Wall Street brokerages expect YY Inc (NASDAQ:YY) to announce earnings per share (EPS) of $1.96 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for YY’s earnings, with the lowest EPS estimate coming in at $1.79 and the highest estimate coming in at $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 issue its next quarterly earnings results on Monday, March 4th.

On average, analysts expect that YY will report full year earnings of $7.36 per share for the current year, with EPS estimates ranging from $7.10 to $7.63. For the next financial year, analysts forecast that the company will post earnings of $8.06 per share, with EPS estimates ranging from $7.35 to $9.10. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover YY.

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

A number of research analysts have commented on the company. BidaskClub upgraded YY from a “hold” rating to a “buy” rating in a research note on Saturday, January 19th. ValuEngine cut YY from a “sell” rating to a “strong sell” rating in a research note on Tuesday, January 29th. Zacks Investment Research cut YY from a “buy” rating to a “hold” rating in a research note on Saturday, November 10th. Tigress Financial initiated coverage on YY in a research note on Friday, January 4th. They set a “buy” rating on the stock. Finally, UBS Group lowered YY from a “buy” rating to a “neutral” rating and set a $77.00 target price on the stock. in a report on Wednesday, January 23rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. YY has a consensus rating of “Buy” and an average price target of $102.91.

Institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC raised its position in YY by 93.2% in the 3rd quarter. FMR LLC now owns 1,707,427 shares of the information services provider’s stock valued at $127,920,000 after buying an additional 823,496 shares during the last quarter. Capital Research Global Investors increased its position in shares of YY by 164.7% during the 3rd quarter. Capital Research Global Investors now owns 555,845 shares of the information services provider’s stock valued at $41,644,000 after purchasing an additional 345,845 shares during the last quarter. Bank of Montreal Can increased its position in shares of YY by 704.0% during the 3rd quarter. Bank of Montreal Can now owns 251,828 shares of the information services provider’s stock valued at $18,867,000 after purchasing an additional 220,506 shares during the last quarter. BlackRock Inc. increased its position in shares of YY by 9.3% during the 3rd quarter. BlackRock Inc. now owns 2,254,782 shares of the information services provider’s stock valued at $168,929,000 after purchasing an additional 191,560 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of YY by 49.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 576,137 shares of the information services provider’s stock valued at $43,150,000 after purchasing an additional 189,881 shares during the last quarter. Institutional investors own 56.08% of the company’s stock.

NASDAQ:YY traded up $1.61 during trading hours on Monday, hitting $67.34. 9,882 shares of the stock were exchanged, compared to its average volume of 773,194. The firm has a market cap of $4.20 billion, a P/E ratio of 10.58, a price-to-earnings-growth ratio of 0.36 and a beta of 1.27. YY has a 52-week low of $55.55 and a 52-week high of $140.39.

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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