 122.69 and a beta of 1.58. SEA has a fifty-two week low of $70.00 and a fifty-two week high of $172.65.

Analyst Ratings Changes

A number of equities research analysts have issued reports on SE shares. Wedbush reiterated an "outperform" rating on shares of SEA in a research note on Wednesday, May 14th. Wall Street Zen cut shares of SEA from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Sanford C. Bernstein restated an "outperform" rating and set a $170.00 price objective on shares of SEA in a research note on Wednesday, May 14th. Bank of America cut shares of SEA from a "buy" rating to a "neutral" rating and set a $160.00 price objective on the stock. in a research note on Friday, May 9th. Finally, JPMorgan Chase & Co. upgraded shares of SEA from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $135.00 to $190.00 in a research note on Tuesday, May 13th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $159.82.

Institutional Trading of SEA

An institutional investor recently bought a new position in SEA stock. Woodline Partners LP bought a new stake in Sea Limited Sponsored ADR (NYSE:SE - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 30,870 shares of the Internet company based in Singapore's stock, valued at approximately $4,028,000. Institutional investors and hedge funds own 59.53% of the company's stock.

SEA Company Profile

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.

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