Sohu.com (NASDAQ:SOHU) Announces Earnings Results

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.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Two Sigma Advisers LP boosted its position in shares of Sohu.com by 10.7% during the 4th quarter. Two Sigma Advisers LP now owns 142,900 shares of the information services provider’s stock valued at $2,489,000 after purchasing an additional 13,800 shares in the last quarter. Norges Bank acquired a new position in shares of Sohu.com in the fourth quarter worth about $9,830,000. Quantamental Technologies LLC acquired a new position in shares of Sohu.com in the first quarter worth about $97,000. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of Sohu.com by 148.9% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 6,206 shares of the information services provider’s stock worth $103,000 after buying an additional 3,713 shares during the period. Finally, Krane Funds Advisors LLC acquired a new position in shares of Sohu.com in the first quarter worth about $6,192,000. Hedge funds and other institutional investors own 54.69% of the company’s stock.

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.

Featured Article: Moving Average – How it Helps Investors in Stock Selection

Earnings History for Sohu.com (NASDAQ:SOHU)

Receive News & Ratings for Sohu.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sohu.com and related companies with MarketBeat.com's FREE daily email newsletter.