Yandex N.V. (YNDX) Posts Quarterly Earnings Results, Hits Expectations
Yandex N.V. (NASDAQ:YNDX) released its earnings results on Tuesday. The information services provider reported $0.13 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.13, MarketWatch Earnings reports. Yandex N.V. had a net margin of 9.50% and a return on equity of 15.51%. The company had revenue of $404.00 million during the quarter, compared to analysts’ expectations of $399.96 million. During the same quarter last year, the business earned $11.64 EPS. The business’s revenue was up 21.5% on a year-over-year basis.
Shares of Yandex N.V. (NASDAQ:YNDX) opened at 32.82 on Wednesday. The company has a 50 day moving average of $32.42 and a 200 day moving average of $29.01. The firm has a market cap of $10.67 billion, a PE ratio of 41.60 and a beta of 2.82. Yandex N.V. has a 52 week low of $17.28 and a 52 week high of $34.27.
YNDX has been the subject of several recent analyst reports. VTB Capital upgraded shares of Yandex N.V. from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research note on Thursday, August 3rd. Zacks Investment Research cut shares of Yandex N.V. from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. Credit Suisse Group raised their target price on shares of Yandex N.V. from $32.00 to $37.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 25th. They noted that the move was a valuation call. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $37.30 target price on shares of Yandex N.V. in a research note on Wednesday, July 26th. Finally, Deutsche Bank AG restated a “buy” rating and issued a $38.00 target price (up previously from $35.00) on shares of Yandex N.V. in a research note on Friday, July 14th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $35.16.
Yandex N.V. Company Profile
Yandex N.V. is an Internet and technology company, and operates Internet search engine. The Company’s segments include Search and Portal, E-commerce, Taxi, Classifieds and Experimental businesses. The Company’s Search and Portal segment 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.
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