Yahoo Inc. (YHOO) Set to Announce Quarterly Earnings on Tuesday
Yahoo Inc. (NASDAQ:YHOO) is set to issue its quarterly earnings data after the market closes on Tuesday, October 18th. Analysts expect the company to announce earnings of $0.14 per share for the quarter.
Yahoo (NASDAQ:YHOO) last posted its quarterly earnings data on Monday, July 18th. The digital content provider reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by $0.01. The company earned $842 million during the quarter, compared to analyst estimates of $1.08 billion. Yahoo had a negative net margin of 100.08% and a positive return on equity of 0.32%. The business’s revenue for the quarter was down 19.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.16 earnings per share. On average, analysts expect Yahoo to post $0.49 EPS for the current fiscal year and $0.57 EPS for the next fiscal year.
Shares of Yahoo Inc. (NASDAQ:YHOO) opened at 41.44 on Friday. The firm’s market capitalization is $39.44 billion. Yahoo Inc. has a 12-month low of $26.15 and a 12-month high of $44.92. The company has a 50-day moving average price of $43.17 and a 200-day moving average price of $39.18.
YHOO has been the subject of a number of recent research reports. Susquehanna reiterated a “positive” rating and issued a $44.00 price objective on shares of Yahoo in a research note on Wednesday, June 22nd. Vetr lowered shares of Yahoo from a “strong-buy” rating to a “buy” rating and set a $41.87 price target for the company. in a research report on Monday, July 4th. Needham & Company LLC restated a “buy” rating and set a $40.00 price target on shares of Yahoo in a research report on Tuesday, July 5th. SunTrust Banks Inc. restated a “buy” rating and set a $44.00 price target (up from $42.00) on shares of Yahoo in a research report on Wednesday, July 6th. Finally, Cantor Fitzgerald restated a “buy” rating on shares of Yahoo in a research report on Saturday, July 9th. Two investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and seventeen have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $40.67.
In related news, CRO Lisa Utzschneider sold 683 shares of Yahoo stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $42.28, for a total transaction of $28,877.24. Following the completion of the sale, the executive now owns 609,672 shares in the company, valued at approximately $25,776,932.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 9.20% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. MCF Advisors LLC increased its position in Yahoo by 77.2% in the second quarter. MCF Advisors LLC now owns 3,993 shares of the digital content provider’s stock worth $150,000 after buying an additional 1,740 shares during the period. Picton Mahoney Asset Management acquired a new position in Yahoo during the second quarter worth approximately $199,000. Reliance Trust Co. of Delaware acquired a new position in Yahoo during the second quarter worth approximately $226,000. Stratos Wealth Partners LTD. increased its position in Yahoo by 0.8% in the second quarter. Stratos Wealth Partners LTD. now owns 10,504 shares of the digital content provider’s stock worth $395,000 after buying an additional 85 shares during the period. Finally, Wetherby Asset Management Inc. increased its position in Yahoo by 2.3% in the second quarter. Wetherby Asset Management Inc. now owns 12,234 shares of the digital content provider’s stock worth $460,000 after buying an additional 277 shares during the period. Institutional investors own 73.66% of the company’s stock.
Yahoo Company Profile
Yahoo! Inc (Yahoo), along with its subsidiaries, is engaged in digital information discovery. The Company’s segments include the Americas; Europe, Middle East and Africa (EMEA), and Asia Pacific. The Company focuses on informing, connecting and entertaining its users with its search (Yahoo search), communications, including Yahoo Mail and Yahoo Messenger, and digital content products, including Tumblr, and its four verticals, such as Yahoo News, Yahoo Sports, Yahoo Finance and Yahoo Lifestyle.
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