$1.96 EPS Expected for YY Inc (YY) This Quarter

Wall Street analysts expect YY Inc (NASDAQ:YY) to post earnings per share (EPS) of $1.96 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for YY’s earnings. The lowest EPS estimate is $1.79 and the highest is $2.08. YY reported earnings per share of $2.27 during the same quarter last year, which would suggest a negative year over year growth rate of 13.7%. The company is scheduled to announce its next quarterly earnings results on Monday, March 4th.

According to Zacks, analysts expect that YY will report full-year earnings of $7.36 per share for the current fiscal year, with EPS estimates ranging from $7.10 to $7.63. For the next fiscal year, analysts anticipate that the firm will report earnings of $8.06 per share, with EPS estimates ranging from $7.35 to $9.10. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for YY.

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

Several analysts recently commented on the stock. BidaskClub raised shares of YY from a “hold” rating to a “buy” rating in a research note on Saturday. CLSA set a $125.00 target price on shares of YY and gave the company a “buy” rating in a research note on Tuesday, September 25th. ValuEngine raised shares of YY from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 16th. JPMorgan Chase & Co. lowered shares of YY from an “overweight” rating to a “neutral” rating and set a $68.05 target price for the company. in a research note on Tuesday, November 27th. Finally, Goldman Sachs Group raised shares of YY from a “neutral” rating to a “buy” rating and cut their target price for the company from $117.00 to $108.00 in a research note on Thursday, December 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. YY has an average rating of “Buy” and an average target price of $115.49.

YY stock opened at $73.97 on Friday. YY has a 12 month low of $55.55 and a 12 month high of $142.97. The company has a market cap of $4.67 billion, a P/E ratio of 11.65, a price-to-earnings-growth ratio of 0.40 and a beta of 0.98.

Hedge funds have recently added to or reduced their stakes in the company. Ayalon Holdings Ltd. acquired a new position in YY in the 4th quarter valued at approximately $50,000. TB Alternative Assets Ltd. increased its stake in YY by 294.9% in the 4th quarter. TB Alternative Assets Ltd. now owns 46,600 shares of the information services provider’s stock valued at $2,789,000 after buying an additional 34,800 shares during the period. Vanguard Group Inc increased its stake in YY by 2.9% in the 3rd quarter. Vanguard Group Inc now owns 1,495,467 shares of the information services provider’s stock valued at $112,040,000 after buying an additional 41,736 shares during the period. MARSHALL WACE ASIA Ltd acquired a new position in YY in the 3rd quarter valued at approximately $1,701,000. Finally, Vanguard Group Inc. increased its stake in YY by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 1,495,467 shares of the information services provider’s stock valued at $112,040,000 after buying an additional 41,736 shares during the period. Institutional investors and hedge funds own 57.50% of the company’s stock.

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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