Wall Street brokerages expect that YY Inc (NASDAQ:YY) will report earnings per share of $2.00 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for YY’s earnings. The highest EPS estimate is $2.10 and the lowest is $1.88. YY reported earnings of $2.27 per share in the same quarter last year, which would indicate a negative year over year growth rate of 11.9%. The firm is scheduled to announce its next earnings report on Monday, March 4th.
According to Zacks, analysts expect that YY will report full-year earnings of $7.41 per share for the current fiscal year, with EPS estimates ranging from $7.26 to $7.62. For the next year, analysts anticipate that the firm will post earnings of $8.47 per share, with EPS estimates ranging from $7.61 to $9.10. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that cover YY.
YY (NASDAQ:YY) last posted its quarterly earnings data on Monday, November 12th. The information services provider reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.03. The firm had revenue of $597.00 million during the quarter, compared to analysts’ expectations of $577.38 million. YY had a return on equity of 19.64% and a net margin of 14.07%. During the same quarter last year, the business posted $1.59 EPS.
A number of analysts have issued reports on YY shares. Benchmark decreased their price target on YY to $106.00 and set a “buy” rating on the stock in a research note on Tuesday, November 13th. Goldman Sachs Group raised YY from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $117.00 to $108.00 in a research note on Thursday. BidaskClub lowered YY from a “hold” rating to a “sell” rating in a research note on Tuesday, November 13th. Zacks Investment Research raised YY from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research note on Friday, October 19th. Finally, CLSA set a $125.00 price target on YY and gave the stock a “buy” rating in a research note on Tuesday, September 25th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $119.99.
YY stock opened at $62.66 on Monday. The stock has a market cap of $4.09 billion, a P/E ratio of 9.73, a P/E/G ratio of 0.43 and a beta of 0.89. YY has a 52 week low of $56.65 and a 52 week high of $142.97.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in YY. Nomura Holdings Inc. raised its holdings in shares of YY by 10.2% during the 2nd quarter. Nomura Holdings Inc. now owns 9,643 shares of the information services provider’s stock valued at $969,000 after buying an additional 895 shares during the period. Aperio Group LLC raised its holdings in shares of YY by 2.1% during the 2nd quarter. Aperio Group LLC now owns 45,071 shares of the information services provider’s stock valued at $4,528,000 after buying an additional 925 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of YY by 4.7% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 22,400 shares of the information services provider’s stock valued at $1,678,000 after buying an additional 1,000 shares during the period. WCM Investment Management CA raised its holdings in shares of YY by 4.0% during the 3rd quarter. WCM Investment Management CA now owns 26,018 shares of the information services provider’s stock valued at $1,949,000 after buying an additional 1,010 shares during the period. Finally, IFP Advisors Inc raised its holdings in shares of YY by 7.7% during the 3rd quarter. IFP Advisors Inc now owns 14,832 shares of the information services provider’s stock valued at $1,111,000 after buying an additional 1,059 shares during the period. 57.45% of the stock is currently owned by institutional investors and hedge funds.
YY Inc, through its subsidiaries, engages in the live streaming business in the People's Republic of China. The company operates YY Live platform, an online music and entertainment live streaming service; and Huya platform, a live streaming platform, including online games, console games, mobile games, entertainments, sports, etc.
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