Jefferies Group Comments on Yandex NV’s FY2016 Earnings (YNDX)
Yandex NV (NASDAQ:YNDX) – Equities researchers at Jefferies Group issued their FY2016 earnings per share (EPS) estimates for shares of Yandex NV in a note issued to investors on Monday. Jefferies Group analyst D. Reynolds expects that the firm will earn $0.50 per share for the year. Jefferies Group also issued estimates for Yandex NV’s FY2017 earnings at $0.69 EPS.
Yandex NV (NASDAQ:YNDX) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by $0.05. The firm had revenue of $18.04 billion for the quarter, compared to analysts’ expectations of $17.61 billion. Yandex NV had a net margin of 15.06% and a return on equity of 14.67%. The company’s quarterly revenue was up 29.6% on a year-over-year basis. During the same period in the previous year, the company earned $8.63 EPS.
Several other equities analysts also recently weighed in on YNDX. Zacks Investment Research downgraded shares of Yandex NV from a “buy” rating to a “hold” rating in a report on Wednesday, June 22nd. TheStreet raised shares of Yandex NV from a “sell” rating to a “hold” rating in a report on Thursday, June 30th. HSBC initiated coverage on shares of Yandex NV in a research report on Monday, July 18th. They set a “buy” rating and a $26.70 price objective on the stock. Vetr cut shares of Yandex NV from a “buy” rating to a “hold” rating and set a $22.98 price objective on the stock. in a research report on Thursday, July 28th. Finally, Pacific Crest reiterated a “buy” rating on shares of Yandex NV in a research report on Friday, July 29th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Yandex NV presently has a consensus rating of “Buy” and an average target price of $21.98.
Shares of Yandex NV (NASDAQ:YNDX) traded up 0.51% during midday trading on Wednesday, reaching $19.84. 1,117,646 shares of the company’s stock traded hands. Yandex NV has a one year low of $11.00 and a one year high of $23.87. The company has a 50-day moving average of $21.15 and a 200-day moving average of $20.65. The company has a market capitalization of $6.37 billion, a price-to-earnings ratio of 19.53 and a beta of 3.00.
A number of hedge funds and other institutional investors have recently bought and sold shares of YNDX. Handelsbanken Fonder AB purchased a new position in Yandex NV during the second quarter valued at approximately $765,000. BlueMountain Capital Management LLC raised its position in Yandex NV by 7,390.5% in the first quarter. BlueMountain Capital Management LLC now owns 77,751 shares of the company’s stock valued at $1,191,000 after buying an additional 76,713 shares during the last quarter. Orbis Allan Gray Ltd purchased a new position in Yandex NV during the first quarter valued at approximately $92,487,000. Kazazian Asset Management LLC purchased a new position in Yandex NV during the first quarter valued at approximately $103,000. Finally, Renaissance Technologies LLC raised its position in Yandex NV by 7.5% in the first quarter. Renaissance Technologies LLC now owns 1,399,000 shares of the company’s stock valued at $21,433,000 after buying an additional 97,500 shares during the last quarter. 62.72% of the stock is owned by institutional investors.
Yandex NV Company Profile
Yandex N.V. (Yandex) is an Internet and technology company, and operates an Internet search engine. The Company’ s segments include Search and Portal, offers a range of services in Russia, Ukraine, Belarus and Kazakhstan, among which are search, location-based, personalized and mobile services, that enable the Company’s users to find relevant and objective information to communicate and connect over the Internet, from both their desktops and mobile devices; E-commerce, which includes Yandex.Market e-commerce gateway service that gives retailers an additional platform to reach customers seeking specific retailer, product or price information; Classifieds, which includes online advertising and listing services, and Taxi, which offers online transportation service delivered through Yandex and Taxi operates in over 10 cities across Russia and in Minsk, Belarus.
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