$1.22 EPS Expected for Baidu Inc (NASDAQ:BIDU) This Quarter

Equities research analysts predict that Baidu Inc (NASDAQ:BIDU) will post earnings per share of $1.22 for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Baidu’s earnings, with the lowest EPS estimate coming in at $1.16 and the highest estimate coming in at $1.27. Baidu posted earnings of $1.92 per share in the same quarter last year, which indicates a negative year over year growth rate of 36.5%. The business is expected to report its next quarterly earnings results on Thursday, February 20th.

On average, analysts expect that Baidu will report full year earnings of $4.49 per share for the current year, with EPS estimates ranging from $4.31 to $4.59. For the next year, analysts expect that the firm will report earnings of $6.51 per share, with EPS estimates ranging from $6.36 to $6.78. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Baidu.

A number of research firms recently weighed in on BIDU. Barclays upped their target price on shares of Baidu from $135.00 to $140.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Benchmark decreased their target price on shares of Baidu to $165.00 and set a “buy” rating on the stock in a report on Tuesday, August 20th. HSBC upped their target price on shares of Baidu from $137.00 to $141.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Morgan Stanley raised shares of Baidu from an “equal weight” rating to an “overweight” rating in a report on Thursday. Finally, Credit Suisse Group reaffirmed an “outperform” rating on shares of Baidu in a report on Wednesday, July 17th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $148.60.

Baidu stock traded up $2.69 during midday trading on Friday, hitting $124.56. 10,230,300 shares of the stock were exchanged, compared to its average volume of 3,773,880. The business’s 50-day moving average price is $104.66 and its 200-day moving average price is $115.54. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $37.75 billion, a price-to-earnings ratio of 15.97, a price-to-earnings-growth ratio of 16.14 and a beta of 1.72. Baidu has a 52-week low of $93.39 and a 52-week high of $196.00.

Several large investors have recently modified their holdings of BIDU. SG Americas Securities LLC increased its holdings in shares of Baidu by 604.1% in the 2nd quarter. SG Americas Securities LLC now owns 1,576,463 shares of the information services provider’s stock worth $185,014,000 after buying an additional 1,352,573 shares during the last quarter. Tweedy Browne Co LLC increased its holdings in shares of Baidu by 64.8% in the 2nd quarter. Tweedy Browne Co LLC now owns 2,367,889 shares of the information services provider’s stock worth $277,895,000 after buying an additional 930,874 shares during the last quarter. Prudential PLC increased its holdings in shares of Baidu by 44.5% in the 2nd quarter. Prudential PLC now owns 2,216,196 shares of the information services provider’s stock worth $259,933,000 after buying an additional 681,970 shares during the last quarter. Nuveen Asset Management LLC increased its holdings in shares of Baidu by 1,299.7% in the 2nd quarter. Nuveen Asset Management LLC now owns 677,245 shares of the information services provider’s stock worth $79,482,000 after buying an additional 628,859 shares during the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of Baidu by 67.6% in the 2nd quarter. Bank of Montreal Can now owns 1,328,677 shares of the information services provider’s stock worth $155,933,000 after buying an additional 535,992 shares during the last quarter. 56.45% of the stock is currently owned by hedge funds and other institutional investors.

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 its other properties and Union partners; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Haokan, a short video app; and Quanmin, a flash video app for users to create and share short videos.

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