JD.Com (JD) Stock Price Down 0% on Disappointing Earnings
JD.Com Inc (NASDAQ:JD) shares fell 0% on Friday following a dissappointing earnings announcement. The stock traded as low as $41.80 and last traded at $43.80. 34,859,279 shares changed hands during mid-day trading, an increase of 142% from the average session volume of 14,390,000 shares. The stock had previously closed at $43.80.
The information services provider reported ($0.10) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.06). JD.Com had a negative net margin of 0.29% and a positive return on equity of 0.83%. The business had revenue of $110,165.33 billion for the quarter, compared to the consensus estimate of $108.88 billion. During the same quarter last year, the business earned ($0.40) EPS. JD.Com’s revenue for the quarter was up 38.7% compared to the same quarter last year.
Several equities research analysts have recently issued reports on the stock. Vetr upgraded shares of JD.Com from a “buy” rating to a “strong-buy” rating and set a $52.28 target price for the company in a report on Monday, February 5th. BidaskClub upgraded shares of JD.Com from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 7th. KeyCorp raised their target price on shares of JD.Com from $51.00 to $56.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. Zacks Investment Research lowered shares of JD.Com from a “buy” rating to a “hold” rating in a report on Friday. Finally, Nomura raised their target price on shares of JD.Com from $49.00 to $52.00 and gave the stock a “buy” rating in a report on Tuesday, November 14th. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $48.59.
The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.79 and a current ratio of 1.12. The company has a market capitalization of $62,369.62, a PE ratio of -1,459.51 and a beta of 1.51.
JD.com, Inc is an online direct sales company. The Company engages in the sale of electronics and home appliance products and general merchandise products (including audio, video products and books) sourced from manufacturers, distributors and publishers in China on the Internet through its Website, www.jd.com.
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