Yandex (YNDX) Issues Earnings Results, Beats Expectations By $16.12 EPS

Yandex (NASDAQ:YNDX) announced its quarterly earnings data on Thursday. The information services provider reported $16.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $16.12, Briefing.com reports. Yandex had a net margin of 37.60% and a return on equity of 11.41%. The company had revenue of $37.28 billion during the quarter, compared to analyst estimates of $36.03 billion. During the same quarter last year, the business posted $11.96 EPS. The firm’s revenue for the quarter was up 40.3% on a year-over-year basis. Yandex updated its FY 2019 guidance to EPS.

NASDAQ YNDX traded down $0.43 during trading on Friday, reaching $36.69. 1,862,038 shares of the company’s stock traded hands, compared to its average volume of 2,630,082. The company has a market capitalization of $12.04 billion, a price-to-earnings ratio of 38.62 and a beta of 2.18. Yandex has a 12-month low of $24.90 and a 12-month high of $39.70.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Confluence Investment Management LLC grew its position in shares of Yandex by 2.6% in the 1st quarter. Confluence Investment Management LLC now owns 10,755 shares of the information services provider’s stock worth $369,000 after buying an additional 270 shares during the last quarter. Howland Capital Management LLC grew its position in shares of Yandex by 0.3% in the 4th quarter. Howland Capital Management LLC now owns 256,500 shares of the information services provider’s stock worth $7,015,000 after buying an additional 700 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in shares of Yandex by 5.8% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 18,840 shares of the information services provider’s stock worth $515,000 after buying an additional 1,040 shares during the last quarter. Enlightenment Research LLC purchased a new position in shares of Yandex in the 4th quarter worth approximately $30,000. Finally, Henry James International Management Inc. grew its position in shares of Yandex by 13.7% in the 4th quarter. Henry James International Management Inc. now owns 10,292 shares of the information services provider’s stock worth $281,000 after buying an additional 1,242 shares during the last quarter. 64.89% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages recently weighed in on YNDX. Deutsche Bank lifted their price objective on shares of Yandex from $41.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. HSBC set a $44.00 price objective on shares of Yandex and gave the company a “buy” rating in a report on Tuesday. Zacks Investment Research lowered shares of Yandex from a “hold” rating to a “sell” rating in a report on Monday, January 7th. BidaskClub lowered shares of Yandex from a “strong-buy” rating to a “buy” rating in a report on Friday, April 19th. Finally, Bank of America set a $47.00 price objective on shares of Yandex and gave the company a “buy” rating in a report on Tuesday, March 19th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $43.50.

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About Yandex

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.

Further Reading: What does EPS mean?

Earnings History for Yandex (NASDAQ:YNDX)

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