Sohu.com (NASDAQ:SOHU) posted its quarterly earnings results on Monday. The information services provider reported ($1.27) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($1.55) by $0.28, RTT News reports. Sohu.com had a negative net margin of 6.65% and a negative return on equity of 8.07%. The firm had revenue of $474.76 million for the quarter, compared to the consensus estimate of $480.38 million. During the same quarter in the previous year, the company earned ($1.27) earnings per share. The business’s revenue was down 2.3% compared to the same quarter last year. Sohu.com updated its Q3 2019 guidance to $-0.8–0.55 EPS and its Q3 guidance to ($0.80-0.55) EPS.
SOHU opened at $8.80 on Wednesday. Sohu.com has a fifty-two week low of $8.79 and a fifty-two week high of $24.84. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.91 and a quick ratio of 1.91. The business’s fifty day simple moving average is $13.32. The firm has a market capitalization of $479.38 million, a P/E ratio of -2.13 and a beta of 1.49.
A number of research firms have weighed in on SOHU. BidaskClub downgraded shares of Sohu.com from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 9th. ValuEngine upgraded shares of Sohu.com from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Zacks Investment Research upgraded shares of Sohu.com from a “sell” rating to a “hold” rating and set a $15.00 price target on the stock in a research note on Wednesday, June 12th.
Sohu.com Company Profile
Sohu.com Limited provides online media, search, and game services on personal computers (PCs) and mobile devices in the People's Republic of China. The company provides online news and information through a mobile phone application, Sohu News APP; sohu.com for PCs; and m.sohu.com mobile portal, as well as online video content and service through tv.sohu.com for PCs, as well as Sohu Video APP mobile phone application.
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