Equities analysts forecast that Baidu Inc (NASDAQ:BIDU) will report sales of $4.13 billion for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Baidu’s earnings, with the lowest sales estimate coming in at $4.04 billion and the highest estimate coming in at $4.19 billion. Baidu posted sales of $3.53 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 17%. The firm is scheduled to issue its next earnings results on Thursday, October 25th.

According to Zacks, analysts expect that Baidu will report full-year sales of $15.42 billion for the current fiscal year, with estimates ranging from $15.04 billion to $16.16 billion. For the next financial year, analysts forecast that the company will post sales of $18.59 billion, with estimates ranging from $17.88 billion to $19.95 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that cover Baidu.

A number of research analysts have weighed in on BIDU shares. ValuEngine cut shares of Baidu from a “hold” rating to a “sell” rating in a report on Thursday, September 6th. BidaskClub cut shares of Baidu from a “sell” rating to a “strong sell” rating in a report on Friday, August 17th. Deutsche Bank set a $337.00 price objective on shares of Baidu and gave the company a “buy” rating in a report on Wednesday, August 1st. Zacks Investment Research raised shares of Baidu from a “sell” rating to a “hold” rating in a report on Friday, August 3rd. Finally, BNP Paribas started coverage on shares of Baidu in a report on Thursday, June 14th. They issued a “buy” rating for the company. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $296.39.

BIDU traded down $4.45 on Friday, reaching $205.62. The stock had a trading volume of 3,953,200 shares, compared to its average volume of 3,293,094. Baidu has a 12-month low of $202.21 and a 12-month high of $284.22. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.19 and a current ratio of 2.19. The stock has a market capitalization of $79.30 billion, a price-to-earnings ratio of 25.81, a PEG ratio of 0.97 and a beta of 1.49.

Baidu declared that its board has authorized a stock repurchase plan on Wednesday, June 27th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the information services provider to purchase up to 1.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

A number of large investors have recently bought and sold shares of BIDU. Advisors Asset Management Inc. boosted its holdings in Baidu by 31,003.6% in the 2nd quarter. Advisors Asset Management Inc. now owns 1,103,867 shares of the information services provider’s stock valued at $1,547,000 after purchasing an additional 1,100,318 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Baidu by 51.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,916,981 shares of the information services provider’s stock valued at $708,826,000 after purchasing an additional 990,424 shares during the last quarter. Waddell & Reed Financial Inc. acquired a new position in Baidu in the 2nd quarter valued at about $222,598,000. Mainstay Capital Management LLC ADV acquired a new position in Baidu in the 2nd quarter valued at about $3,069,000. Finally, Acadian Asset Management LLC boosted its holdings in Baidu by 1,443.7% in the 2nd quarter. Acadian Asset Management LLC now owns 679,601 shares of the information services provider’s stock valued at $165,141,000 after purchasing an additional 635,577 shares during the last quarter. Institutional investors own 61.32% of the company’s stock.

About Baidu

Baidu, Inc provides Internet search services in China and internationally. It operates through two segments, Baidu Core and iQIYI. The Baidu Core segment offers products for uses, including Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services through mobile browsers; Baidu Feed that provides users with personalized timeline to meet their personal interests reflected in their past online behaviors, such as search and browsing, and their demographics; and Bear Paw Account that enables verified brands and businesses to aggregate their content from Websites, wapsites, and open-platform apps.

Recommended Story: Marijuana Stocks

Get a free copy of the Zacks research report on Baidu (BIDU)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Baidu (NASDAQ:BIDU)

Receive News & Ratings for Baidu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baidu and related companies with MarketBeat.com's FREE daily email newsletter.