Qutoutiao Inc – (NASDAQ:QTT) – Analysts at KeyCorp raised their Q2 2019 earnings per share (EPS) estimates for Qutoutiao in a research report issued to clients and investors on Tuesday, May 21st. KeyCorp analyst H. Chung now forecasts that the company will post earnings per share of ($0.26) for the quarter, up from their previous forecast of ($0.27). KeyCorp also issued estimates for Qutoutiao’s Q3 2019 earnings at ($0.24) EPS, Q4 2019 earnings at ($0.17) EPS, FY2019 earnings at ($1.07) EPS, Q1 2020 earnings at ($0.27) EPS, Q2 2020 earnings at ($0.16) EPS, Q3 2020 earnings at $0.00 EPS, Q4 2020 earnings at $0.15 EPS, FY2020 earnings at ($0.28) EPS and FY2021 earnings at $0.52 EPS.
Qutoutiao (NASDAQ:QTT) last released its quarterly earnings results on Tuesday, March 5th. The company reported ($0.23) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.21) by ($0.02). The firm had revenue of $191.87 million during the quarter, compared to the consensus estimate of $191.90 million.
A number of other equities research analysts have also recently weighed in on QTT. UBS Group cut Qutoutiao from a “buy” rating to a “neutral” rating and set a $14.00 price target on the stock. in a report on Friday, February 15th. Deutsche Bank cut Qutoutiao from a “buy” rating to a “hold” rating and set a $10.00 price target on the stock. in a report on Wednesday, February 20th. Zacks Investment Research raised Qutoutiao from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Wednesday, March 27th. Finally, Citigroup raised Qutoutiao from a “neutral” rating to a “buy” rating and cut their price target for the company from $16.00 to $14.00 in a report on Tuesday, April 16th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $12.80.
QTT opened at $4.78 on Friday. The company has a market cap of $1.35 billion and a PE ratio of -2.28. Qutoutiao has a twelve month low of $4.00 and a twelve month high of $20.39.
Large investors have recently made changes to their positions in the stock. National Asset Management Inc. purchased a new stake in Qutoutiao during the 4th quarter valued at approximately $66,000. BlackRock Inc. purchased a new stake in Qutoutiao during the 4th quarter valued at approximately $399,000. FMR LLC purchased a new stake in Qutoutiao during the 4th quarter valued at approximately $4,510,000. SG Americas Securities LLC purchased a new stake in Qutoutiao during the 1st quarter valued at approximately $236,000. Finally, Hsbc Holdings PLC purchased a new stake in Qutoutiao during the 1st quarter valued at approximately $181,000. 0.13% of the stock is currently owned by hedge funds and other institutional investors.
Qutoutiao Company Profile
Qutoutiao Inc operates mobile platforms for the distribution, consumption, and sharing of light entertainment content in the People's Republic of China. The company operates Qutoutiao, a mobile application that aggregates articles and short videos from professional media and freelancers and presents customized feeds to users; and Quduopai, a mobile application that allows users to create, upload, and view videos.
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