HUYA (NYSE:HUYA) Releases Earnings Results
HUYA (NYSE:HUYA) announced its earnings results on Tuesday. The company reported $0.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.81, Briefing.com reports. HUYA had a net margin of 5.31% and a return on equity of 5.53%. The company had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the previous year, the firm posted $0.55 earnings per share. The company’s revenue was up 77.4% on a year-over-year basis.
Shares of HUYA traded down $1.03 on Thursday, reaching $23.15. 39,604 shares of the company’s stock were exchanged, compared to its average volume of 2,240,090. The company has a current ratio of 4.83, a quick ratio of 4.83 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $5.53 billion, a P/E ratio of 232.00 and a beta of 1.95. The business has a 50 day moving average price of $23.14 and a two-hundred day moving average price of $23.12. HUYA has a 12 month low of $14.44 and a 12 month high of $30.00.
A number of equities analysts have weighed in on the stock. Zacks Investment Research raised shares of HUYA from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Thursday, October 24th. ValuEngine downgraded shares of HUYA from a “buy” rating to a “hold” rating in a research note on Tuesday, September 17th. HSBC assumed coverage on shares of HUYA in a research note on Monday, September 16th. They issued a “buy” rating for the company. Jefferies Financial Group assumed coverage on shares of HUYA in a research note on Monday, August 5th. They issued a “buy” rating and a $26.80 target price for the company. Finally, TheStreet downgraded shares of HUYA from a “c-” rating to a “d+” rating in a research note on Tuesday. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $27.27.
HUYA Inc, through its subsidiaries, operates game live streaming platforms in the People's Republic of China. Its platforms enable broadcasters and viewers to interact during live streaming. The company also provides advertising and online game-related services. As of December 31, 2017, its live streaming content covered approximately 2,600 games, including mobile, PC, and console games.
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