Zacks: Brokerages Anticipate Yirendai Ltd – (YRD) Will Post Earnings of $0.58 Per Share

Wall Street analysts expect Yirendai Ltd – (NYSE:YRD) to announce earnings per share (EPS) of $0.58 for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Yirendai’s earnings. Yirendai posted earnings of $0.74 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 21.6%. The business is scheduled to announce its next quarterly earnings results on Tuesday, November 13th.

According to Zacks, analysts expect that Yirendai will report full year earnings of $2.41 per share for the current year. For the next fiscal year, analysts expect that the company will post earnings of $3.14 per share. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Yirendai.

Yirendai (NYSE:YRD) last issued its earnings results on Tuesday, August 28th. The technology company reported $0.50 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.05). Yirendai had a return on equity of 50.11% and a net margin of 19.76%. The business had revenue of $229.60 million during the quarter, compared to the consensus estimate of $231.19 million. During the same period in the prior year, the business earned $4.45 EPS.

A number of equities analysts have issued reports on YRD shares. TheStreet raised shares of Yirendai from a “d” rating to a “c-” rating in a report on Monday, August 20th. ValuEngine cut shares of Yirendai from a “hold” rating to a “sell” rating in a report on Tuesday, June 26th. Zacks Investment Research cut shares of Yirendai from a “hold” rating to a “strong sell” rating in a report on Saturday, June 30th. Morgan Stanley cut shares of Yirendai from an “overweight” rating to an “equal weight” rating in a report on Monday, June 25th. Finally, Needham & Company LLC cut shares of Yirendai from a “buy” rating to a “hold” rating in a report on Wednesday, August 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $47.00.

NYSE YRD traded up $0.60 during trading hours on Friday, reaching $16.10. The company’s stock had a trading volume of 234,441 shares, compared to its average volume of 534,903. Yirendai has a 52 week low of $12.39 and a 52 week high of $53.50. The stock has a market capitalization of $1.12 billion, a P/E ratio of 4.67 and a beta of 4.38.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Global X Management Co LLC raised its holdings in shares of Yirendai by 123.6% during the second quarter. Global X Management Co LLC now owns 151,495 shares of the technology company’s stock valued at $3,215,000 after buying an additional 83,752 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Yirendai during the second quarter valued at approximately $210,000. Raymond James & Associates raised its holdings in shares of Yirendai by 119.5% during the second quarter. Raymond James & Associates now owns 34,227 shares of the technology company’s stock valued at $726,000 after buying an additional 18,635 shares during the last quarter. BB&T Securities LLC bought a new stake in shares of Yirendai during the second quarter valued at approximately $295,000. Finally, Renaissance Technologies LLC bought a new stake in shares of Yirendai during the second quarter valued at approximately $488,000. 9.93% of the stock is currently owned by institutional investors.

Yirendai Company Profile

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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