YY Inc (YY) Expected to Post Earnings of $2.00 Per Share

Wall Street analysts forecast that YY Inc (NASDAQ:YY) will announce earnings per share of $2.00 for the current quarter, Zacks reports. Two analysts have made estimates for YY’s earnings, with the highest EPS estimate coming in at $2.10 and the lowest estimate coming in at $1.88. YY reported earnings of $2.27 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 11.9%. The firm is scheduled to issue its next earnings results on Monday, March 4th.

On average, analysts expect that YY will report full-year earnings of $7.41 per share for the current financial year, with EPS estimates ranging from $7.26 to $7.62. For the next fiscal year, analysts forecast that the firm will report earnings of $8.47 per share, with EPS estimates ranging from $7.61 to $9.10. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover YY.

YY (NASDAQ:YY) last posted its earnings results on Monday, November 12th. The information services provider reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.03. The firm had revenue of $597.00 million during the quarter, compared to the consensus estimate of $577.38 million. YY had a return on equity of 19.64% and a net margin of 14.07%. During the same period in the prior year, the company earned $1.59 EPS.

A number of analysts recently issued reports on YY shares. BidaskClub downgraded YY from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 8th. Benchmark restated a “buy” rating and issued a $140.00 price target (down from $168.00) on shares of YY in a research report on Tuesday, August 14th. ValuEngine downgraded YY from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 14th. Jefferies Financial Group restated a “buy” rating and issued a $110.00 price target on shares of YY in a research report on Wednesday, August 15th. Finally, CLSA set a $125.00 price target on YY and gave the stock a “buy” rating in a research report on Tuesday, September 25th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $121.19.

A number of institutional investors and hedge funds have recently modified their holdings of YY. FMR LLC increased its stake in YY by 93.2% in the third quarter. FMR LLC now owns 1,707,427 shares of the information services provider’s stock worth $127,920,000 after purchasing an additional 823,496 shares during the period. Platinum Investment Management Ltd. purchased a new stake in YY in the second quarter worth $53,436,000. Sylebra HK Co Ltd purchased a new stake in YY in the second quarter worth $42,238,000. Hillhouse Capital Management Ltd. increased its stake in YY by 74.9% in the second quarter. Hillhouse Capital Management Ltd. now owns 942,575 shares of the information services provider’s stock worth $94,701,000 after purchasing an additional 403,669 shares during the period. Finally, Capital Research Global Investors increased its stake in YY by 164.7% in the third quarter. Capital Research Global Investors now owns 555,845 shares of the information services provider’s stock worth $41,644,000 after purchasing an additional 345,845 shares during the period. Institutional investors own 57.45% of the company’s stock.

Shares of NASDAQ YY traded up $0.55 during midday trading on Monday, reaching $68.62. 1,206,378 shares of the stock traded hands, compared to its average volume of 1,497,228. The company has a market capitalization of $4.30 billion, a P/E ratio of 10.81, a P/E/G ratio of 0.46 and a beta of 0.89. YY has a one year low of $56.65 and a one year high of $142.97.

YY Company Profile

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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