Yirendai (NYSE:YRD) released its earnings results on Thursday. The technology company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.14), Briefing.com reports. Yirendai had a return on equity of 32.93% and a net margin of 15.30%. The company had revenue of $287.70 million for the quarter, compared to the consensus estimate of $259.41 million. During the same quarter in the previous year, the company posted $0.35 EPS. The business’s revenue was up 76.3% on a year-over-year basis.
NYSE:YRD traded up $0.08 on Friday, hitting $6.22. The company’s stock had a trading volume of 806,800 shares, compared to its average volume of 189,880. The company has a current ratio of 3.84, a quick ratio of 3.84 and a debt-to-equity ratio of 0.13. The stock has a fifty day moving average of $6.76 and a two-hundred day moving average of $11.12. The firm has a market capitalization of $377.98 million, a P/E ratio of 1.38 and a beta of 2.66. Yirendai has a one year low of $6.04 and a one year high of $17.77.
Several analysts recently issued reports on the company. Citigroup lowered Yirendai from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $13.90 to $6.10 in a report on Thursday, October 3rd. ValuEngine upgraded Yirendai from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Credit Suisse Group reiterated a “neutral” rating and set a $6.92 target price on shares of Yirendai in a report on Wednesday, October 9th. Zacks Investment Research lowered Yirendai from a “buy” rating to a “hold” rating in a report on Sunday, September 8th. Finally, Macquarie lowered Yirendai from a “neutral” rating to an “underperform” rating and set a $6.00 target price on the stock. in a report on Wednesday, September 4th. Three investment analysts have rated the stock with a sell rating and two have given a hold rating to the stock. Yirendai has a consensus rating of “Sell” and a consensus target price of $8.51.
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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