Sohu.com Inc. (NASDAQ:SOHU) updated its third quarter earnings guidance on Monday. The company provided EPS guidance of ($1.25)-($1.00) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.82). The company issued revenue guidance of $480-510 million, compared to the consensus revenue estimate of $502.20 million.
A number of analysts recently issued reports on the stock. HSBC Holdings plc downgraded shares of Sohu.com from a buy rating to a hold rating and increased their price target for the stock from $48.00 to $57.00 in a report on Tuesday, May 23rd. BidaskClub downgraded shares of Sohu.com from a buy rating to a hold rating in a report on Tuesday, July 25th. Zacks Investment Research downgraded shares of Sohu.com from a hold rating to a sell rating in a report on Wednesday, June 28th. ValuEngine raised shares of Sohu.com from a strong sell rating to a sell rating in a report on Friday, June 2nd. Finally, Benchmark Co. started coverage on shares of Sohu.com in a report on Tuesday, April 18th. They set a hold rating on the stock. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $50.10.
Sohu.com Inc. (SOHU) opened at 50.85 on Monday. The stock’s market capitalization is $1.98 billion. Sohu.com Inc. has a 12-month low of $32.60 and a 12-month high of $51.50. The firm’s 50-day moving average is $46.32 and its 200 day moving average is $42.34.
Sohu.com (NASDAQ:SOHU) last posted its quarterly earnings results on Monday, July 31st. The information services provider reported ($1.85) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.73) by $0.12. Sohu.com had a negative return on equity of 17.02% and a negative net margin of 16.83%. The company had revenue of $461.20 million for the quarter, compared to analyst estimates of $456.10 million. During the same period last year, the company earned ($1.61) earnings per share. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. Equities analysts expect that Sohu.com Inc. will post ($5.72) EPS for the current year.
In related news, CEO Charles Zhang purchased 25,000 shares of the stock in a transaction dated Friday, May 12th. The shares were acquired at an average cost of $40.06 per share, with a total value of $1,001,500.00. Following the purchase, the chief executive officer now directly owns 68,700 shares in the company, valued at approximately $2,752,122. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 21.01% of the company’s stock.
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About Sohu.com
Sohu.com Inc (Sohu) is an online media, search and game service company, which is engaged in providing online products and services on personal computers (PCs) and mobile devices in the People’s Republic of China (the PRC). The Company operates through three segments: the Sohu segment; the Sogou segment, and the Changyou segment.
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