Analysts Expect Ninetowns Internet Technlgy Grp Co Ltd. (NINE) to Announce $0.14 Earnings Per Share

Equities analysts expect that Ninetowns Internet Technlgy Grp Co Ltd. (NASDAQ:NINE) will post earnings per share (EPS) of $0.14 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Ninetowns Internet Technlgy Grp’s earnings, with the lowest EPS estimate coming in at $0.07 and the highest estimate coming in at $0.18. The company is scheduled to issue its next earnings results on Wednesday, June 27th.

On average, analysts expect that Ninetowns Internet Technlgy Grp will report full year earnings of $1.62 per share for the current year, with EPS estimates ranging from $1.11 to $1.85. For the next year, analysts expect that the firm will report earnings of $3.51 per share, with EPS estimates ranging from $3.24 to $4.00. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Ninetowns Internet Technlgy Grp.

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Several equities research analysts have weighed in on NINE shares. Scotiabank restated a “sector perform” rating and issued a $29.00 price objective on shares of Ninetowns Internet Technlgy Grp in a research report on Tuesday, February 13th. Scotia Howard Weill assumed coverage on shares of Ninetowns Internet Technlgy Grp in a research report on Tuesday, February 13th. They issued a “sector perform” rating and a $29.00 price objective for the company. Howard Weil assumed coverage on shares of Ninetowns Internet Technlgy Grp in a research note on Tuesday, February 13th. They issued a “sector perform” rating and a $29.00 target price on the stock. Wells Fargo assumed 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 target price on the stock. Finally, Credit Suisse Group assumed 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 target price on the stock. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $30.61.

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

In other Ninetowns Internet Technlgy Grp news, Director Gary L. Thomas bought 20,000 shares of Ninetowns Internet Technlgy Grp stock in a transaction dated Tuesday, January 23rd. The shares were bought at an average price of $23.00 per share, with a total value of $460,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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Ninetowns Internet Technlgy Grp Company Profile

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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