HUYA (NYSE:HUYA) Announces Earnings Results, Beats Expectations By $1.01 EPS

HUYA (NYSE:HUYA) posted its quarterly earnings results on Wednesday. The company reported $1.12 EPS for the quarter, topping the consensus estimate of $0.11 by $1.01, reports. The firm had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.39 billion. HUYA had a net margin of 6.29% and a return on equity of 6.80%. The business’s revenue was up 47.8% compared to the same quarter last year. During the same period last year, the firm posted $0.59 earnings per share. HUYA updated its Q2 2020
After-Hours guidance to EPS.

Shares of NYSE HUYA opened at $15.54 on Friday. The company has a quick ratio of 4.33, a current ratio of 4.33 and a debt-to-equity ratio of 0.01. HUYA has a 52 week low of $11.78 and a 52 week high of $28.20. The firm’s fifty day moving average is $16.13 and its 200 day moving average is $18.54. The company has a market cap of $3.73 billion, a price-to-earnings ratio of 48.83 and a beta of 0.87.

HUYA has been the topic of several research reports. ValuEngine downgraded shares of HUYA from a “buy” rating to a “hold” rating in a research note on Tuesday, April 14th. UBS Group decreased their price target on shares of HUYA from $33.00 to $25.00 and set a “buy” rating on the stock in a research note on Wednesday, March 18th. Goldman Sachs Group raised shares of HUYA from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $22.00 to $21.00 in a research note on Thursday, March 26th. Credit Suisse Group downgraded shares of HUYA from an “outperform” rating to a “neutral” rating and set a $20.00 price target on the stock. in a research note on Thursday. Finally, China Renaissance Securities raised shares of HUYA from a “hold” rating to a “buy” rating in a research note on Friday, March 20th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $23.70.

About HUYA

HUYA Inc, through its subsidiaries, operates game live streaming platforms in the People's Republic of China. Its platforms enable broadcasters and viewers to interact during live streaming. The company also provides advertising and online game-related services. As of December 31, 2017, its live streaming content covered approximately 2,600 games, including mobile, PC, and console games.

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Earnings History for HUYA (NYSE:HUYA)

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