Yirendai (YRD) Scheduled to Post Quarterly Earnings on Monday

Yirendai (NYSE:YRD) will be announcing its earnings results after the market closes on Monday, November 12th.

Yirendai (NYSE:YRD) last released its earnings results on Tuesday, August 28th. The technology company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.05). Yirendai had a net margin of 19.76% and a return on equity of 50.11%. The firm had revenue of $229.60 million during the quarter, compared to analyst estimates of $231.19 million. During the same period in the previous year, the company earned $4.45 earnings per share.

Shares of NYSE YRD traded up $0.13 during mid-day trading on Wednesday, hitting $17.58. The stock had a trading volume of 80,244 shares, compared to its average volume of 307,560. Yirendai has a twelve month low of $12.39 and a twelve month high of $47.93. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 5.10 and a beta of 3.91.

Several equities research analysts have weighed in on YRD shares. TheStreet raised Yirendai from a “d” rating to a “c-” rating in a research report on Monday, August 20th. Zacks Investment Research raised Yirendai from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 25th. Citigroup downgraded Yirendai from a “buy” rating to a “neutral” rating in a research report on Monday, October 29th. Finally, Needham & Company LLC downgraded Yirendai from a “buy” rating to a “hold” rating in a research report on Wednesday, August 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. Yirendai presently has an average rating of “Hold” and a consensus price target of $47.00.

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Yirendai Company Profile

Yirendai Ltd. operates as an online consumer finance marketplace that connects borrowers and investors primarily in the People's Republic of China. It offers standard loan products; and fasttrack loan products through mobile applications. The company also provides investing tools. The company was founded in 2012 and is based in Beijing, the People's Republic of China.

Further Reading: Dollar Cost Averaging

Earnings History for Yirendai (NYSE:YRD)

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