Yahoo Inc. (YHOO) to Release Quarterly Earnings on Tuesday
Yahoo Inc. (NASDAQ:YHOO) is set to issue its quarterly earnings data after the market closes on Tuesday, October 18th. Analysts expect the company to announce earnings of $0.14 per share for the quarter.
Yahoo (NASDAQ:YHOO) last issued its quarterly earnings results on Monday, July 18th. The digital content provider reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by $0.01. The firm had revenue of $842 million for the quarter, compared to analysts’ expectations of $1.08 billion. Yahoo had a positive return on equity of 0.32% and a negative net margin of 100.08%. The business’s quarterly revenue was down 19.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.16 earnings per share. On average, analysts expect Yahoo to post $0.49 EPS for the current fiscal year and $0.57 EPS for the next fiscal year.
Shares of Yahoo Inc. (NASDAQ:YHOO) opened at 41.44 on Monday. The stock’s 50 day moving average is $43.17 and its 200-day moving average is $39.18. The stock’s market capitalization is $39.44 billion. Yahoo Inc. has a one year low of $26.15 and a one year high of $44.92.
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Several equities analysts have recently commented on the stock. Vetr lowered shares of Yahoo from a “buy” rating to a “hold” rating and set a $45.56 price target for the company. in a research report on Tuesday, October 11th. SunTrust Banks Inc. reiterated a “neutral” rating and issued a $42.00 target price on shares of Yahoo in a research report on Saturday, October 8th. Citigroup Inc. reiterated a “buy” rating on shares of Yahoo in a research report on Monday, September 26th. Robert W. Baird reiterated a “neutral” rating and issued a $42.00 target price on shares of Yahoo in a research report on Friday, September 23rd. Finally, Bank of America Corp. reiterated a “buy” rating and issued a $55.00 target price on shares of Yahoo in a research report on Friday, September 23rd. Two analysts have rated the stock with a sell rating, twenty-one have given a hold rating and seventeen have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $40.67.
In related news, CRO Lisa Utzschneider sold 732 shares of the firm’s stock in a transaction on Thursday, July 21st. The stock was sold at an average price of $39.01, for a total value of $28,555.32. Following the completion of the transaction, the executive now directly owns 618,268 shares of the company’s stock, valued at $24,118,634.68. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 9.20% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of YHOO. MCF Advisors LLC boosted its position in shares of Yahoo by 77.2% in the second quarter. MCF Advisors LLC now owns 3,993 shares of the digital content provider’s stock worth $150,000 after buying an additional 1,740 shares during the last quarter. Picton Mahoney Asset Management bought a new position in shares of Yahoo during the second quarter worth about $199,000. Reliance Trust Co. of Delaware bought a new position in shares of Yahoo during the second quarter worth about $226,000. Stratos Wealth Partners LTD. boosted its position in shares of Yahoo by 0.8% in the second quarter. Stratos Wealth Partners LTD. now owns 10,504 shares of the digital content provider’s stock worth $395,000 after buying an additional 85 shares during the last quarter. Finally, Wetherby Asset Management Inc. boosted its position in shares of Yahoo by 2.3% in the second quarter. Wetherby Asset Management Inc. now owns 12,234 shares of the digital content provider’s stock worth $460,000 after buying an additional 277 shares during the last quarter. 73.66% of the stock is owned by hedge funds and other institutional investors.
Yahoo! Inc (Yahoo), along with its subsidiaries, is engaged in digital information discovery. The Company’s segments include the Americas; Europe, Middle East and Africa (EMEA), and Asia Pacific. The Company focuses on informing, connecting and entertaining its users with its search (Yahoo search), communications, including Yahoo Mail and Yahoo Messenger, and digital content products, including Tumblr, and its four verticals, such as Yahoo News, Yahoo Sports, Yahoo Finance and Yahoo Lifestyle.
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