ZTE CORP/ADR (ZTCOY) Forecasted to Earn FY2019 Earnings of $0.34 Per Share
ZTE CORP/ADR (OTCMKTS:ZTCOY) – Jefferies Financial Group lowered their FY2019 EPS estimates for ZTE CORP/ADR in a research note issued on Thursday, August 30th. Jefferies Financial Group analyst E. Lee now forecasts that the technology company will post earnings per share of $0.34 for the year, down from their previous estimate of $0.37. Jefferies Financial Group currently has a “Buy” rating on the stock. Jefferies Financial Group also issued estimates for ZTE CORP/ADR’s FY2020 earnings at $0.42 EPS and FY2021 earnings at $0.59 EPS.
Separately, Zacks Investment Research lowered ZTE CORP/ADR from a “buy” rating to a “hold” rating in a research note on Wednesday, August 15th.
ZTE CORP/ADR (OTCMKTS:ZTCOY) last issued its quarterly earnings results on Thursday, August 30th. The technology company reported ($0.18) earnings per share (EPS) for the quarter. The firm had revenue of $1.87 billion for the quarter. ZTE CORP/ADR had a net margin of 1.54% and a return on equity of 3.51%.
The business also recently disclosed an annual dividend, which was paid on Tuesday, September 4th. Stockholders of record on Tuesday, July 3rd were paid a dividend of $0.082 per share. This represents a dividend yield of 2.81%. The ex-dividend date of this dividend was Monday, July 2nd. ZTE CORP/ADR’s dividend payout ratio is presently 25.00%.
ZTE CORP/ADR Company Profile
ZTE Corporation provides telecommunications and information technology (IT) worldwide. It operates through three segments: Carriers' Networks, Consumer Business, and Government and Corporate Business. The company offers wireless products, base stations, network optimization tools, controllers, GoTa products, network management products, and infrastructure products; optical transmission products, such as WDM-OTN and MSTP; data communication products comprising Ethernet switch, IPTN, router and BMSG, and SDN and NFV products; and microwave products.
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