Wall Street brokerages expect Ninetowns Internet Technlgy Grp Co Ltd. (NASDAQ:NINE) to announce earnings per share of $0.50 for the current quarter, according to Zacks. Four analysts have made estimates for Ninetowns Internet Technlgy Grp’s earnings. The highest EPS estimate is $0.54 and the lowest is $0.48. Ninetowns Internet Technlgy Grp reported earnings per share of ($0.15) during the same quarter last year, which would suggest a positive year over year growth rate of 433.3%. The business is expected to issue its next quarterly earnings results after the market closes on Wednesday, March 6th.

On average, analysts expect that Ninetowns Internet Technlgy Grp will report full-year earnings of $1.66 per share for the current financial year, with EPS estimates ranging from $1.63 to $1.69. For the next year, analysts expect that the business will report earnings of $1.47 per share, with EPS estimates ranging from $0.83 to $1.92. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Ninetowns Internet Technlgy Grp.

A number of research analysts recently issued reports on the stock. Bank of America lowered their price target on shares of Ninetowns Internet Technlgy Grp from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Wednesday, November 14th. Raymond James set a $46.00 price target on shares of Ninetowns Internet Technlgy Grp and gave the company a “buy” rating in a research report on Wednesday, November 14th. JPMorgan Chase & Co. lowered their price target on shares of Ninetowns Internet Technlgy Grp from $45.00 to $44.00 and set an “overweight” rating for the company in a research report on Wednesday, November 14th. Citigroup assumed coverage on shares of Ninetowns Internet Technlgy Grp in a research note on Monday, November 19th. They set a “buy” rating and a $40.00 price objective for the company. Finally, Tudor Pickering upgraded shares of Ninetowns Internet Technlgy Grp from a “hold” rating to a “buy” rating and set a $24.79 price objective for the company in a research note on Tuesday, February 5th. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. Ninetowns Internet Technlgy Grp currently has a consensus rating of “Buy” and a consensus price target of $38.42.

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A number of large investors have recently added to or reduced their stakes in the business. Pearl River Capital LLC bought a new stake in shares of Ninetowns Internet Technlgy Grp in the fourth quarter worth approximately $25,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Ninetowns Internet Technlgy Grp by 107.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,417 shares of the company’s stock worth $32,000 after acquiring an additional 734 shares during the period. Great West Life Assurance Co. Can bought a new stake in shares of Ninetowns Internet Technlgy Grp in the fourth quarter worth approximately $39,000. Legal & General Group Plc grew its stake in shares of Ninetowns Internet Technlgy Grp by 94.8% in the third quarter. Legal & General Group Plc now owns 2,221 shares of the company’s stock worth $68,000 after acquiring an additional 1,081 shares during the period. Finally, Metropolitan Life Insurance Co. NY grew its stake in shares of Ninetowns Internet Technlgy Grp by 356.4% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,217 shares of the company’s stock worth $118,000 after acquiring an additional 4,074 shares during the period.

Shares of NASDAQ NINE opened at $26.32 on Thursday. Ninetowns Internet Technlgy Grp has a 1 year low of $20.18 and a 1 year high of $40.39.

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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