Momo (MOMO) Announces Quarterly Earnings Results, Beats Estimates By $0.09 EPS
Momo (NASDAQ:MOMO) issued its quarterly earnings results on Thursday. The information services provider reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.09, Fidelity Earnings reports. Momo had a net margin of 25.40% and a return on equity of 37.12%. The company had revenue of $536.00 million for the quarter, compared to the consensus estimate of $535.30 million. During the same quarter in the prior year, the company earned $0.45 EPS. Momo’s quarterly revenue was up 51.4% on a year-over-year basis.
Momo stock opened at $28.11 on Thursday. Momo has a 1 year low of $22.89 and a 1 year high of $54.24. The firm has a market capitalization of $6.31 billion, a P/E ratio of 18.37, a P/E/G ratio of 0.65 and a beta of 1.84. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.46 and a current ratio of 3.46.
Several brokerages recently weighed in on MOMO. BidaskClub upgraded shares of Momo from a “sell” rating to a “hold” rating in a report on Friday, November 2nd. TH Capital cut their price target on shares of Momo to $40.00 and set a “buy” rating on the stock in a report on Wednesday, November 21st. ValuEngine downgraded shares of Momo from a “hold” rating to a “sell” rating in a report on Saturday, November 10th. 86 Research raised shares of Momo from a “hold” rating to a “buy” rating in a research note on Friday, November 9th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $58.00 price objective on shares of Momo in a research note on Thursday, November 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Momo has a consensus rating of “Buy” and a consensus price target of $50.07.
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Momo Inc operates a mobile-based social and entertainment platform in the People's Republic of China. The company operates Momo platform that includes its Momo mobile application and various related features, functionalities, tools, and services to users, customers, and platform partners. It offers Momo mobile application that enables users to establish and expand their social relationships based on locations; interests; and recreational activities, including live videos, short videos, social games, and other video- and audio-based interactive experiences.
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