Cheetah Mobile Inc. (CMCM) Posts Earnings Results, Beats Estimates By $1.01 EPS
Cheetah Mobile Inc. (NYSE:CMCM) posted its quarterly earnings data on Tuesday. The software maker reported $1.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $1.01, Briefing.com reports. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Cheetah Mobile had a net margin of 4.57% and a return on equity of 6.79%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the company posted $0.51 EPS.
Shares of Cheetah Mobile (NYSE:CMCM) traded down $0.05 on Tuesday, hitting $10.82. 710,400 shares of the stock were exchanged, compared to its average volume of 910,775. Cheetah Mobile has a fifty-two week low of $7.54 and a fifty-two week high of $13.79. The firm has a market cap of $1,840.00, a price-to-earnings ratio of 49.41 and a beta of 3.01. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.89 and a quick ratio of 1.89.
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A number of research firms recently weighed in on CMCM. BidaskClub raised shares of Cheetah Mobile from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. Zacks Investment Research cut shares of Cheetah Mobile from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Instinet reiterated a “neutral” rating and set a $12.00 target price (up from $11.50) on shares of Cheetah Mobile in a report on Wednesday, August 23rd. Nomura increased their target price on shares of Cheetah Mobile from $11.50 to $12.00 and gave the stock a “neutral” rating in a report on Wednesday, August 23rd. Finally, Credit Suisse Group assumed coverage on shares of Cheetah Mobile in a report on Tuesday, October 3rd. They set a “neutral” rating and a $9.50 target price on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $11.38.
About Cheetah Mobile
Cheetah Mobile Inc is a holding company. The Company and its consolidated subsidiaries, variable interest entities (VIEs) and a VIE’s subsidiary are engaged in the provision of online marketing services, Internet value-added services, and Internet security services and others. The Company operates a platform that offers mobile and personal computer (PC) applications for its users and global content promotional channels for its customers, both of which are powered by its cloud-based data analytics engines.
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