51job, Inc. (NASDAQ:JOBS) Expected to Post Earnings of $0.53 Per Share

Brokerages predict that 51job, Inc. (NASDAQ:JOBS) will announce earnings per share of $0.53 for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for 51job’s earnings. 51job posted earnings per share of $0.63 during the same quarter last year, which suggests a negative year over year growth rate of 15.9%. The business is scheduled to report its next earnings results on Thursday, November 12th.

According to Zacks, analysts expect that 51job will report full-year earnings of $2.57 per share for the current fiscal year, with EPS estimates ranging from $2.38 to $2.76. For the next year, analysts forecast that the business will report earnings of $3.19 per share, with EPS estimates ranging from $3.18 to $3.20. Zacks’ EPS averages are a mean average based on a survey of research analysts that follow 51job.

51job (NASDAQ:JOBS) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.79 earnings per share for the quarter. 51job had a net margin of 30.14% and a return on equity of 9.95%. The firm had revenue of $117.29 million during the quarter.

Several equities research analysts have weighed in on the stock. TheStreet downgraded shares of 51job from a “b-” rating to a “c” rating in a research note on Thursday, August 20th. Zacks Investment Research raised shares of 51job from a “strong sell” rating to a “hold” rating in a research report on Wednesday. Finally, BidaskClub downgraded shares of 51job from a “hold” rating to a “sell” rating in a research report on Tuesday, October 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. 51job has an average rating of “Hold” and an average price target of $71.75.

Several large investors have recently bought and sold shares of JOBS. Royal Bank of Canada boosted its holdings in 51job by 4,541.7% during the first quarter. Royal Bank of Canada now owns 1,114 shares of the company’s stock worth $68,000 after purchasing an additional 1,090 shares during the last quarter. Advisor Group Holdings Inc. purchased a new position in 51job during the first quarter worth about $82,000. Skandinaviska Enskilda Banken AB publ purchased a new position in 51job during the second quarter worth about $86,000. Balyasny Asset Management LLC purchased a new position in 51job during the second quarter worth about $205,000. Finally, US Bancorp DE boosted its holdings in 51job by 21.1% during the first quarter. US Bancorp DE now owns 3,363 shares of the company’s stock worth $207,000 after purchasing an additional 585 shares during the last quarter. 43.16% of the stock is owned by institutional investors.

JOBS traded down $0.56 during midday trading on Friday, hitting $75.10. The company had a trading volume of 156,190 shares, compared to its average volume of 181,312. 51job has a 52 week low of $53.94 and a 52 week high of $92.61. The company has a market capitalization of $5.02 billion, a price-to-earnings ratio of 31.69 and a beta of 0.96. The stock’s 50 day moving average price is $72.88 and its 200 day moving average price is $67.99.

About 51job

51job, Inc, through its subsidiaries, provides integrated human resource services in the People's Republic of China. The company offers online recruitment services through its Websites comprising 51job.com, yingjiesheng.com, 51jingying.com, and lagou.com; and mobile applications that enable job seekers to access their accounts through mobile devices and utilize functions available on their Websites.

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