YY Inc (YY) Expected to Announce Earnings of $1.32 Per Share
Wall Street analysts expect YY Inc (NASDAQ:YY) to post earnings of $1.32 per share for the current quarter, Zacks reports. Zero analysts have made estimates for YY’s earnings. YY reported earnings of $1.72 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 23.3%. The firm is expected to report its next earnings results on Tuesday, June 4th.
On average, analysts expect that YY will report full year earnings of $7.00 per share for the current financial year, with EPS estimates ranging from $6.27 to $7.73. For the next fiscal year, analysts forecast that the business will post earnings of $7.83 per share, with EPS estimates ranging from $6.74 to $8.92. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover YY.
Several brokerages have issued reports on YY. BidaskClub downgraded shares of YY from a “buy” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research raised shares of YY from a “hold” rating to a “buy” rating and set a $77.00 price objective on the stock in a research report on Saturday, February 16th. ValuEngine raised shares of YY from a “sell” rating to a “hold” rating in a report on Tuesday, March 12th. TheStreet raised shares of YY from a “c+” rating to a “b-” rating in a report on Monday, March 4th. Finally, Nomura reaffirmed a “neutral” rating and issued a $74.00 target price (down previously from $75.00) on shares of YY in a report on Tuesday, January 29th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $97.80.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Van ECK Associates Corp lifted its stake in shares of YY by 40.0% in the fourth quarter. Van ECK Associates Corp now owns 700 shares of the information services provider’s stock valued at $42,000 after purchasing an additional 200 shares during the period. Ayalon Holdings Ltd. acquired a new position in YY during the fourth quarter worth about $50,000. Atlas Capital Advisors LLC acquired a new position in YY during the fourth quarter worth about $55,000. NumerixS Investment Technologies Inc acquired a new position in YY during the fourth quarter worth about $67,000. Finally, Advisor Group Inc. raised its position in YY by 56.1% during the fourth quarter. Advisor Group Inc. now owns 1,269 shares of the information services provider’s stock worth $75,000 after acquiring an additional 456 shares during the last quarter. Hedge funds and other institutional investors own 60.36% of the company’s stock.
YY Company Profile
YY, Inc engages in managing a communication social platform, which enables users to join real-time online group activities through voice, text, and video. Its services include music and entertainment, online games, online dating, live game broadcasting, online education, and advertising. It operates through following segments: Live Streaming, Online Games, Membership and Others.
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