Equities analysts expect Yirendai Ltd – (NYSE:YRD) to post earnings of $0.58 per share for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Yirendai’s earnings. Yirendai posted earnings of $0.74 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 21.6%. The firm is scheduled to announce its next earnings report on Tuesday, November 13th.
According to Zacks, analysts expect that Yirendai will report full-year earnings of $2.41 per share for the current fiscal year. For the next year, analysts anticipate that the business will report earnings of $3.14 per share. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for Yirendai.
Yirendai (NYSE:YRD) last posted its quarterly earnings results on Tuesday, August 28th. The technology company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.05). The company had revenue of $229.60 million during the quarter, compared to analyst estimates of $231.19 million. Yirendai had a net margin of 19.76% and a return on equity of 50.11%. During the same period in the prior year, the company earned $4.45 earnings per share.
YRD has been the topic of several recent analyst reports. TheStreet raised shares of Yirendai from a “d” rating to a “c-” rating in a report on Monday, August 20th. ValuEngine cut shares of Yirendai from a “hold” rating to a “sell” rating in a report on Tuesday, June 26th. Zacks Investment Research cut shares of Yirendai from a “hold” rating to a “strong sell” rating in a report on Saturday, June 30th. Morgan Stanley cut shares of Yirendai from an “overweight” rating to an “equal weight” rating in a report on Monday, June 25th. Finally, Needham & Company LLC cut shares of Yirendai from a “buy” rating to a “hold” rating in a report on Wednesday, August 29th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $47.00.
YRD traded up $0.14 during trading on Friday, hitting $16.55. The company had a trading volume of 240,840 shares, compared to its average volume of 323,587. The stock has a market capitalization of $995.63 million, a PE ratio of 4.80 and a beta of 4.39. Yirendai has a 1-year low of $12.39 and a 1-year high of $52.77.
Several large investors have recently modified their holdings of YRD. BlackRock Inc. raised its holdings in shares of Yirendai by 4.7% during the first quarter. BlackRock Inc. now owns 162,280 shares of the technology company’s stock worth $6,529,000 after purchasing an additional 7,288 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Yirendai by 1.2% during the first quarter. JPMorgan Chase & Co. now owns 453,374 shares of the technology company’s stock worth $18,240,000 after purchasing an additional 5,573 shares during the period. Guggenheim Capital LLC raised its holdings in shares of Yirendai by 8.9% during the first quarter. Guggenheim Capital LLC now owns 38,601 shares of the technology company’s stock worth $1,553,000 after purchasing an additional 3,163 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of Yirendai during the first quarter worth $239,000. Finally, Verition Fund Management LLC acquired a new stake in shares of Yirendai during the first quarter worth $287,000. 9.60% of the stock is currently owned by institutional investors.
Yirendai Ltd. operates as an online consumer finance marketplace that connects borrowers and investors primarily in the People's Republic of China. It offers standard loan products; and fasttrack loan products through mobile applications. The company also provides investing tools. The company was founded in 2012 and is based in Beijing, the People's Republic of China.
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