Brokerages Expect Yirendai Ltd – (NYSE:YRD) to Post $0.36 EPS

Analysts expect that Yirendai Ltd – (NYSE:YRD) will post earnings per share (EPS) of $0.36 for the current quarter, according to Zacks. Zero analysts have provided estimates for Yirendai’s earnings. Yirendai reported earnings of $1.32 per share during the same quarter last year, which suggests a negative year over year growth rate of 72.7%. The business is expected to report its next quarterly earnings report on Monday, March 23rd.

According to Zacks, analysts expect that Yirendai will report full-year earnings of $2.72 per share for the current financial year. For the next financial year, analysts expect that the company will post earnings of $1.14 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for Yirendai.

Yirendai (NYSE:YRD) last released its quarterly earnings results on Thursday, November 14th. The technology company reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.14). Yirendai had a return on equity of 39.87% and a net margin of 14.45%. The firm had revenue of $287.70 million during the quarter, compared to analysts’ expectations of $259.41 million. During the same period in the prior year, the firm posted $0.35 earnings per share. Yirendai’s revenue for the quarter was up 76.3% compared to the same quarter last year.

Several research firms have issued reports on YRD. Credit Suisse Group lowered shares of Yirendai from a “neutral” rating to an “underperform” rating in a report on Wednesday, January 22nd. Morgan Stanley lowered shares of Yirendai from an “equal weight” rating to an “underweight” rating in a report on Tuesday, January 21st. UBS Group lowered shares of Yirendai from a “neutral” rating to a “sell” rating and cut their price target for the stock from $9.20 to $3.70 in a report on Tuesday, February 4th. Finally, ValuEngine upgraded shares of Yirendai from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. Five equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. Yirendai presently has a consensus rating of “Sell” and an average price target of $7.54.

NYSE YRD traded up $0.05 on Friday, hitting $4.89. The stock had a trading volume of 330,767 shares, compared to its average volume of 397,383. The business’s fifty day moving average price is $5.42 and its 200 day moving average price is $6.90. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.35 and a quick ratio of 3.35. Yirendai has a 52-week low of $4.16 and a 52-week high of $17.44. The stock has a market cap of $415.13 million, a price-to-earnings ratio of 2.52 and a beta of 2.57.

Large investors have recently bought and sold shares of the company. Stevens Capital Management LP acquired a new stake in shares of Yirendai during the fourth quarter worth $59,000. Northern Trust Corp lifted its position in Yirendai by 17.1% during the second quarter. Northern Trust Corp now owns 15,239 shares of the technology company’s stock valued at $210,000 after purchasing an additional 2,228 shares during the period. Squarepoint Ops LLC acquired a new position in Yirendai during the third quarter valued at $125,000. Sei Investments Co. acquired a new position in Yirendai during the fourth quarter valued at $117,000. Finally, State Street Corp lifted its position in Yirendai by 7.4% during the third quarter. State Street Corp now owns 46,127 shares of the technology company’s stock valued at $324,000 after purchasing an additional 3,176 shares during the period. Institutional investors and hedge funds own 5.71% of the company’s stock.

About Yirendai

Yirendai Ltd. operates as an online consumer finance marketplace that connects borrowers and investors primarily in the People's Republic of China. It offers standard loan products; and fasttrack loan products through mobile applications. The company also provides investing tools. The company was founded in 2012 and is based in Beijing, the People's Republic of China.

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