Wall Street brokerages expect that YY Inc (NASDAQ:YY) will announce $0.60 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for YY’s earnings. The lowest EPS estimate is $0.58 and the highest is $0.61. YY posted earnings per share of $1.38 during the same quarter last year, which suggests a negative year-over-year growth rate of 56.5%. The firm is expected to issue its next quarterly earnings results after the market closes on Wednesday, May 20th.

On average, analysts expect that YY will report full year earnings of $3.50 per share for the current financial year, with EPS estimates ranging from $3.26 to $3.90. For the next financial year, analysts forecast that the firm will post earnings of $5.40 per share, with EPS estimates ranging from $4.70 to $5.81. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover YY.

YY (NASDAQ:YY) last issued its quarterly earnings data on Monday, March 16th. The information services provider reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.15. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.07 billion. YY had a return on equity of 6.24% and a net margin of 13.64%. YY’s quarterly revenue was up 64.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.87 EPS.

YY has been the topic of a number of analyst reports. Tigress Financial reiterated a “buy” rating on shares of YY in a research report on Monday, April 20th. ValuEngine lowered YY from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Zacks Investment Research upgraded YY from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Sunday, May 10th. BidaskClub lowered YY from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 6th. Finally, Nomura Securities reiterated a “buy” rating and issued a $65.00 price target on shares of YY in a research report on Wednesday, March 18th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. YY presently has an average rating of “Buy” and a consensus target price of $75.82.

NASDAQ YY opened at $54.85 on Thursday. The business’s 50-day moving average price is $56.60 and its two-hundred day moving average price is $58.28. YY has a 12 month low of $41.33 and a 12 month high of $79.90. The firm has a market capitalization of $4.13 billion, a PE ratio of 7.79, a price-to-earnings-growth ratio of 11.13 and a beta of 1.20. The company has a current ratio of 3.77, a quick ratio of 3.77 and a debt-to-equity ratio of 0.13.

A number of hedge funds have recently bought and sold shares of the stock. Capital World Investors raised its stake in YY by 20.9% during the 1st quarter. Capital World Investors now owns 2,628,706 shares of the information services provider’s stock worth $140,005,000 after buying an additional 455,182 shares during the period. State Street Corp raised its stake in shares of YY by 8.9% in the third quarter. State Street Corp now owns 1,183,527 shares of the information services provider’s stock worth $66,550,000 after purchasing an additional 96,509 shares during the last quarter. TB Alternative Assets Ltd. raised its stake in shares of YY by 35.4% in the first quarter. TB Alternative Assets Ltd. now owns 1,056,857 shares of the information services provider’s stock worth $56,288,000 after purchasing an additional 276,137 shares during the last quarter. Todd Asset Management LLC raised its stake in shares of YY by 0.4% in the first quarter. Todd Asset Management LLC now owns 222,938 shares of the information services provider’s stock worth $11,874,000 after purchasing an additional 799 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. raised its stake in shares of YY by 56.6% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 194,402 shares of the information services provider’s stock worth $16,332,000 after purchasing an additional 70,293 shares during the last quarter. 49.22% of the stock is currently owned by institutional investors and hedge funds.

YY Company Profile

YY Inc, through its subsidiaries, engages in the live streaming business in the People's Republic of China. The company operates YY Live platform, an online music and entertainment live streaming service; Huya platform, a live streaming platform, including online games, console games, mobile games, entertainments, sports, etc.; and Bigo, a leading short-form video social platform.

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