Yahoo Inc. (YHOO) Announces Quarterly Earnings Results, Beats Expectations By $0.06 EPS
Yahoo Inc. (NASDAQ:YHOO) announced its quarterly earnings data on Tuesday. The digital content provider reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.06. Yahoo had a negative net margin of 100.08% and a positive return on equity of 0.32%. The company earned $857 million during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the prior year, the company earned $0.15 EPS. Yahoo’s revenue was down 14.6% compared to the same quarter last year.
Shares of Yahoo (NASDAQ:YHOO) traded down 0.26% during mid-day trading on Tuesday, hitting $41.68. 14,328,912 shares of the company traded hands. The firm has a 50-day moving average price of $43.16 and a 200 day moving average price of $39.26. Yahoo has a 52-week low of $26.15 and a 52-week high of $44.92. The firm’s market cap is $39.67 billion.
In related news, CRO Lisa Utzschneider sold 732 shares of Yahoo stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $42.84, for a total value of $31,358.88. Following the completion of the sale, the executive now owns 612,081 shares in the company, valued at $26,221,550.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 9.20% of the stock is currently owned by corporate insiders.
Several hedge funds have recently modified their holdings of the company. Sunbelt Securities Inc. raised its stake in shares of Yahoo by 4.5% in the second quarter. Sunbelt Securities Inc. now owns 112,232 shares of the digital content provider’s stock worth $4,215,000 after buying an additional 4,875 shares during the period. Yakira Capital Management Inc. raised its stake in Yahoo by 6.0% in the second quarter. Yakira Capital Management Inc. now owns 221,925 shares of the digital content provider’s stock valued at $8,336,000 after buying an additional 12,500 shares during the last quarter. United Services Automobile Association raised its stake in Yahoo by 1.6% in the second quarter. United Services Automobile Association now owns 443,513 shares of the digital content provider’s stock valued at $16,658,000 after buying an additional 7,090 shares during the last quarter. MCF Advisors LLC raised its stake in Yahoo by 77.2% in the second quarter. MCF Advisors LLC now owns 3,993 shares of the digital content provider’s stock valued at $150,000 after buying an additional 1,740 shares during the last quarter. Finally, FIL Ltd raised its stake in Yahoo by 68.9% in the second quarter. FIL Ltd now owns 1,145,057 shares of the digital content provider’s stock valued at $43,009,000 after buying an additional 466,949 shares during the last quarter. Institutional investors and hedge funds own 73.86% of the company’s stock.
Several analysts recently issued reports on YHOO shares. Bank of America Corp. reaffirmed a “buy” rating and set a $48.00 price objective on shares of Yahoo in a research note on Sunday, July 17th. Vetr cut shares of Yahoo from a “hold” rating to a “sell” rating and set a $41.12 price objective for the company. in a research note on Wednesday, August 24th. SunTrust Banks Inc. cut shares of Yahoo from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $44.00 to $42.00 in a research note on Monday, July 11th. RBC Capital Markets reaffirmed a “sector perform” rating and set a $29.00 price objective on shares of Yahoo in a research note on Monday, August 1st. Finally, Royal Bank Of Canada boosted their target price on shares of Yahoo from $38.00 to $39.00 and gave the company a “sector perform” rating in a report on Tuesday, July 19th. Two investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $41.04.
Yahoo Company Profile
Yahoo! Inc (Yahoo), along with its subsidiaries, is engaged in digital information discovery. The Company’s segments include the Americas; Europe, Middle East and Africa (EMEA), and Asia Pacific. The Company focuses on informing, connecting and entertaining its users with its search (Yahoo search), communications, including Yahoo Mail and Yahoo Messenger, and digital content products, including Tumblr, and its four verticals, such as Yahoo News, Yahoo Sports, Yahoo Finance and Yahoo Lifestyle.
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