Jefferies Group Comments on Yandex NV’s FY2016 Earnings (YNDX)
Yandex NV (NASDAQ:YNDX) – Research analysts at Jefferies Group issued their FY2016 earnings estimates for Yandex NV in a report issued on Monday. Jefferies Group analyst D. Reynolds expects that the firm will post earnings of $0.50 per share for the year. Jefferies Group also issued estimates for Yandex NV’s FY2017 earnings at $0.69 EPS.
Yandex NV (NASDAQ:YNDX) last posted its earnings results on Thursday, July 28th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.14 by $0.05. Yandex NV had a net margin of 15.06% and a return on equity of 14.67%. The business earned $18.04 billion during the quarter, compared to analyst estimates of $17.61 billion. During the same quarter in the prior year, the business earned $8.63 earnings per share. The firm’s revenue was up 29.6% compared to the same quarter last year.
A number of other research firms have also commented on YNDX. Bank of America Corp. set a $26.00 price objective on Yandex NV and gave the stock a “buy” rating in a research note on Thursday, September 8th. Zacks Investment Research raised Yandex NV from a “sell” rating to a “hold” rating in a research report on Wednesday, September 28th. TheStreet raised Yandex NV from a “sell” rating to a “hold” rating in a research report on Thursday, June 30th. Vetr raised Yandex NV from a “buy” rating to a “strong-buy” rating and set a $24.97 target price on the stock in a research report on Wednesday, August 3rd. Finally, Pacific Crest reissued a “buy” rating on shares of Yandex NV in a research report on Friday, July 29th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $21.98.
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Yandex NV (NASDAQ:YNDX) traded up 0.51% during mid-day trading on Wednesday, reaching $19.84. The company had a trading volume of 1,117,646 shares. Yandex NV has a 52-week low of $11.00 and a 52-week high of $23.87. The company’s 50 day moving average is $21.15 and its 200 day moving average is $20.65. The stock has a market capitalization of $6.37 billion, a price-to-earnings ratio of 19.53 and a beta of 3.00.
Several hedge funds and other institutional investors have recently made changes to their positions in YNDX. Kazazian Asset Management LLC acquired a new position in shares of Yandex NV during the first quarter valued at approximately $103,000. BB&T Securities LLC acquired a new position in shares of Yandex NV during the first quarter valued at approximately $190,000. Sawtooth Asset Management Inc. acquired a new position in shares of Yandex NV during the second quarter valued at approximately $242,000. Sei Investments Co. increased its position in shares of Yandex NV by 110.3% in the second quarter. Sei Investments Co. now owns 11,404 shares of the company’s stock valued at $249,000 after buying an additional 5,980 shares during the last quarter. Finally, Advisor Group Inc. acquired a new position in shares of Yandex NV during the second quarter valued at approximately $253,000. 62.72% of the stock is currently owned by institutional investors and hedge funds.
About Yandex NV
Yandex N.V. (Yandex) is an Internet and technology company, and operates an Internet search engine. The Company’ s segments include Search and Portal, offers a range of services in Russia, Ukraine, Belarus and Kazakhstan, among which are search, location-based, personalized and mobile services, that enable the Company’s users to find relevant and objective information to communicate and connect over the Internet, from both their desktops and mobile devices; E-commerce, which includes Yandex.Market e-commerce gateway service that gives retailers an additional platform to reach customers seeking specific retailer, product or price information; Classifieds, which includes online advertising and listing services, and Taxi, which offers online transportation service delivered through Yandex and Taxi operates in over 10 cities across Russia and in Minsk, Belarus.
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