Yandex (NASDAQ:YNDX) posted its quarterly earnings results on Monday. The information services provider reported $0.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.01, Yahoo Finance reports. The company had revenue of $496.60 million for the quarter. Yandex had a return on equity of 13.39% and a net margin of 37.72%. The business’s revenue for the quarter was up 39.0% compared to the same quarter last year. During the same period last year, the company earned $7.16 EPS. Yandex updated its FY 2018 guidance to EPS.
Shares of YNDX traded up $2.57 during trading hours on Wednesday, reaching $30.13. The stock had a trading volume of 6,889,125 shares, compared to its average volume of 7,097,092. Yandex has a 52 week low of $24.90 and a 52 week high of $44.49. The stock has a market cap of $8.95 billion, a P/E ratio of 37.20 and a beta of 2.54.
A number of research firms have recently weighed in on YNDX. UBS Group set a $43.00 price target on Yandex and gave the company a “buy” rating in a research note on Wednesday. ValuEngine downgraded Yandex from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. Zacks Investment Research downgraded Yandex from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. BidaskClub downgraded Yandex from a “buy” rating to a “hold” rating in a research note on Tuesday, July 31st. Finally, Deutsche Bank cut their price target on Yandex from $42.00 to $41.00 and set a “buy” rating on the stock in a research note on Tuesday. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $42.00.
Yandex N.V., an Internet and technology company, operates an Internet search engine in Russia and internationally. The company offers search, location-based, personalized, and mobile services that enable users to find information, and communicate and connect over the Internet from desktops and mobile devices.
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