Yahoo! (YHOO) Releases Quarterly Earnings Results
Yahoo! (NASDAQ:YHOO) posted its quarterly earnings results on Tuesday. The company reported $0.34 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.33 by $0.01, American Banking & Market News reports. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the company posted $0.35 earnings per share. Yahoo!’s revenue was down .7% compared to the same quarter last year.
Yahoo! (NASDAQ:YHOO) traded down 1.82% on Tuesday, hitting $33.38. The stock had a trading volume of 40,389,672 shares. Yahoo! has a one year low of $15.74 and a one year high of $35.06. The stock’s 50-day moving average is $30.8 and its 200-day moving average is $27.32. The company has a market cap of $34.058 billion and a price-to-earnings ratio of 9.36.
A number of analysts have recently weighed in on YHOO shares. Analysts at B. Riley raised their price target on shares of Yahoo! from $32.00 to $39.00 in a research note to investors on Wednesday, October 9th. They now have a “buy” rating on the stock. On the ratings front, analysts at Goldman Sachs Group Inc. raised their price target on shares of Yahoo! to $39.00 in a research note to investors on Tuesday, October 8th. They now have a “buy” rating on the stock. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Yahoo! in a research note to investors on Tuesday, October 8th. Twenty-one investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Yahoo! currently has an average rating of “Hold” and a consensus target price of $30.31.
Yahoo! Inc (NASDAQ:YHOO) is a digital media company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.