Analysts Anticipate YY Inc (YY) Will Post Earnings of $1.73 Per Share

Equities research analysts expect YY Inc (NASDAQ:YY) to post earnings per share of $1.73 for the current quarter, according to Zacks. Two analysts have made estimates for YY’s earnings, with the lowest EPS estimate coming in at $1.70 and the highest estimate coming in at $1.75. YY reported earnings per share of $1.59 in the same quarter last year, which indicates a positive year over year growth rate of 8.8%. The company is expected to issue its next quarterly earnings results after the market closes on Monday, November 12th.

On average, analysts expect that YY will report full year earnings of $7.42 per share for the current fiscal year, with EPS estimates ranging from $7.26 to $7.64. For the next financial year, analysts anticipate that the business will report earnings of $8.69 per share, with EPS estimates ranging from $8.27 to $9.10. Zacks’ EPS averages are an average based on a survey of research analysts that cover YY.

YY (NASDAQ:YY) last announced its earnings results on Monday, August 13th. The information services provider reported $2.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.81 by $0.22. YY had a net margin of 14.99% and a return on equity of 22.08%. The business had revenue of $570.20 million for the quarter, compared to analyst estimates of $544.76 million. During the same quarter last year, the business earned $1.53 earnings per share. The company’s revenue for the quarter was up 48.1% compared to the same quarter last year.

Several research firms have recently weighed in on YY. BidaskClub downgraded shares of YY from a “hold” rating to a “sell” rating in a research note on Friday, July 13th. Benchmark reissued a “buy” rating and issued a $140.00 price target (down from $168.00) on shares of YY in a research note on Tuesday, August 14th. ValuEngine downgraded shares of YY from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 14th. Jefferies Financial Group reissued a “buy” rating and issued a $110.00 price target on shares of YY in a research note on Wednesday, August 15th. Finally, CLSA set a $125.00 price target on shares of YY and gave the stock a “buy” rating in a research note on Tuesday, September 25th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. YY currently has a consensus rating of “Buy” and an average price target of $133.29.

Shares of NASDAQ YY traded down $2.86 during trading on Friday, hitting $64.73. The company had a trading volume of 931,825 shares, compared to its average volume of 1,298,155. YY has a fifty-two week low of $56.65 and a fifty-two week high of $142.97. The firm has a market cap of $4.44 billion, a price-to-earnings ratio of 10.19, a price-to-earnings-growth ratio of 0.44 and a beta of 0.88.

Hedge funds have recently modified their holdings of the business. First Hawaiian Bank purchased a new position in YY during the third quarter worth about $151,000. Cascade Investment Advisors Inc. purchased a new position in YY during the second quarter worth about $166,000. Crossmark Global Holdings Inc. purchased a new position in YY during the second quarter worth about $212,000. Stevens Capital Management LP purchased a new position in YY during the second quarter worth about $212,000. Finally, Comerica Bank raised its stake in YY by 42.8% during the third quarter. Comerica Bank now owns 3,599 shares of the information services provider’s stock worth $218,000 after purchasing an additional 1,079 shares during the period. 60.65% of the stock is currently owned by institutional investors.

About YY

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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