YY (NASDAQ:YY) announced its earnings results on Monday. The information services provider reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.22, Briefing.com reports. The company had revenue of $570.20 million during the quarter, compared to analysts’ expectations of $544.76 million. YY had a net margin of 23.00% and a return on equity of 27.41%. The firm’s quarterly revenue was up 48.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.53 earnings per share.
YY stock opened at $87.67 on Tuesday. YY has a 1 year low of $68.44 and a 1 year high of $142.97. The company has a market capitalization of $5.61 billion, a P/E ratio of 13.81, a P/E/G ratio of 0.48 and a beta of 0.95.
A number of equities research analysts have recently commented on the stock. ValuEngine upgraded shares of YY from a “hold” rating to a “buy” rating in a report on Thursday, May 31st. Zacks Investment Research upgraded shares of YY from a “sell” rating to a “strong-buy” rating and set a $131.00 price target for the company in a report on Friday, June 15th. BidaskClub downgraded shares of YY from a “buy” rating to a “hold” rating in a report on Thursday, June 28th. Benchmark reiterated a “buy” rating and set a $140.00 price target (down from $168.00) on shares of YY in a report on Tuesday. Finally, JPMorgan Chase & Co. boosted their target price on shares of YY from $145.00 to $155.00 and gave the company an “overweight” rating in a report on Thursday, June 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $138.81.
YY Inc, through its subsidiaries, engages in the live streaming business in the People's Republic of China. The company operates YY Live platform, an online music and entertainment live streaming service; and Huya platform, a live streaming platform, including online games, console games, mobile games, entertainments, sports, etc.
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