Zacks: Yirendai Ltd. (YRD) Given Average Recommendation of “Hold” by Analysts
Shares of Yirendai Ltd. (NYSE:YRD) have received a consensus broker rating score of 2.67 (Hold) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company.
Brokerages have set a one year consensus price objective of $38.50 for the company and are expecting that the company will post $0.78 EPS for the current quarter, according to Zacks. Zacks has also assigned Yirendai an industry rank of 123 out of 265 based on the ratings given to related companies.
A number of research firms have issued reports on YRD. Needham & Company LLC restated a “buy” rating and issued a $42.00 target price on shares of Yirendai in a report on Friday. Zacks Investment Research lowered shares of Yirendai from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. Finally, ValuEngine lowered shares of Yirendai from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 3rd.
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Shares of Yirendai (YRD) traded down $0.85 during midday trading on Friday, reaching $41.81. 317,224 shares of the company were exchanged, compared to its average volume of 560,768. The firm has a market cap of $2,490.00 and a PE ratio of 13.05. Yirendai has a 12-month low of $19.85 and a 12-month high of $53.50.
Yirendai (NYSE:YRD) last released its earnings results on Tuesday, August 1st. The technology company reported $0.66 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.04). The firm had revenue of $773.79 million during the quarter, compared to analysts’ expectations of $153.78 million. Yirendai had a net margin of 32.37% and a return on equity of 80.79%. Yirendai’s revenue for the quarter was up 343.4% on a year-over-year basis. During the same quarter last year, the company posted $0.66 earnings per share. sell-side analysts anticipate that Yirendai will post 3.04 EPS for the current year.
The company also recently announced a special dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were issued a $1.50 dividend. The ex-dividend date of this dividend was Thursday, September 28th. Yirendai’s dividend payout ratio (DPR) is 44.18%.
Large investors have recently added to or reduced their stakes in the business. Rehmann Capital Advisory Group purchased a new position in Yirendai in the 3rd quarter valued at about $205,000. Bank of America Corp DE lifted its holdings in Yirendai by 24.5% in the 1st quarter. Bank of America Corp DE now owns 7,644 shares of the technology company’s stock valued at $192,000 after purchasing an additional 1,504 shares in the last quarter. SignalPoint Asset Management LLC purchased a new position in shares of Yirendai during the 3rd quarter worth about $336,000. TIAA CREF Investment Management LLC purchased a new position in shares of Yirendai during the 2nd quarter worth about $204,000. Finally, Global X Management Co. LLC lifted its holdings in shares of Yirendai by 399.0% during the 2nd quarter. Global X Management Co. LLC now owns 8,224 shares of the technology company’s stock worth $206,000 after acquiring an additional 6,576 shares during the period. Institutional investors own 6.66% of the company’s stock.
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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