$162.01 Million in Sales Expected for Ninetowns Internet Technlgy Grp Co Ltd. (NINE) This Quarter

Equities research analysts expect that Ninetowns Internet Technlgy Grp Co Ltd. (NASDAQ:NINE) will announce $162.01 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Ninetowns Internet Technlgy Grp’s earnings, with the lowest sales estimate coming in at $157.00 million and the highest estimate coming in at $167.02 million. The firm is expected to announce its next earnings results on Wednesday, June 27th.

According to Zacks, analysts expect that Ninetowns Internet Technlgy Grp will report full-year sales of $162.01 million for the current financial year, with estimates ranging from $721.00 million to $728.98 million. For the next fiscal year, analysts anticipate that the firm will report sales of $886.41 million per share, with estimates ranging from $871.00 million to $901.81 million. Zacks’ sales averages are an average based on a survey of research firms that cover Ninetowns Internet Technlgy Grp.

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NINE has been the topic of several recent research reports. Bank of America initiated coverage on shares of Ninetowns Internet Technlgy Grp in a research note on Tuesday, February 13th. They issued a “buy” rating and a $35.00 price target on the stock. Goldman Sachs initiated coverage on shares of Ninetowns Internet Technlgy Grp in a research note on Tuesday, February 13th. They issued a “buy” rating and a $23.50 price target on the stock. Wells Fargo initiated coverage on shares of Ninetowns Internet Technlgy Grp in a research note on Tuesday, February 13th. They issued an “outperform” rating and a $33.00 price target on the stock. Credit Suisse Group initiated coverage on shares of Ninetowns Internet Technlgy Grp in a research note on Tuesday, February 13th. They issued an “outperform” rating and a $29.00 price target on the stock. Finally, JPMorgan Chase initiated coverage on shares of Ninetowns Internet Technlgy Grp in a research note on Tuesday, February 13th. They issued an “overweight” rating and a $33.00 price target on the stock. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $30.61.

Shares of NINE stock opened at $26.28 on Friday. Ninetowns Internet Technlgy Grp has a 1 year low of $22.23 and a 1 year high of $29.00.

In other news, Director Gary L. Thomas acquired 20,000 shares of the stock in a transaction dated Tuesday, January 23rd. The shares were bought at an average cost of $23.00 per share, for a total transaction of $460,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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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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