Yirendai (YRD) Getting Somewhat Positive Press Coverage, Report Shows
Media stories about Yirendai (NYSE:YRD) have trended somewhat positive this week, Accern reports. Accern identifies positive and negative news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Yirendai earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news coverage about the technology company an impact score of 45.659005811273 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- Zacks: Yirendai Ltd. (YRD) Given Average Recommendation of “Hold” by Analysts (americanbankingnews.com)
- Yirendai Ltd. (YRD) Rating Reiterated by Needham & Company LLC (americanbankingnews.com)
- Yirendai Ltd. (YRD) Expected to Announce Earnings of $0.78 Per Share (americanbankingnews.com)
- Yirendai Ltd. American Deposita (NYSE:YRD) Sees Unusual Trading Volume in Its Shares – First News 24 (firstnewspaper24.com)
Shares of Yirendai (NYSE:YRD) traded down $0.85 during midday trading on Friday, reaching $41.81. 317,224 shares of the company were exchanged, compared to its average volume of 560,768. The firm has a market capitalization of $2,490.00 and a PE ratio of 13.05. Yirendai has a 52-week low of $19.85 and a 52-week high of $53.50.
Yirendai (NYSE:YRD) last issued its quarterly earnings data on Tuesday, August 1st. The technology company reported $0.66 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.04). The firm had revenue of $773.79 million for the quarter, compared to analyst estimates of $153.78 million. Yirendai had a net margin of 32.37% and a return on equity of 80.79%. The firm’s revenue for the quarter was up 343.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.66 EPS. equities research analysts predict that Yirendai will post 3.04 earnings per share for the current fiscal year.
The company also recently disclosed a special dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were issued a dividend of $1.50 per share. The ex-dividend date was Thursday, September 28th. Yirendai’s dividend payout ratio is currently 44.18%.
YRD has been the subject of several analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $42.00 price target (up previously from $33.00) on shares of Yirendai in a research report on Tuesday, August 1st. They noted that the move was a valuation call. Zacks Investment Research cut shares of Yirendai from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, ValuEngine cut shares of Yirendai from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 3rd.
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Yirendai Ltd. is engaged in online consumer finance marketplace business in China. The Company conducts its business in China, through Yi Ren Heng Ye Technology Development (Beijing) Co, Ltd. (Heng Ye) and its consolidated variable interest entity, Heng Cheng Technology Development (Beijing) Co, Ltd.
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