$0.46 EPS Expected for Yirendai Ltd – (YRD) This Quarter

Wall Street analysts expect that Yirendai Ltd – (NYSE:YRD) will announce earnings per share (EPS) of $0.46 for the current quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Yirendai’s earnings. Yirendai posted earnings per share of $1.72 during the same quarter last year, which indicates a negative year-over-year growth rate of 73.3%. The company is scheduled to report its next quarterly earnings results on Thursday, May 23rd.

On average, analysts expect that Yirendai will report full-year earnings of $2.00 per share for the current fiscal year. For the next financial year, analysts anticipate that the business will report earnings of $2.46 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Yirendai.

Yirendai (NYSE:YRD) last released its earnings results on Monday, March 25th. The technology company reported $1.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.81. Yirendai had a return on equity of 38.20% and a net margin of 18.18%. The business had revenue of $184.80 million for the quarter, compared to the consensus estimate of $185.27 million. During the same period in the previous year, the company posted $1.11 earnings per share. The company’s revenue for the quarter was down 34.1% compared to the same quarter last year.

YRD has been the subject of several recent analyst reports. Macquarie cut Yirendai from an “outperform” rating to a “neutral” rating in a research note on Thursday, March 21st. ValuEngine cut Yirendai from a “sell” rating to a “strong sell” rating in a research note on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $35.00.

Yirendai stock traded up $0.48 during mid-day trading on Monday, hitting $13.56. The company had a trading volume of 440,040 shares, compared to its average volume of 283,350. Yirendai has a 12 month low of $9.61 and a 12 month high of $40.62. The company has a market capitalization of $793.59 million, a price-to-earnings ratio of 3.03 and a beta of 3.51.

Hedge funds have recently bought and sold shares of the company. Northern Trust Corp purchased a new stake in Yirendai during the fourth quarter valued at $137,000. Rehmann Capital Advisory Group purchased a new stake in Yirendai during the third quarter valued at $245,000. Virtu Financial LLC purchased a new stake in Yirendai during the fourth quarter valued at $160,000. Barclays PLC increased its position in Yirendai by 782.1% during the fourth quarter. Barclays PLC now owns 33,309 shares of the technology company’s stock valued at $358,000 after acquiring an additional 29,533 shares during the last quarter. Finally, BlackRock Inc. purchased a new stake in Yirendai in the fourth quarter worth about $784,000. Hedge funds and other institutional investors own 10.96% of the company’s stock.

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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