Coupang (CPNG) Scheduled to Post Earnings on Tuesday

Coupang (NYSE:CPNG) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.05 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Coupang (NYSE:CPNG) last posted its earnings results on Tuesday, February 27th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. Coupang had a net margin of 5.57% and a return on equity of 15.04%. The company had revenue of $6.56 billion during the quarter, compared to analysts’ expectations of $6.40 billion. During the same quarter last year, the company posted $0.06 EPS. Coupang’s quarterly revenue was up 23.2% compared to the same quarter last year. On average, analysts expect Coupang to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Coupang Stock Up 2.2 %

Shares of CPNG opened at $23.00 on Friday. The firm’s 50-day simple moving average is $19.65 and its 200 day simple moving average is $17.17. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.90 and a current ratio of 1.14. The firm has a market cap of $41.25 billion, a P/E ratio of 30.67 and a beta of 1.13. Coupang has a 52 week low of $13.51 and a 52 week high of $23.40.

Insider Buying and Selling

In related news, major shareholder Svf Investments (Uk) Ltd sold 31,614,154 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $19.01, for a total transaction of $600,985,067.54. Following the completion of the sale, the insider now owns 364,542,259 shares of the company’s stock, valued at $6,929,948,343.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Coupang news, major shareholder Svf Investments (Uk) Ltd sold 31,614,154 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $19.01, for a total value of $600,985,067.54. Following the sale, the insider now owns 364,542,259 shares of the company’s stock, valued at approximately $6,929,948,343.59. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Pranam Kolari sold 2,048 shares of Coupang stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $22.34, for a total value of $45,752.32. Following the completion of the transaction, the insider now owns 187,951 shares in the company, valued at approximately $4,198,825.34. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,355,282 shares of company stock worth $633,457,030. Company insiders own 14.90% of the company’s stock.

Analyst Upgrades and Downgrades

CPNG has been the topic of a number of recent research reports. Citigroup upgraded Coupang from a “neutral” rating to a “buy” rating and increased their target price for the stock from $19.00 to $26.00 in a research note on Monday, April 15th. Bank of America began coverage on Coupang in a research report on Friday. They set a “buy” rating and a $30.00 price objective on the stock. Deutsche Bank Aktiengesellschaft raised shares of Coupang from a “hold” rating to a “buy” rating and boosted their target price for the company from $18.50 to $21.00 in a research report on Thursday, February 29th. Barclays raised their price target on shares of Coupang from $24.00 to $25.00 and gave the stock an “overweight” rating in a research report on Thursday, February 29th. Finally, TheStreet raised shares of Coupang from a “d+” rating to a “c-” rating in a report on Tuesday, March 5th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $23.75.

Coupang Company Profile

Coupang, Inc, together with its subsidiaries owns and operates retail business through its mobile applications and Internet websites primarily in South Korea. The company operates through Product Commerce and Developing Offerings segments. It sells various products and services in the categories of home goods and décor products, apparel, beauty products, fresh food and groceries, sporting goods, electronics, and everyday consumables, as well as travel, and restaurant order and delivery services.