Hello Group (MOMO) to Release Quarterly Earnings on Tuesday

Hello Group (NASDAQ:MOMO) is scheduled to be announcing its earnings results before the market opens on Tuesday, May 28th. Analysts expect the company to announce earnings of $0.35 per share for the quarter. Hello Group has set its Q1 2024 guidance at EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

Hello Group (NASDAQ:MOMO) last posted its quarterly earnings results on Thursday, March 14th. The information services provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.02). Hello Group had a return on equity of 17.23% and a net margin of 16.27%. The business had revenue of $422.95 million during the quarter, compared to analysts’ expectations of $447.28 million. On average, analysts expect Hello Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Hello Group Stock Down 0.2 %

MOMO stock opened at $5.52 on Friday. Hello Group has a 1-year low of $5.30 and a 1-year high of $11.12. The business has a fifty day moving average price of $5.92 and a 200-day moving average price of $6.37. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.74 and a quick ratio of 3.74. The stock has a market capitalization of $799.85 million, a P/E ratio of 4.00, a P/E/G ratio of 1.09 and a beta of 0.67.

Hello Group Cuts Dividend

The firm also recently declared an annual dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 12th were paid a $0.52 dividend. This represents a dividend yield of 8.97%. The ex-dividend date of this dividend was Thursday, April 11th.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MOMO. Benchmark decreased their price target on Hello Group from $22.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, March 15th. Morgan Stanley cut Hello Group from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, May 15th. Finally, StockNews.com cut Hello Group from a “buy” rating to a “hold” rating in a research report on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $16.00.

Hello Group Company Profile

Hello Group Inc provides mobile-based social and entertainment services in the People's Republic of China. It operates in three segments: Momo, Tantan, and QOOL. The company offers Momo, a mobile application that connects people and facilitates social interactions based on location, interests, and various online recreational activities, including live talent shows, short videos, social games, as well as other video- and audio-based interactive experiences, such as online parties, mobile karaoke and user participated reality shows; Tantan, a social and dating application; and other applications under the Hertz, Soulchill, Duidui, and Tietie names.