Yelp Inc. (YELP) Set to Announce Quarterly Earnings on Wednesday
Yelp Inc. (NYSE:YELP) will announce its earnings results after the market closes on Wednesday, November 1st. Analysts expect the company to announce earnings of ($0.02) per share for the quarter.
Yelp (NYSE:YELP) last posted its earnings results on Thursday, August 3rd. The local business review company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.12. Yelp had a return on equity of 1.60% and a net margin of 1.67%. The business had revenue of $209.90 million during the quarter, compared to analyst estimates of $204.89 million. During the same quarter last year, the firm earned $0.16 earnings per share. The company’s revenue for the quarter was up 21.0% compared to the same quarter last year. On average, analysts expect Yelp to post $0.06 EPS for the current fiscal year and $0.28 EPS for the next fiscal year.
Shares of Yelp Inc. (NYSE:YELP) opened at 43.68 on Wednesday. Yelp Inc. has a 1-year low of $26.93 and a 1-year high of $46.76. The stock has a 50 day moving average price of $43.87 and a 200-day moving average price of $36.15. The firm has a market cap of $3.57 billion, a price-to-earnings ratio of 276.46 and a beta of 1.34.
Yelp declared that its board has authorized a stock repurchase program on Thursday, August 3rd that allows the company to buyback $200.00 million in shares. This buyback authorization allows the local business review company to reacquire up to 7.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.
TRADEMARK VIOLATION NOTICE: This piece was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another website, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2017/10/25/yelp-inc-yelp-set-to-announce-quarterly-earnings-on-wednesday.html.
In other news, Director Geoffrey L. Donaker sold 6,000 shares of Yelp stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of $43.36, for a total transaction of $260,160.00. Following the transaction, the director now owns 9,590 shares in the company, valued at $415,822.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jeremy Stoppelman sold 13,000 shares of Yelp stock in a transaction on Friday, August 4th. The stock was sold at an average price of $40.00, for a total transaction of $520,000.00. The disclosure for this sale can be found here. Insiders sold 264,610 shares of company stock worth $11,151,670 over the last three months. 10.10% of the stock is currently owned by insiders.
Several equities analysts recently weighed in on YELP shares. Roth Capital set a $21.00 price objective on Yelp and gave the stock a “sell” rating in a research report on Monday, July 31st. Robert W. Baird reissued a “neutral” rating on shares of Yelp in a research report on Monday, July 3rd. B. Riley reissued a “neutral” rating and set a $36.00 price objective on shares of Yelp in a research report on Friday, August 4th. Barclays PLC reissued an “equal weight” rating and set a $36.00 price objective (up previously from $28.00) on shares of Yelp in a research report on Friday, August 4th. Finally, BidaskClub upgraded Yelp from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, twenty have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $40.81.
Yelp Company Profile
Yelp Inc (Yelp) connects people with local businesses by bringing ‘word of mouth’ online and providing a platform for businesses and consumers to engage and transact. The Company offers local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences with other consumers by posting reviews, tips, photos and videos, and to engage directly with businesses, through reviews, its Request-A-Quote and Message the Business features, and by completing transactions on the Yelp Platform.
Receive News & Ratings for Yelp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yelp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.