Sea (NYSE:SE) – Piper Jaffray lowered their Q2 2018 EPS estimates for shares of SEA in a research note issued on Wednesday, May 16th. Piper Jaffray analyst M. Olson now forecasts that the pipeline company will post earnings of ($0.77) per share for the quarter, down from their prior estimate of ($0.64). Piper Jaffray also issued estimates for SEA’s Q3 2018 earnings at ($0.64) EPS, Q4 2018 earnings at ($0.60) EPS, FY2018 earnings at ($2.58) EPS, Q1 2019 earnings at ($0.60) EPS, Q2 2019 earnings at ($0.49) EPS, Q3 2019 earnings at ($0.39) EPS, Q4 2019 earnings at ($0.34) EPS, FY2019 earnings at ($1.81) EPS, FY2020 earnings at ($0.65) EPS and FY2021 earnings at $1.10 EPS.

Several other research firms have also recently weighed in on SE. Zacks Investment Research raised SEA from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research report on Thursday, January 25th. ValuEngine raised SEA from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. SEA presently has an average rating of “Buy” and a consensus target price of $18.00.

SEA opened at $11.74 on Friday, Marketbeat reports. The company has a current ratio of 0.47, a quick ratio of 0.40 and a debt-to-equity ratio of 1.15. SEA has a fifty-two week low of $11.08 and a fifty-two week high of $11.81.

SEA (NYSE:SE) last announced its quarterly earnings results on Wednesday, May 16th. The pipeline company reported ($0.61) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.60) by ($0.01). The company had revenue of $197.04 million during the quarter, compared to the consensus estimate of $159.54 million. During the same quarter in the previous year, the company posted ($0.39) EPS. SEA’s revenue for the quarter was up 81.2% compared to the same quarter last year.

Institutional investors and hedge funds have recently modified their holdings of the company. Sei Investments Co. bought a new stake in shares of SEA in the 1st quarter worth approximately $111,000. Northern Trust Corp bought a new stake in shares of SEA in the 1st quarter worth approximately $121,000. First Mercantile Trust Co. bought a new stake in shares of SEA in the 1st quarter worth approximately $123,000. Paloma Partners Management Co bought a new stake in shares of SEA in the 4th quarter worth approximately $207,000. Finally, Raymond James & Associates bought a new stake in shares of SEA in the 4th quarter worth approximately $366,000. 68.67% of the stock is currently owned by hedge funds and other institutional investors.

SEA Company Profile

Sea Limited engages in the digital entertainment, e-commerce, and digital financial service businesses in the Greater Southeast Asia. The company operates through three segments: Digital Entertainment, E-commerce and Digital Financial services. It provides Garena digital entertainment platform for users to access mobile and PC online games, and eSports operations; and access to other entertainment content, such as live streaming of online gameplay and social features.

Earnings History and Estimates for SEA (NYSE:SE)

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