Brokers forecast Yandex (NASDAQ: YNDX) to post earnings per share of $ 0.39
Stock analysts expect Yandex (NASDAQ: YNDX) to post earnings per share (EPS) of $ 0.39 for the current fiscal quarter, reports Zacks Investment Research. No analyst has provided estimates for Yandex’s earnings. Yandex reported earnings per share of $ 0.09 in the same quarter last year, suggesting a positive year-over-year growth rate of 333.3%. The company is expected to release its next quarterly earnings report on Tuesday, July 27.
According to Zacks, analysts expect Yandex to report annual profit of $ 0.96 per share for the current year, with EPS estimates ranging from $ 0.94 to $ 0.97. For next year, analysts predict the company will post earnings of $ 1.56 per share, with EPS estimates ranging from $ 1.40 to $ 1.72. Zacks’ EPS calculations are an average based on a survey of research firms that cover Yandex.
Yandex (NASDAQ: YNDX) last reported its quarterly results on Tuesday, February 16. The news service provider reported earnings per share (EPS) of $ 0.23 for the quarter, beating the Zacks’ consensus estimate of ($ 0.04) by $ 0.27. Yandex had a net margin of 4.24% and a return on equity of 8.62%. The company reported sales of $ 969.20 million in the quarter.
YNDX has been the subject of several recent research reports. Morgan Stanley upgraded Yandex shares from a “peer-to-peer” rating to an “overweight” rating and set a price target of $ 75.00 on the stock in a research note on Monday, March 8. New Street Research began covering Yandex shares in a research report on Tuesday, April 13. They set a “buy” rating and a price target of $ 81.00 on the stock. Renaissance Capital raised Yandex shares from a “hold” rating to a “buy” rating and set a price target of $ 77.00 on the stock in a report on Tuesday, February 9. Finally, TheStreet downgraded Yandex shares from a “b” rating to a “c +” rating in a Friday February 19 report. Three investment analysts rated the stock with a sustaining rating and eight gave the company’s stock a buy rating. Yandex has an average rating of “Buy” and a consensus target price of $ 70.63.
Hedge funds have recently changed their positions in the company. Arkadios Wealth Advisors increased its stakes in Yandex by 117.3% in the first quarter. Arkadios Wealth Advisors now owns 641 shares of the information service provider valued at $ 41,000 after purchasing 346 additional shares during the period. Huntington National Bank increased its holdings of Yandex shares by 37.0% in the fourth quarter. Huntington National Bank now owns 740 shares of the information service provider valued at $ 51,000 after purchasing an additional 200 shares in the last quarter. Dimension Capital Management LLC acquired a new stake in shares of Yandex in the third quarter valued at approximately $ 54,000. Sowell Financial Services LLC increased its holdings of Yandex shares by 36.3% in the fourth quarter. Sowell Financial Services LLC now owns 1,146 shares of the information service provider valued at $ 80,000 after purchasing 305 additional shares in the last quarter. Finally, Trexquant Investment LP acquired a new stake in Yandex shares in the fourth quarter valued at approximately $ 215,000. Hedge funds and other institutional investors hold 76.52% of the company’s shares.
NASDAQ YNDX opened at $ 65.55 on Friday. The company has a market cap of $ 23.22 billion, a price / earnings ratio of 192.79, a price / earnings-growth ratio of 4.05, and a beta of 1.62. The company’s fifty-day moving average price is $ 63.87 and its two hundred-day moving average price is $ 65.26. Yandex has a 12 month low of $ 36.63 and a 12 month high of $ 74.32. The company has a debt to equity ratio of 0.26, a current ratio of 6.68, and a quick ratio of 6.68.
Yandex Company Profile
Yandex NV, an Internet and technology company, provides Internet search engines in Russia and abroad. It offers geolocation services, such as Yandex.Maps, Yandex.Navigator, Yandex.Auto and Yandex.Routing; Yandex.Mail services; Yandex.Disk, a cloud-based storage service; Yandex.Telemost, a videoconferencing service; Yandex.Calendar and and Yandex.Notes offer correspondence, time tracking, document management and conferencing services; Yandex.News, an online news aggregation service; Yandex.Weather hyperlocal weather information services; Yandex browser for desktops and mobile platforms; and Yandex search applications.
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