IQIYI (NASDAQ:IQ) released its quarterly earnings results on Monday. The company reported ($0.49) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.59) by $0.10, Morningstar.com reports. The firm had revenue of $7.11 billion during the quarter, compared to analysts’ expectations of $7.05 billion. IQIYI had a negative return on equity of 57.18% and a negative net margin of 38.28%. IQIYI’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.45) EPS. IQIYI updated its Q3 2019 guidance to EPS.

Shares of NASDAQ IQ opened at $18.69 on Thursday. IQIYI has a 1-year low of $14.35 and a 1-year high of $32.46. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.24 and a quick ratio of 1.24. The business’s fifty day moving average price is $18.51 and its two-hundred day moving average price is $21.17. The firm has a market capitalization of $13.11 billion, a PE ratio of -7.57 and a beta of 2.99.

A number of research firms have weighed in on IQ. Zacks Investment Research cut IQIYI from a “hold” rating to a “sell” rating in a report on Wednesday. JPMorgan Chase & Co. began coverage on IQIYI in a report on Friday, August 16th. They issued an “underweight” rating and a $14.00 price target for the company. Credit Suisse Group cut IQIYI from an “outperform” rating to a “neutral” rating in a report on Tuesday. KeyCorp began coverage on IQIYI in a report on Monday, July 29th. They issued a “sector weight” rating and a $21.00 price target for the company. Finally, Jefferies Financial Group assumed coverage on IQIYI in a report on Monday, August 5th. They issued a “buy” rating and a $21.80 price target for the company. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $21.40.

A number of hedge funds and other institutional investors have recently modified their holdings of IQ. Joseph P. Lucia & Associates LLC bought a new position in shares of IQIYI in the first quarter worth $25,000. Scotia Capital Inc. grew its stake in shares of IQIYI by 4.6% in the second quarter. Scotia Capital Inc. now owns 17,553 shares of the company’s stock worth $363,000 after purchasing an additional 770 shares in the last quarter. National Asset Management Inc. grew its stake in shares of IQIYI by 5.3% in the first quarter. National Asset Management Inc. now owns 15,868 shares of the company’s stock worth $380,000 after purchasing an additional 794 shares in the last quarter. HighPoint Advisor Group LLC grew its stake in shares of IQIYI by 7.3% in the first quarter. HighPoint Advisor Group LLC now owns 12,406 shares of the company’s stock worth $272,000 after purchasing an additional 845 shares in the last quarter. Finally, Advisory Services Network LLC grew its stake in shares of IQIYI by 23.0% in the second quarter. Advisory Services Network LLC now owns 4,550 shares of the company’s stock worth $94,000 after purchasing an additional 850 shares in the last quarter. 20.24% of the stock is currently owned by hedge funds and other institutional investors.

IQIYI Company Profile

iQIYI, Inc, together with its subsidiaries, provides online entertainment services under the iQIYI brand in China. It operates a platform that provides a collection of Internet video content, including professionally-produced content licensed from professional content providers and self-produced content.

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Earnings History for IQIYI (NASDAQ:IQ)

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