Yelp (NYSE:YELP) is scheduled to be releasing its earnings data after the market closes on Thursday, November 8th. Analysts expect Yelp to post earnings of $0.08 per share for the quarter.
Yelp (NYSE:YELP) last released its quarterly earnings results on Wednesday, August 8th. The local business review company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.14. The business had revenue of $234.90 million for the quarter, compared to analysts’ expectations of $232.26 million. Yelp had a net margin of 17.64% and a return on equity of 0.74%. The company’s revenue was up 11.9% compared to the same quarter last year. During the same period last year, the business earned $0.25 EPS. On average, analysts expect Yelp to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of Yelp stock opened at $42.82 on Thursday. The company has a market capitalization of $3.45 billion, a P/E ratio of 616.57, a P/E/G ratio of 6.83 and a beta of 1.21. Yelp has a 52 week low of $36.42 and a 52 week high of $52.50.
In other Yelp news, CEO Jeremy Stoppelman sold 13,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 24th. The shares were sold at an average price of $42.73, for a total transaction of $555,490.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Geoffrey L. Donaker sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 23rd. The stock was sold at an average price of $41.88, for a total transaction of $167,520.00. The disclosure for this sale can be found here. Insiders have sold a total of 222,803 shares of company stock valued at $10,229,125 over the last three months. 9.00% of the stock is currently owned by insiders.
Several brokerages recently commented on YELP. Zacks Investment Research lowered shares of Yelp from a “buy” rating to a “hold” rating in a research report on Friday, September 28th. Royal Bank of Canada increased their price objective on shares of Yelp to $62.00 and gave the company an “outperform” rating in a research report on Monday, September 17th. Wedbush reaffirmed an “outperform” rating and issued a $60.00 price objective on shares of Yelp in a research report on Thursday, September 13th. KeyCorp reaffirmed a “hold” rating on shares of Yelp in a research report on Thursday, August 9th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Yelp to $57.00 and gave the company an “overweight” rating in a research report on Thursday, August 9th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company’s stock. Yelp presently has an average rating of “Hold” and a consensus target price of $49.65.
Yelp Inc operates a platform that connects people with local businesses in the United States, Canada, and internationally. The company's platform covers various local business categories, including restaurants, shopping, beauty and fitness, arts, entertainment and events, home and local services, health, nightlife, travel and hotel, auto, and others.
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