Wall Street analysts expect YY Inc (NASDAQ:YY) to post earnings per share (EPS) of $1.29 for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for YY’s earnings. YY reported earnings per share of $1.72 during the same quarter last year, which would suggest a negative year over year growth rate of 25%. The company is scheduled to announce its next quarterly earnings results after the market closes on Tuesday, June 4th.

According to Zacks, analysts expect that YY will report full-year earnings of $6.05 per share for the current fiscal year. For the next fiscal year, analysts anticipate that the firm will report earnings of $6.45 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for YY.

YY (NASDAQ:YY) last released its quarterly earnings results on Monday, March 4th. The information services provider reported $1.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.86 by $0.01. YY had a net margin of 12.76% and a return on equity of 17.52%. The business had revenue of $674.99 million for the quarter, compared to the consensus estimate of $641.65 million.

Several equities research analysts recently weighed in on YY shares. ValuEngine raised shares of YY from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 16th. BidaskClub raised shares of YY from a “hold” rating to a “buy” rating in a research report on Saturday, January 19th. UBS Group cut shares of YY from a “buy” rating to a “neutral” rating and set a $77.00 price objective for the company. in a research report on Wednesday, January 23rd. Nomura reaffirmed a “neutral” rating and set a $74.00 price objective (down previously from $75.00) on shares of YY in a research report on Tuesday, January 29th. Finally, Zacks Investment Research raised shares of YY from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a research report on Saturday, February 16th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $93.67.

YY opened at $67.27 on Monday. YY has a twelve month low of $55.55 and a twelve month high of $125.84. The stock has a market cap of $4.22 billion, a P/E ratio of 9.43, a PEG ratio of 0.57 and a beta of 1.18.

Several hedge funds have recently bought and sold shares of YY. Morgan Stanley lifted its holdings in shares of YY by 89.6% in the first quarter. Morgan Stanley now owns 3,040,350 shares of the information services provider’s stock worth $255,420,000 after acquiring an additional 1,436,939 shares during the last quarter. Greenwoods Asset Management Ltd lifted its holdings in shares of YY by 80.0% in the first quarter. Greenwoods Asset Management Ltd now owns 1,977,179 shares of the information services provider’s stock worth $166,103,000 after acquiring an additional 878,685 shares during the last quarter. Norges Bank bought a new position in shares of YY in the fourth quarter worth about $30,070,000. Prudential PLC lifted its holdings in shares of YY by 122.2% in the fourth quarter. Prudential PLC now owns 709,411 shares of the information services provider’s stock worth $42,465,000 after acquiring an additional 390,124 shares during the last quarter. Finally, Bank of Montreal Can lifted its holdings in shares of YY by 2,453.3% in the first quarter. Bank of Montreal Can now owns 290,773 shares of the information services provider’s stock worth $24,428,000 after acquiring an additional 279,385 shares during the last quarter. 59.65% of the stock is owned by hedge funds and other institutional investors.

YY Company Profile

YY Inc, through its subsidiaries, engages in the live streaming business in the People's Republic of China. The company operates YY Live platform, an online music and entertainment live streaming service; Huya platform, a live streaming platform, including online games, console games, mobile games, entertainments, sports, etc.; and Bigo, a leading short-form video social platform.

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