Before the stock market opens on Wednesday, November 30th, KE (NYSE: BEKE) will disseminate the results of its most recent quarterly earnings report. According to analysts, the company is expected to earn $0.13 per share in revenue during the fourth quarter. Investors interested in taking part in the company’s conference call can follow the link provided in the previous sentence.
On Tuesday, August 23rd, KE (NYSE: BEKE) released its quarterly earnings. The earnings per share (EPS) recorded by the firm for the quarter came in at $0.23, which is $0.02 more than the average estimate of $0.25. KE had a return on equity that was negative by 7.67% and a net margin of 8.26%. The revenue for the quarter was $2.06 billion, far higher than the $1.78 billion that experts had anticipated. The consensus among market analysts is that KE will not generate any profits per share during the current fiscal year and will also not do so during the following fiscal year.
The price of KE stock was $14.07 when it first traded on Wednesday. The stock has a price-to-earnings ratio of -21.32, a beta of -2.10, and a market capitalization of $16.76 billion. The company’s moving average over the past 50 days is $14.12, and its moving average over the past 200 days is $14.83. KE has seen a price as low as $7.31 and as high as $24.85 over the past year.
The company’s stock has lately been bought and sold by significant investors. First Trust Advisors LP grew its holdings in KE by 29.5% during the year’s first three months. Following the acquisition of an additional 14,912 shares during the most recent fiscal quarter, First Trust Advisors LP now owns a total of 65,545 shares of the company’s stock, which has a value of $811,000. During the first three months of 2018, Neuberger Berman Group LLC added 3.4% more shares of KE to its holdings. After acquiring an additional 1,983 shares, Neuberger Berman Group LLC now owns 60,429 shares of the company’s stock. The value of these shares is about $760,000. During the third quarter of the fiscal year, Thrivent Financial for Lutherans spent approximately $592 000 to acquire a new investment in KE. During the first three months of the fiscal year, Ethic, Inc. purchased a new position in KE that was estimated to be worth roughly $367,500. Last but not least, during the third quarter, Balyasny Asset Management LLC added a new KE investment worth close to $320,000. The company’s stock is owned by hedge funds and other types of institutional investors to the extent of 35.00%.
BEKE has, in recent times, drawn the attention of several different brokerage houses. Citigroup increased its price objective on KE shares from $22.50 to $23.80 in a research report published on August 24th. Barclays increased their price target on KE from $26.00 to $27.00 and gave the stock an “overweight” rating in a research note published on Friday, October 28th. One analyst advises shareholders to keep their current position, while seven others advocate purchasing more shares. The average recommendation for KE on Bloomberg.com is a “Moderate Buy,” and the website’s price goal recommendation is $21.44 per share.
KE Holdings Inc. manages an integrated online and offline platform for real estate transactions and services in the People’s Republic of China through its subsidiaries. The company is divided into three business segments: existing home transaction services, new home transaction services, and emerging and other services.