$0.48 EPS Expected for Yirendai Ltd – (NYSE:YRD) This Quarter

Analysts expect Yirendai Ltd – (NYSE:YRD) to report earnings of $0.48 per share for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Yirendai’s earnings. Yirendai posted earnings per share of $0.35 during the same quarter last year, which indicates a positive year over year growth rate of 37.1%. The company is expected to announce its next earnings report on Monday, November 11th.

On average, analysts expect that Yirendai will report full year earnings of $2.04 per share for the current year. For the next financial year, analysts expect that the firm will report earnings of $2.54 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Yirendai.

Yirendai (NYSE:YRD) last announced its quarterly earnings results on Tuesday, September 3rd. The technology company reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.24). The company had revenue of $322.89 million for the quarter. Yirendai had a return on equity of 32.93% and a net margin of 15.30%.

A number of research firms recently commented on YRD. Credit Suisse Group reiterated a “neutral” rating and issued a $6.92 target price on shares of Yirendai in a research report on Wednesday, October 9th. Macquarie lowered Yirendai from a “neutral” rating to an “underperform” rating and set a $6.00 price objective for the company. in a report on Wednesday, September 4th. ValuEngine upgraded Yirendai from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Zacks Investment Research lowered Yirendai from a “buy” rating to a “hold” rating in a report on Sunday, September 8th. Finally, Citigroup lowered Yirendai from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $13.90 to $6.10 in a report on Thursday, October 3rd. Three investment analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. The stock currently has a consensus rating of “Sell” and a consensus price target of $8.51.

A number of institutional investors and hedge funds have recently made changes to their positions in YRD. BB&T Securities LLC grew its holdings in Yirendai by 5.4% during the 2nd quarter. BB&T Securities LLC now owns 23,984 shares of the technology company’s stock valued at $330,000 after purchasing an additional 1,233 shares in the last quarter. Aperio Group LLC bought a new stake in shares of Yirendai during the second quarter valued at approximately $158,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Yirendai during the second quarter valued at approximately $143,000. Granite Point Capital Management L.P. increased its holdings in shares of Yirendai by 241.4% during the second quarter. Granite Point Capital Management L.P. now owns 191,278 shares of the technology company’s stock valued at $2,632,000 after acquiring an additional 135,243 shares in the last quarter. Finally, Davis Selected Advisers grew its holdings in Yirendai by 0.5% during the second quarter. Davis Selected Advisers now owns 2,692,098 shares of the technology company’s stock worth $37,043,000 after buying an additional 12,859 shares in the last quarter. 10.62% of the stock is currently owned by institutional investors.

Shares of YRD traded down $0.49 during trading hours on Wednesday, hitting $6.85. The stock had a trading volume of 3,143 shares, compared to its average volume of 162,050. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.84 and a quick ratio of 3.84. Yirendai has a 12 month low of $6.04 and a 12 month high of $18.61. The firm has a market capitalization of $440.15 million, a PE ratio of 1.53 and a beta of 2.69. The stock has a fifty day moving average price of $8.03 and a 200 day moving average price of $12.18.

About Yirendai

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.

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