Yirendai Ltd. (NYSE:YRD) issued its quarterly earnings data on Tuesday. The technology company reported $0.74 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.04), Briefing.com reports. Yirendai had a net margin of 32.37% and a return on equity of 80.79%. The business had revenue of $227.50 million during the quarter, compared to analyst estimates of $201.27 million. During the same quarter in the prior year, the firm posted $0.85 earnings per share. Yirendai’s revenue for the quarter was up 73.0% compared to the same quarter last year.

Yirendai (YRD) traded down $0.86 during midday trading on Tuesday, reaching $41.85. The company’s stock had a trading volume of 526,400 shares, compared to its average volume of 516,858. The company has a market cap of $2,500.00 and a PE ratio of 13.10. Yirendai has a 12-month low of $19.85 and a 12-month high of $53.50.

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An institutional investor recently bought a new position in Yirendai stock. Northern Trust Corp bought a new stake in Yirendai Ltd. (NYSE:YRD) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,375 shares of the technology company’s stock, valued at approximately $260,000. 6.62% of the stock is owned by institutional investors.

Several brokerages recently issued reports on YRD. ValuEngine lowered Yirendai from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. Macquarie began coverage on Yirendai in a research report on Tuesday. They issued an “outperform” rating and a $60.00 price objective for the company. Zacks Investment Research upgraded Yirendai from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research report on Friday, August 4th. Citigroup Inc. began coverage on Yirendai in a research report on Tuesday. They issued a “buy” rating for the company. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $42.00 price objective (up from $33.00) on shares of Yirendai in a research report on Tuesday, August 1st. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. Yirendai has an average rating of “Buy” and a consensus target price of $41.00.

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.

Earnings History for Yirendai (NYSE:YRD)

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