Zacks: Analysts Expect Ninetowns Internet Technlgy Grp Co Ltd. (NINE) Will Post Earnings of $0.25 Per Share

Equities analysts expect Ninetowns Internet Technlgy Grp Co Ltd. (NASDAQ:NINE) to post earnings per share of $0.25 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Ninetowns Internet Technlgy Grp’s earnings. The highest EPS estimate is $0.31 and the lowest is $0.17. Ninetowns Internet Technlgy Grp reported earnings per share of $0.18 in the same quarter last year, which would suggest a positive year-over-year growth rate of 38.9%. The company is expected to announce its next earnings results on Monday, May 13th.

On average, analysts expect that Ninetowns Internet Technlgy Grp will report full-year earnings of $1.43 per share for the current year, with EPS estimates ranging from $1.05 to $1.92. For the next year, analysts forecast that the company will report earnings of $3.07 per share, with EPS estimates ranging from $2.87 to $3.25. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that follow Ninetowns Internet Technlgy Grp.

Ninetowns Internet Technlgy Grp (NASDAQ:NINE) last issued its earnings results on Wednesday, March 6th. The company reported $0.49 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.01). The company had revenue of $229.45 million during the quarter, compared to analysts’ expectations of $231.71 million.



A number of research analysts recently weighed in on the company. Zacks Investment Research cut Ninetowns Internet Technlgy Grp from a “hold” rating to a “strong sell” rating in a report on Saturday, January 12th. Goldman Sachs Group assumed coverage on Ninetowns Internet Technlgy Grp in a report on Sunday, March 10th. They issued a “buy” rating and a $33.00 target price on the stock. Tudor Pickering upgraded Ninetowns Internet Technlgy Grp from a “hold” rating to a “buy” rating and set a $24.79 target price on the stock in a report on Tuesday, February 5th. Bank of America reduced their target price on Ninetowns Internet Technlgy Grp from $47.00 to $34.00 and set a “buy” rating on the stock in a report on Monday, December 3rd. Finally, Raymond James lifted their target price on Ninetowns Internet Technlgy Grp from $31.00 to $32.00 and gave the company a “strong-buy” rating in a report on Friday, March 8th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Ninetowns Internet Technlgy Grp presently has a consensus rating of “Buy” and an average price target of $36.48.

In other Ninetowns Internet Technlgy Grp news, insider David Crombie sold 60,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $22.40, for a total value of $1,344,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

A number of large investors have recently added to or reduced their stakes in the business. Legal & General Group Plc raised its position in Ninetowns Internet Technlgy Grp by 18.8% in the fourth quarter. Legal & General Group Plc now owns 2,639 shares of the company’s stock valued at $59,000 after purchasing an additional 418 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Ninetowns Internet Technlgy Grp by 107.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,417 shares of the company’s stock valued at $32,000 after purchasing an additional 734 shares during the period. Pearl River Capital LLC purchased a new position in Ninetowns Internet Technlgy Grp in the fourth quarter valued at about $25,000. FMR LLC raised its position in Ninetowns Internet Technlgy Grp by 0.3% in the fourth quarter. FMR LLC now owns 326,998 shares of the company’s stock valued at $7,371,000 after purchasing an additional 1,100 shares during the period. Finally, Barclays PLC raised its position in Ninetowns Internet Technlgy Grp by 16.1% in the fourth quarter. Barclays PLC now owns 12,232 shares of the company’s stock valued at $276,000 after purchasing an additional 1,699 shares during the period.

Ninetowns Internet Technlgy Grp stock traded down $1.09 during midday trading on Friday, reaching $22.66. The stock had a trading volume of 252,194 shares, compared to its average volume of 119,877. Ninetowns Internet Technlgy Grp has a twelve month low of $20.18 and a twelve month high of $40.39.

About Ninetowns Internet Technlgy Grp

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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