YY (YY) Issues Earnings Results

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.

About YY

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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Earnings History for YY (NASDAQ:YY)

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