Brokerages predict that Changyou.Com Ltd (NASDAQ:CYOU) will announce earnings of $0.38 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Changyou.Com’s earnings. Changyou.Com reported earnings of $0.60 per share during the same quarter last year, which would indicate a negative year over year growth rate of 36.7%. The business is expected to announce its next earnings results on Monday, July 29th.

On average, analysts expect that Changyou.Com will report full-year earnings of $1.97 per share for the current year, with EPS estimates ranging from $1.50 to $2.43. For the next fiscal year, analysts anticipate that the business will report earnings of $2.38 per share, with EPS estimates ranging from $1.46 to $3.30. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Changyou.Com.

Changyou.Com (NASDAQ:CYOU) last posted its quarterly earnings data on Monday, April 29th. The technology company reported $0.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.29. The company had revenue of $123.31 million for the quarter, compared to analyst estimates of $114.15 million. Changyou.Com had a net margin of 28.48% and a return on equity of 16.03%. The firm’s revenue for the quarter was down 10.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.55 EPS.

A number of brokerages have recently commented on CYOU. ValuEngine lowered shares of Changyou.Com from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th. Zacks Investment Research raised shares of Changyou.Com from a “hold” rating to a “strong-buy” rating and set a $19.00 target price on the stock in a research report on Friday, April 5th. Finally, BidaskClub raised shares of Changyou.Com from a “sell” rating to a “hold” rating in a research report on Thursday, May 9th.

Several large investors have recently modified their holdings of the company. Mackenzie Financial Corp bought a new position in Changyou.Com during the fourth quarter valued at $1,487,000. Prudential Financial Inc. purchased a new stake in Changyou.Com during the fourth quarter valued at about $5,961,000. Acadian Asset Management LLC raised its position in Changyou.Com by 61.2% during the fourth quarter. Acadian Asset Management LLC now owns 520,020 shares of the technology company’s stock valued at $9,505,000 after purchasing an additional 197,383 shares in the last quarter. Athos Capital Ltd raised its position in Changyou.Com by 19.6% during the fourth quarter. Athos Capital Ltd now owns 178,263 shares of the technology company’s stock valued at $3,259,000 after purchasing an additional 29,158 shares in the last quarter. Finally, California Public Employees Retirement System raised its position in Changyou.Com by 81.0% during the fourth quarter. California Public Employees Retirement System now owns 50,410 shares of the technology company’s stock valued at $921,000 after purchasing an additional 22,555 shares in the last quarter. 26.44% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:CYOU traded up $0.04 during trading on Monday, reaching $10.49. 204,700 shares of the company were exchanged, compared to its average volume of 233,728. The company has a market capitalization of $556.47 million, a price-to-earnings ratio of 6.68 and a beta of 0.77. The business’s fifty day simple moving average is $15.05. Changyou.Com has a 12-month low of $8.86 and a 12-month high of $22.27. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.16.

The business also recently announced a special dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th were given a dividend of $9.40 per share. The ex-dividend date of this dividend was Monday, June 3rd.

About Changyou.Com

Changyou.com Limited develops and operates online games in the People's Republic of China. The company operates through Online Game, Platform Channel, and Cinema Advertising segments. It develops, operates, and licenses online games, including interactive online games that are accessed and played simultaneously by various game players through personal computers; and mobile games played on mobile devices.

Recommended Story: The benefits and drawbacks of dollar cost averaging

Get a free copy of the Zacks research report on Changyou.Com (CYOU)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Changyou.Com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Changyou.Com and related companies with MarketBeat.com's FREE daily email newsletter.