Momo (MOMO) Set to Announce Quarterly Earnings on Tuesday

Momo (NASDAQ:MOMO) is set to announce its earnings results before the market opens on Tuesday, May 28th. Analysts expect the company to announce earnings of $0.43 per share for the quarter. Momo has set its Q1 2019 guidance at EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

Momo (NASDAQ:MOMO) last issued its quarterly earnings data on Tuesday, March 12th. The information services provider reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.17. Momo had a net margin of 21.19% and a return on equity of 30.62%. The firm had revenue of $559.10 million for the quarter, compared to analysts’ expectations of $536.45 million. During the same quarter in the prior year, the business earned $0.53 EPS. The business’s quarterly revenue was up 44.7% on a year-over-year basis. On average, analysts expect Momo to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of NASDAQ:MOMO opened at $27.37 on Tuesday. Momo has a twelve month low of $22.85 and a twelve month high of $54.24. The company has a current ratio of 4.69, a quick ratio of 4.69 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $5.40 billion, a PE ratio of 13.96, a price-to-earnings-growth ratio of 0.49 and a beta of 2.07.

The firm also recently disclosed a special dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th were paid a $0.62 dividend. The ex-dividend date was Thursday, April 4th.

Several equities analysts have recently weighed in on MOMO shares. BidaskClub upgraded shares of Momo from a “hold” rating to a “buy” rating in a research note on Tuesday, January 22nd. Zacks Investment Research upgraded shares of Momo from a “sell” rating to a “hold” rating in a research note on Wednesday, February 6th. Morgan Stanley upgraded shares of Momo from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $33.00 to $44.00 in a research note on Wednesday, March 13th. Nomura increased their price objective on shares of Momo from $41.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Finally, ValuEngine cut shares of Momo from a “hold” rating to a “sell” rating in a research note on Friday, May 10th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $46.11.

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About Momo

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 talent shows, short videos, social games, and other video- and audio-based interactive experiences.

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Earnings History for Momo (NASDAQ:MOMO)

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