iQIYI (NASDAQ:IQ) Posts Earnings Results, Beats Estimates By $0.01 EPS

iQIYI (NASDAQ:IQ) announced its quarterly earnings results on Tuesday. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01, Zacks reports. iQIYI had a net margin of 4.69% and a return on equity of 13.26%.

iQIYI Stock Performance

Shares of IQ stock opened at $2.54 on Tuesday. The company has a market capitalization of $2.44 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 3.76 and a beta of 0.03. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.45 and a current ratio of 0.45. The company has a 50-day simple moving average of $2.13 and a 200 day simple moving average of $2.36. iQIYI has a 52 week low of $1.82 and a 52 week high of $5.80.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on IQ. Hsbc Global Res upgraded shares of iQIYI from a “moderate sell” rating to a “hold” rating in a report on Thursday, January 16th. HSBC upgraded shares of iQIYI from a “reduce” rating to a “hold” rating and set a $2.15 price objective on the stock in a report on Thursday, January 16th. JPMorgan Chase & Co. lowered their price target on shares of iQIYI from $2.50 to $1.80 and set a “neutral” rating on the stock in a research note on Friday, November 22nd. OTR Global reiterated a “negative” rating on shares of iQIYI in a research note on Wednesday, January 8th. Finally, Citigroup lowered their price target on shares of iQIYI from $3.00 to $2.80 and set a “buy” rating on the stock in a research note on Thursday, January 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $2.91.

About iQIYI

iQIYI, Inc, together with its subsidiaries, provides online entertainment video services in the People's Republic of China. It offers various products and services, including online video, online games, online literature, animations, and other products. The company operates a platform that provides a collection of internet video content, such as professionally produced content licensed from professional content providers and self-produced content.