BEST (NYSE:BEST) posted its earnings results on Tuesday. The company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.02, reports. BEST had a negative return on equity of 10.65% and a negative net margin of 1.35%. The business had revenue of $8.79 billion during the quarter, compared to analyst estimates of $8.89 billion. During the same quarter last year, the firm earned ($0.15) earnings per share. The company’s revenue for the quarter was up 30.5% compared to the same quarter last year. BEST updated its FY 2019 guidance to EPS.

Shares of BEST opened at $4.50 on Wednesday. The stock has a market capitalization of $1.81 billion, a P/E ratio of -21.43, a P/E/G ratio of 3.78 and a beta of 1.20. BEST has a one year low of $3.77 and a one year high of $8.80. The company has a 50-day simple moving average of $5.09.

A number of equities research analysts have recently issued reports on the company. Sanford C. Bernstein lowered BEST from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $11.00 to $6.00 in a research note on Tuesday, April 23rd. Zacks Investment Research lowered BEST from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. Finally, KeyCorp reduced their price target on BEST from $8.00 to $7.00 and set an “overweight” rating for the company in a report on Wednesday, May 15th.

BEST Company Profile

BEST Inc operates as a smart supply chain service provider in the People's Republic of China. Its proprietary technology platform enables its ecosystem participants to operate their businesses through various SaaS-based applications. The company applies its technologies to a range of applications, such as network and route optimization, swap bodies, sorting line automation, smart warehouses, and store management.

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