Brokerages predict that Changyou.Com Ltd (NASDAQ:CYOU) will announce $0.43 earnings per share for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Changyou.Com’s earnings. Changyou.Com reported earnings of ($0.09) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 577.8%. The firm is scheduled to report its next earnings results on Friday, October 26th.

According to Zacks, analysts expect that Changyou.Com will report full-year earnings of $1.22 per share for the current fiscal year, with EPS estimates ranging from $1.20 to $1.24. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.07 per share, with EPS estimates ranging from $1.34 to $2.80. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for Changyou.Com.

Changyou.Com (NASDAQ:CYOU) last posted its quarterly earnings results on Monday, July 30th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.07. The business had revenue of $112.83 million for the quarter, compared to analysts’ expectations of $118.68 million. Changyou.Com had a return on equity of 3.92% and a net margin of 8.28%. The firm’s quarterly revenue was down 25.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.14 earnings per share.

Several equities analysts recently issued reports on the company. BidaskClub upgraded Changyou.Com from a “strong sell” rating to a “sell” rating in a report on Saturday, September 15th. Zacks Investment Research raised Changyou.Com from a “sell” rating to a “hold” rating in a research note on Thursday, August 2nd. Finally, Credit Suisse Group raised Changyou.Com from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 31st. Three equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Changyou.Com presently has an average rating of “Hold” and an average price target of $33.43.

A number of large investors have recently added to or reduced their stakes in the business. Millennium Management LLC lifted its stake in Changyou.Com by 273.9% in the second quarter. Millennium Management LLC now owns 278,118 shares of the technology company’s stock valued at $4,636,000 after buying an additional 203,736 shares during the period. Renaissance Technologies LLC lifted its stake in Changyou.Com by 3.4% in the second quarter. Renaissance Technologies LLC now owns 1,022,900 shares of the technology company’s stock valued at $17,052,000 after buying an additional 33,300 shares during the period. Maso Capital Partners Ltd lifted its stake in Changyou.Com by 7.8% in the second quarter. Maso Capital Partners Ltd now owns 184,500 shares of the technology company’s stock valued at $3,076,000 after buying an additional 13,400 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in Changyou.Com by 50.0% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 170,724 shares of the technology company’s stock valued at $2,846,000 after buying an additional 56,926 shares during the period. Finally, BlackRock Inc. lifted its stake in Changyou.Com by 59.7% in the second quarter. BlackRock Inc. now owns 313,078 shares of the technology company’s stock valued at $5,220,000 after buying an additional 117,014 shares during the period. 26.52% of the stock is currently owned by hedge funds and other institutional investors.

Changyou.Com stock traded down $0.15 during mid-day trading on Thursday, hitting $13.77. The stock had a trading volume of 608 shares, compared to its average volume of 120,422. The stock has a market cap of $735.94 million, a price-to-earnings ratio of 6.70 and a beta of 0.61. Changyou.Com has a 12 month low of $12.68 and a 12 month high of $40.99.

Changyou.Com Company Profile

Changyou.com Limited develops and operates online games in the People's Republic of China. The company operates through Online Game, Platform Channel, and Others 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.

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