Changyou.com Ltd (CYOU) Releases Quarterly Earnings Results
Changyou.com Ltd (NASDAQ:CYOU) announced its earnings results on Monday. The company reported $1.34 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.35 by $0.01, ARN reports. The company had revenue of $183.10 million for the quarter, compared to the consensus estimate of $183.40 million.
A number of analysts have recently weighed in on CYOU shares. Analysts at Credit Suisse initiated coverage on shares of Changyou.com Ltd in a research note to investors on Thursday, September 26th. They set an “outperform” rating on the stock. Analysts at Zacks downgraded shares of Changyou.com Ltd from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, August 7th. They now have a $39.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $23.93.
Changyou.com Ltd (NASDAQ:CYOU) opened at 35.71 on Monday. Changyou.com Ltd has a one year low of $22.24 and a one year high of $41.60. The stock has a 50-day moving average of $30.61 and a 200-day moving average of $30.48. The company has a market cap of $1.904 billion and a price-to-earnings ratio of 6.35.
Changyou.com Limited (NASDAQ:CYOU) is online game developer and operator in the People’s Republic of China.
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