-$1.24 EPS Expected for Sohu.com Inc. (SOHU) This Quarter

Equities research analysts expect Sohu.com Inc. (NASDAQ:SOHU) to report earnings of ($1.24) per share for the current quarter, Zacks reports. Zero analysts have provided estimates for Sohu.com’s earnings. Sohu.com posted earnings per share of ($1.94) during the same quarter last year, which would suggest a positive year-over-year growth rate of 36.1%. The company is scheduled to issue its next quarterly earnings report on Monday, October 23rd.

According to Zacks, analysts expect that Sohu.com will report full year earnings of ($6.64) per share for the current financial year, with EPS estimates ranging from ($7.19) to ($5.72). For the next year, analysts anticipate that the firm will report earnings of ($2.48) per share, with EPS estimates ranging from ($4.75) to ($0.76). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover Sohu.com.

Sohu.com (NASDAQ:SOHU) last posted its quarterly earnings data on Monday, July 31st. The information services provider reported ($1.85) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.73) by $0.12. Sohu.com had a negative return on equity of 18.90% and a negative net margin of 17.93%. The business had revenue of $461.20 million for the quarter, compared to analyst estimates of $456.10 million. During the same quarter last year, the business earned ($1.61) EPS. Sohu.com’s revenue for the quarter was up 9.8% compared to the same quarter last year.

Several analysts have issued reports on SOHU shares. BidaskClub raised shares of Sohu.com from a “hold” rating to a “buy” rating in a research note on Friday, August 4th. Morgan Stanley raised shares of Sohu.com from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $36.00 to $60.00 in a research note on Tuesday, August 1st. Zacks Investment Research raised shares of Sohu.com from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Benchmark Co. started coverage on shares of Sohu.com in a research note on Tuesday, April 18th. They set a “hold” rating on the stock. Finally, HSBC Holdings plc downgraded shares of Sohu.com from a “buy” rating to a “hold” rating and boosted their target price for the company from $48.00 to $57.00 in a research note on Tuesday, May 23rd. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $52.58.

In related news, CEO Charles Zhang purchased 25,000 shares of the company’s stock in a transaction dated Friday, May 12th. The shares were acquired at an average cost of $40.06 per share, with a total value of $1,001,500.00. Following the completion of the purchase, the chief executive officer now owns 68,700 shares of the company’s stock, valued at approximately $2,752,122. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 21.01% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN increased its position in Sohu.com by 12.9% in the first quarter. Wells Fargo & Company MN now owns 6,191 shares of the information services provider’s stock valued at $243,000 after buying an additional 706 shares during the last quarter. Penserra Capital Management LLC increased its position in Sohu.com by 8.7% in the first quarter. Penserra Capital Management LLC now owns 9,954 shares of the information services provider’s stock valued at $391,000 after buying an additional 793 shares during the last quarter. SG Americas Securities LLC increased its position in Sohu.com by 37.8% in the first quarter. SG Americas Securities LLC now owns 4,751 shares of the information services provider’s stock valued at $187,000 after buying an additional 1,302 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its position in Sohu.com by 15.2% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 19,449 shares of the information services provider’s stock valued at $765,000 after buying an additional 2,563 shares during the last quarter. Finally, UBS Group AG increased its position in Sohu.com by 48.8% in the first quarter. UBS Group AG now owns 8,812 shares of the information services provider’s stock valued at $347,000 after buying an additional 2,891 shares during the last quarter. 63.21% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Sohu.com (NASDAQ:SOHU) opened at 56.32 on Wednesday. The firm’s market cap is $2.19 billion. The stock’s 50 day moving average price is $47.80 and its 200 day moving average price is $42.94. Sohu.com has a 12-month low of $32.60 and a 12-month high of $58.98.

Sohu.com Company Profile

Sohu.com Inc (Sohu) is an online media, search and game service company, which is engaged in providing online products and services on personal computers (PCs) and mobile devices in the People’s Republic of China (the PRC). The Company operates through three segments: the Sohu segment; the Sogou segment, and the Changyou segment.

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