YY Inc (YY) Expected to Announce Quarterly Sales of $523.68 Million
Equities analysts forecast that YY Inc (NASDAQ:YY) will report $523.68 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for YY’s earnings, with the lowest sales estimate coming in at $523.05 million and the highest estimate coming in at $524.31 million. YY reported sales of $357.79 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 46.4%. The firm is expected to report its next earnings results on Tuesday, March 13th.
On average, analysts expect that YY will report full year sales of $523.68 million for the current year. For the next financial year, analysts expect that the company will post sales of $2.22 billion per share, with estimates ranging from $2.16 billion to $2.27 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow YY.
YY (NASDAQ:YY) last posted its quarterly earnings results on Tuesday, November 14th. The information services provider reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.05. YY had a net margin of 22.23% and a return on equity of 34.26%. The business had revenue of $464.78 million during the quarter, compared to analyst estimates of $425.44 million. During the same period in the prior year, the business posted $1.08 earnings per share. The company’s revenue was up 53.4% on a year-over-year basis.
Hedge funds have recently added to or reduced their stakes in the stock. D.A. Davidson & CO. increased its stake in shares of YY by 17.4% during the second quarter. D.A. Davidson & CO. now owns 2,700 shares of the information services provider’s stock valued at $156,000 after purchasing an additional 400 shares in the last quarter. First Allied Advisory Services Inc. increased its stake in shares of YY by 7.4% during the third quarter. First Allied Advisory Services Inc. now owns 8,396 shares of the information services provider’s stock valued at $724,000 after purchasing an additional 578 shares in the last quarter. Huntington National Bank increased its stake in shares of YY by 93.6% during the third quarter. Huntington National Bank now owns 1,218 shares of the information services provider’s stock valued at $106,000 after purchasing an additional 589 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of YY by 7.0% during the second quarter. Wells Fargo & Company MN now owns 9,127 shares of the information services provider’s stock valued at $529,000 after purchasing an additional 597 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of YY by 1.7% during the third quarter. Ameriprise Financial Inc. now owns 37,016 shares of the information services provider’s stock valued at $3,212,000 after purchasing an additional 623 shares in the last quarter. 56.87% of the stock is owned by institutional investors.
Shares of YY (NASDAQ:YY) opened at $131.21 on Wednesday. YY has a 1 year low of $40.17 and a 1 year high of $141.95. The stock has a market cap of $8,300.00, a PE ratio of 21.37, a price-to-earnings-growth ratio of 1.05 and a beta of 1.20.
WARNING: “YY Inc (YY) Expected to Announce Quarterly Sales of $523.68 Million” was reported by American Banking News and is owned by of American Banking News. If you are reading this piece of content on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/01/17/yy-inc-yy-expected-to-announce-quarterly-sales-of-523-68-million-2.html.
YY Company Profile
YY Inc (YY) is a social platform that engages users in real-time online group activities through voice, video and text on personal computers and mobile devices. The Company’s segments include YY IVAS and others, Huya broadcasting, and 100 Education. YY enables users to create and organize groups of varying sizes to discover and participate in a range of online activities, including music shows, online games, dating shows, live game broadcasting and e-learning.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for YY Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for YY and related companies with MarketBeat.com's FREE daily email newsletter.