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.
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.
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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