China Yuchai International (NYSE:CYD) issued its quarterly earnings data on Thursday. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.11), Morningstar.com reports. The firm had revenue of $463.63 million for the quarter, compared to the consensus estimate of $574.76 million. China Yuchai International had a return on equity of 27.31% and a net margin of 5.90%.
Shares of NYSE CYD traded down $0.60 during trading on Friday, reaching $14.21. The company had a trading volume of 35,874 shares, compared to its average volume of 81,339. China Yuchai International has a 12 month low of $13.67 and a 12 month high of $27.98. The firm has a market capitalization of $628.91 million, a PE ratio of 4.60 and a beta of 1.42.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. bought a new stake in shares of China Yuchai International in the 2nd quarter valued at about $202,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of China Yuchai International in the 3rd quarter valued at about $195,000. Segall Bryant & Hamill LLC bought a new stake in shares of China Yuchai International in the 2nd quarter valued at about $271,000. Ramsey Quantitative Systems grew its position in shares of China Yuchai International by 40.3% in the 3rd quarter. Ramsey Quantitative Systems now owns 20,827 shares of the company’s stock valued at $360,000 after buying an additional 5,980 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of China Yuchai International by 6.3% in the 1st quarter. Northern Trust Corp now owns 48,182 shares of the company’s stock valued at $1,020,000 after purchasing an additional 2,850 shares during the period. Hedge funds and other institutional investors own 26.85% of the company’s stock.
A number of equities research analysts recently weighed in on CYD shares. ValuEngine lowered China Yuchai International from a “hold” rating to a “sell” rating in a research report on Wednesday, September 12th. Zacks Investment Research upgraded China Yuchai International from a “strong sell” rating to a “buy” rating and set a $17.00 price objective on the stock in a research report on Monday, October 22nd.
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China Yuchai International Company Profile
China Yuchai International Limited, through its subsidiaries, manufactures and sells diesel and natural gas engines in the People's Republic of China and internationally. It operates in two segments, Yuchai and HLGE. The company provides diesel and natural gas engines for light trucks, medium and heavy-duty trucks, buses and passenger vehicles, and marine and industrial applications; and generator sets.
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