Yirendai Ltd – (YRD) Scheduled to Post Quarterly Earnings on Tuesday
Yirendai Ltd – (NYSE:YRD) will be announcing its Q316 earnings results on Tuesday, November 15th. Analysts expect the company to announce earnings of $0.19 per share and revenue of $125.85 million for the quarter.
Shares of Yirendai Ltd – (NYSE:YRD) opened at 29.43 on Monday. The stock has a market cap of $1.72 billion and a PE ratio of 18.87. Yirendai Ltd – has a 12-month low of $3.35 and a 12-month high of $42.34. The firm has a 50-day moving average price of $27.22 and a 200 day moving average price of $21.04.
An institutional investor recently raised its position in Yirendai Ltd – stock. Morgan Stanley increased its stake in Yirendai Ltd – (NYSE:YRD) by 12.9% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 192,763 shares of the company’s stock after buying an additional 22,076 shares during the period. Morgan Stanley owned about 0.33% of Yirendai Ltd – worth $4,565,000 as of its most recent SEC filing.
YRD has been the topic of several research reports. Nomura cut Yirendai Ltd – from a “neutral” rating to a “reduce” rating in a report on Wednesday, August 10th. Needham & Company LLC boosted their price objective on Yirendai Ltd – from $14.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, August 11th. Finally, Zacks Investment Research raised Yirendai Ltd – from a “hold” rating to a “strong-buy” rating and set a $28.00 price objective on the stock in a research note on Thursday, September 1st.
Yirendai Ltd – Company Profile
Yirendai Ltd. is engaged in online consumer finance marketplace business in China. The Company conducts its business in China, through Yi Ren Heng Ye Technology Development (Beijing) Co, Ltd. (Heng Ye) and its consolidated variable interest entity, Heng Cheng Technology Development (Beijing) Co, Ltd.
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