$0.57 Earnings Per Share Expected for Ninetowns Internet Technlgy Grp Co Ltd. (NINE) This Quarter

Equities research analysts forecast that Ninetowns Internet Technlgy Grp Co Ltd. (NASDAQ:NINE) will post earnings of $0.57 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Ninetowns Internet Technlgy Grp’s earnings, with estimates ranging from $0.54 to $0.60. The company is scheduled to issue its next earnings report before the market opens on Tuesday, November 13th.

According to Zacks, analysts expect that Ninetowns Internet Technlgy Grp will report full year earnings of $1.59 per share for the current year, with EPS estimates ranging from $1.57 to $1.61. For the next financial year, analysts expect that the firm will report earnings of $3.08 per share, with EPS estimates ranging from $2.36 to $3.55. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Ninetowns Internet Technlgy Grp.

Ninetowns Internet Technlgy Grp (NASDAQ:NINE) last posted its quarterly earnings data on Monday, August 13th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.17. The company had revenue of $205.49 million for the quarter, compared to the consensus estimate of $190.71 million.

A number of analysts have recently issued reports on the stock. Bank of America started coverage on shares of Ninetowns Internet Technlgy Grp in a report on Wednesday, October 17th. They set a “buy” rating for the company. Raymond James boosted their price target on shares of Ninetowns Internet Technlgy Grp from $39.00 to $48.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, October 16th. Wells Fargo & Co reissued a “positive” rating and issued a $45.00 price target on shares of Ninetowns Internet Technlgy Grp in a research note on Tuesday, October 16th. Zacks Investment Research downgraded shares of Ninetowns Internet Technlgy Grp from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 16th. Finally, Piper Jaffray Companies set a $40.00 price target on shares of Ninetowns Internet Technlgy Grp and gave the stock a “buy” rating in a research note on Friday, August 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $34.86.

NASDAQ NINE opened at $35.77 on Monday. Ninetowns Internet Technlgy Grp has a 52-week low of $22.23 and a 52-week high of $40.39.

In other Ninetowns Internet Technlgy Grp news, insider Edward Bruce Morgan sold 20,500 shares of the business’s stock in a transaction on Monday, August 20th. The shares were sold at an average price of $30.14, for a total value of $617,870.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Large investors have recently modified their holdings of the company. GSA Capital Partners LLP bought a new position in shares of Ninetowns Internet Technlgy Grp during the second quarter valued at about $862,000. Citadel Advisors LLC raised its stake in shares of Ninetowns Internet Technlgy Grp by 11.8% during the second quarter. Citadel Advisors LLC now owns 46,763 shares of the company’s stock valued at $1,549,000 after acquiring an additional 4,930 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Ninetowns Internet Technlgy Grp by 24.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 37,752 shares of the company’s stock valued at $1,251,000 after acquiring an additional 7,416 shares during the last quarter. Legal & General Group Plc bought a new position in shares of Ninetowns Internet Technlgy Grp during the first quarter valued at about $644,000. Finally, Wells Fargo & Company MN bought a new position in shares of Ninetowns Internet Technlgy Grp during the first quarter valued at about $277,000.

Ninetowns Internet Technlgy Grp Company Profile

Ninetowns Internet Technology Group Company Limited is a software company that enables enterprises and trade-related People’s Republic of China Government agencies to streamline the import/export process in China. It operates in four segments: enterprise software and related maintenance services , software development services segment, B2C e-commerce and, and real estate development.

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Earnings History and Estimates for Ninetowns Internet Technlgy Grp (NASDAQ:NINE)

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