Yirendai Ltd. (YRD) Expected to Announce Earnings of $0.78 Per Share
Equities research analysts expect Yirendai Ltd. (NYSE:YRD) to announce earnings per share of $0.78 for the current fiscal quarter, Zacks reports. Zero analysts have made estimates for Yirendai’s earnings. Yirendai posted earnings of $0.85 per share in the same quarter last year, which indicates a negative year over year growth rate of 8.2%. The firm is scheduled to report its next earnings results on Tuesday, November 21st.
On average, analysts expect that Yirendai will report full year earnings of $3.04 per share for the current year. For the next year, analysts anticipate that the business will report earnings of $4.86 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that that provide coverage for Yirendai.
Yirendai (NYSE:YRD) last announced its earnings results on Tuesday, August 1st. The technology company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.04). The company had revenue of $773.79 million for the quarter, compared to the consensus estimate of $153.78 million. Yirendai had a net margin of 32.37% and a return on equity of 80.79%. The company’s revenue for the quarter was up 343.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.66 EPS.
Several research firms recently commented on YRD. ValuEngine raised shares of Yirendai from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 24th. Zacks Investment Research raised shares of Yirendai from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research note on Wednesday, August 23rd.
A number of institutional investors have recently modified their holdings of the business. SignalPoint Asset Management LLC bought a new position in Yirendai during the 3rd quarter worth about $336,000. Victory Capital Management Inc. bought a new position in Yirendai during the 3rd quarter worth about $3,845,000. Rehmann Capital Advisory Group bought a new position in Yirendai during the 3rd quarter worth about $205,000. First Trust Advisors LP grew its holdings in Yirendai by 17.0% during the 3rd quarter. First Trust Advisors LP now owns 90,593 shares of the technology company’s stock worth $3,799,000 after acquiring an additional 13,130 shares in the last quarter. Finally, Navellier & Associates Inc grew its holdings in Yirendai by 11.5% during the 2nd quarter. Navellier & Associates Inc now owns 18,048 shares of the technology company’s stock worth $451,000 after acquiring an additional 1,861 shares in the last quarter. Institutional investors own 6.66% of the company’s stock.
Shares of Yirendai (NYSE YRD) opened at 43.39 on Wednesday. The company has a market cap of $2.59 billion, a price-to-earnings ratio of 12.96 and a beta of 8.52. The stock’s 50 day moving average is $46.19 and its 200-day moving average is $33.90. Yirendai has a 52 week low of $19.85 and a 52 week high of $53.50.
The business also recently declared a special dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were paid a $1.50 dividend. The ex-dividend date of this dividend was Thursday, September 28th. Yirendai’s dividend payout ratio is presently 45.40%.
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Yirendai Company Profile
Yirendai Ltd. is engaged in online consumer finance marketplace business in China. The Company conducts its business in China, through Yi Ren Heng Ye Technology Development (Beijing) Co, Ltd. (Heng Ye) and its consolidated variable interest entity, Heng Cheng Technology Development (Beijing) Co, Ltd.
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