Equities analysts predict that JD.Com Inc (NASDAQ:JD) will announce sales of $21.72 billion for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for JD.Com’s earnings, with estimates ranging from $21.40 billion to $21.94 billion. JD.Com posted sales of $18.48 billion in the same quarter last year, which would indicate a positive year over year growth rate of 17.5%. The company is expected to issue its next earnings report on Thursday, August 15th.
On average, analysts expect that JD.Com will report full-year sales of $81.27 billion for the current financial year, with estimates ranging from $78.83 billion to $82.30 billion. For the next financial year, analysts expect that the business will report sales of $96.00 billion, with estimates ranging from $93.86 billion to $97.98 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for JD.Com.
JD.Com (NASDAQ:JD) last announced its quarterly earnings data on Friday, May 10th. The information services provider reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.15. JD.Com had a return on equity of 0.46% and a net margin of 0.69%. The company had revenue of $121.08 billion during the quarter, compared to the consensus estimate of $120.01 billion. During the same quarter in the prior year, the firm earned $0.71 EPS. The company’s quarterly revenue was up 20.9% compared to the same quarter last year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sunbelt Securities Inc. grew its position in shares of JD.Com by 24.4% in the second quarter. Sunbelt Securities Inc. now owns 12,995 shares of the information services provider’s stock valued at $394,000 after purchasing an additional 2,550 shares during the last quarter. Coastal Investment Advisors Inc. lifted its stake in shares of JD.Com by 29.3% in the second quarter. Coastal Investment Advisors Inc. now owns 43,942 shares of the information services provider’s stock valued at $1,339,000 after buying an additional 9,955 shares during the period. Pendal Group Ltd bought a new stake in shares of JD.Com in the second quarter valued at about $7,621,000. CWM LLC bought a new stake in shares of JD.Com in the second quarter valued at about $26,000. Finally, Ropes Wealth Advisors LLC bought a new stake in shares of JD.Com in the second quarter valued at about $30,000. Institutional investors own 48.77% of the company’s stock.
Shares of NASDAQ:JD traded down $1.30 on Thursday, reaching $28.61. 22,029,023 shares of the company traded hands, compared to its average volume of 15,553,097. JD.Com has a fifty-two week low of $19.21 and a fifty-two week high of $36.80. The firm has a 50 day simple moving average of $30.18. The stock has a market cap of $36.45 billion, a PE ratio of -953.67 and a beta of 1.42. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.83 and a quick ratio of 0.49.
JD.Com Company Profile
JD.com, Inc, through its subsidiaries, operates as an e-commerce company and retail infrastructure service provider in the People's Republic of China. It operates in two segments, JD Retail and New Businesses. The company offers home appliances; mobile handsets and other digital products; desktop, laptop, and other computers, as well as printers and other office equipment; furniture and household goods; apparel; cosmetics, personal care items, and pet products; women's shoes, bags, jewelry, and luxury goods; men's shoes, sports gears, and fitness equipment; automobiles and accessories; maternal and childcare products, toys, and musical instruments; and food, beverage, and fresh produce.
Featured Story: Why is insider trading harmful?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for JD.Com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JD.Com and related companies with MarketBeat.com's FREE daily email newsletter.