Brokerages expect Changyou.Com Ltd (NASDAQ:CYOU) to post $0.40 earnings per share for the current quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Changyou.Com’s earnings. Changyou.Com reported earnings per share of ($0.30) in the same quarter last year, which would suggest a positive year-over-year growth rate of 233.3%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, April 24th.

According to Zacks, analysts expect that Changyou.Com will report full year earnings of $1.92 per share for the current year, with EPS estimates ranging from $1.51 to $2.33. For the next year, analysts anticipate that the business will post earnings of $1.51 per share. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Changyou.Com.

Changyou.Com (NASDAQ:CYOU) last posted its quarterly earnings results on Friday, February 1st. The technology company reported $0.21 EPS for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.30). The company had revenue of $117.80 million during the quarter, compared to the consensus estimate of $116.25 million. Changyou.Com had a return on equity of 7.86% and a net margin of 17.36%. The company’s revenue for the quarter was down 18.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.64 earnings per share.

A number of research analysts have recently commented on CYOU shares. Zacks Investment Research cut shares of Changyou.Com from a “buy” rating to a “hold” rating in a report on Thursday, February 14th. ValuEngine raised shares of Changyou.Com from a “sell” rating to a “hold” rating in a research note on Friday, February 22nd. Finally, BidaskClub cut shares of Changyou.Com from a “sell” rating to a “strong sell” rating in a research note on Tuesday, April 9th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $30.43.

Hedge funds have recently made changes to their positions in the business. Segantii Capital Management Ltd purchased a new stake in Changyou.Com in the first quarter valued at approximately $62,000. Citigroup Inc. bought a new position in Changyou.Com during the fourth quarter valued at about $121,000. Wells Fargo & Company MN increased its stake in Changyou.Com by 265.1% during the third quarter. Wells Fargo & Company MN now owns 12,998 shares of the technology company’s stock valued at $172,000 after acquiring an additional 9,438 shares during the period. Granite Point Capital Management L.P. bought a new position in Changyou.Com during the fourth quarter valued at about $184,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in Changyou.Com during the third quarter valued at about $246,000. Institutional investors own 27.64% of the company’s stock.

Shares of NASDAQ CYOU traded down $0.65 during mid-day trading on Wednesday, reaching $15.97. The company had a trading volume of 1,649 shares, compared to its average volume of 89,639. The stock has a market cap of $876.73 million, a PE ratio of 10.14, a PEG ratio of 0.50 and a beta of 0.69. Changyou.Com has a 52 week low of $12.68 and a 52 week high of $31.36.

Changyou.Com Company Profile

Changyou.com Limited develops and operates online games in the People's Republic of China. The company operates through Online Game, Platform Channel, and Others segments. It develops, operates, and licenses online games, including interactive online games that are accessed and played simultaneously by various game players through personal computers; and mobile games played on mobile devices.

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