Tencent (TCEHY) Projected to Post Quarterly Earnings on Wednesday

Key Points

• Tencent plans to release its earnings report before the market opens on August 13th, with analysts predicting earnings of $0.98 per share and revenue of $24.83 billion.
• In its last quarterly report, Tencent's earnings were $0.76 per share, falling short of the $0.88 consensus estimate, despite revenue exceeding expectations.
• Tencent recently increased its dividend to $0.5102 per share, reflecting a dividend yield of 77.0%, up from the previous $0.27.

Tencent (OTCMKTS:TCEHY - Get Free Report) is expected to be posting its quarterly earnings results before the market opens on Wednesday, August 13th. Analysts expect Tencent to post earnings of $0.98 per share and revenue of $24.83 billion for the quarter.

Tencent (OTCMKTS:TCEHY - Get Free Report) last posted its quarterly earnings results on Wednesday, May 14th. The technology company reported $0.76 earnings per share for the quarter, missing analysts' consensus estimates of $0.88 by ($0.12). Tencent had a return on equity of 19.82% and a net margin of 29.39%. The company had revenue of $25 billion for the quarter, compared to analyst estimates of $24.19 billion. On average, analysts expect Tencent to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Tencent Price Performance

Shares of OTCMKTS:TCEHY traded down $0.27 on Friday, reaching $71.68. 1,413,003 shares of the company were exchanged, compared to its average volume of 1,856,253. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.30. Tencent has a 1-year low of $46.11 and a 1-year high of $73.33. The firm has a market cap of $657.00 billion, a price-to-earnings ratio of 24.30 and a beta of 0.09. The company has a 50-day moving average of $66.40 and a 200-day moving average of $63.21.

Tencent Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, June 16th. Investors of record on Tuesday, May 20th were paid a $0.5102 dividend. This represents a yield of 77.0%. The ex-dividend date of this dividend was Monday, May 19th. This is a positive change from Tencent's previous dividend of $0.27. Tencent's dividend payout ratio is currently 16.95%.

Analysts Set New Price Targets

Separately, Barclays reissued an "overweight" rating on shares of Tencent in a research note on Thursday, May 15th.

Tencent Company Profile

Tencent Holdings Limited, an investment holding company, offers value-added services (VAS), online advertising, fintech, and business services in the People's Republic of China and internationally. It operates through VAS, Online Advertising, FinTech and Business Services, and Others segments. The company's consumers business provides communication and services, such as instant messaging and social network; digital content including online games, videos, live streaming, news, music, and literature; fintech services, which includes mobile payment, wealth management, loans, and securities trading; and various tools, such as network security management, browser, navigation, application management, email, etc.