Equities analysts expect Baidu Inc (NASDAQ:BIDU) to report earnings per share (EPS) of $2.46 for the current quarter, Zacks reports. Four analysts have made estimates for Baidu’s earnings. The lowest EPS estimate is $2.39 and the highest is $2.58. Baidu reported earnings of $3.89 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 36.8%. The firm is scheduled to issue its next quarterly earnings report on Thursday, October 25th.

On average, analysts expect that Baidu will report full-year earnings of $12.14 per share for the current fiscal year, with EPS estimates ranging from $10.19 to $14.08. For the next fiscal year, analysts forecast that the company will report earnings of $11.84 per share, with EPS estimates ranging from $11.10 to $12.22. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Baidu.

Several research firms have recently weighed in on BIDU. BNP Paribas started coverage on shares of Baidu in a research report on Thursday, June 14th. They issued a “buy” rating on the stock. Credit Suisse Group upgraded shares of Baidu from a “neutral” rating to an “outperform” rating and set a $307.00 price target for the company in a report on Monday, July 9th. BidaskClub upgraded shares of Baidu from a “hold” rating to a “buy” rating in a report on Thursday, July 12th. Zacks Investment Research cut shares of Baidu from a “hold” rating to a “sell” rating in a research note on Wednesday, July 11th. Finally, Deutsche Bank set a $337.00 target price on shares of Baidu and gave the company a “buy” rating in a research note on Wednesday, August 1st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Baidu presently has a consensus rating of “Buy” and a consensus price target of $295.19.

Shares of BIDU traded down $0.78 during mid-day trading on Tuesday, hitting $216.88. The company’s stock had a trading volume of 2,114,700 shares, compared to its average volume of 3,333,543. The stock has a market capitalization of $76.30 billion, a P/E ratio of 26.91, a P/E/G ratio of 0.93 and a beta of 1.55. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.19 and a quick ratio of 2.19. Baidu has a fifty-two week low of $207.74 and a fifty-two week high of $284.22.

Baidu announced that its Board of Directors has approved a stock buyback plan on Wednesday, June 27th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the information services provider to buy up to 1.2% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. increased its stake in Baidu by 29.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 328,537 shares of the information services provider’s stock worth $79,835,000 after purchasing an additional 74,585 shares in the last quarter. TCW Group Inc. bought a new stake in Baidu during the 2nd quarter worth approximately $29,277,000. NINE MASTS CAPITAL Ltd bought a new stake in Baidu during the 1st quarter worth approximately $6,249,000. Apertura Capital LLC bought a new stake in Baidu during the 2nd quarter worth approximately $4,860,000. Finally, Maple Brown Abbott Ltd increased its stake in Baidu by 4.5% during the 2nd quarter. Maple Brown Abbott Ltd now owns 387,753 shares of the information services provider’s stock worth $94,224,000 after purchasing an additional 16,569 shares in the last quarter. Institutional investors and hedge funds own 61.32% of the company’s stock.

Baidu Company Profile

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 mobile browsers; Baidu Feed that provides users with personalized timeline to meet their personal interests reflected in their past online behaviors, such as search and browsing, and their demographics; and Bear Paw Account that enables verified brands and businesses to aggregate their content from Websites, wapsites, and open-platform apps.

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Earnings History and Estimates for Baidu (NASDAQ:BIDU)

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