HUYA (NYSE:HUYA) Posts Quarterly Earnings Results, Beats Expectations By $0.68 EPS
HUYA (NYSE:HUYA) announced its quarterly earnings results on Tuesday. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.68, Briefing.com reports. HUYA had a negative net margin of 35.91% and a positive return on equity of 4.60%. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same period in the previous year, the firm posted $0.37 EPS. The firm’s revenue was up 93.6% on a year-over-year basis.
Shares of NYSE HUYA traded up $0.12 during midday trading on Wednesday, reaching $21.45. The stock had a trading volume of 133,876 shares, compared to its average volume of 3,161,624. The company has a market cap of $4.22 billion, a price-to-earnings ratio of 217.10 and a beta of 2.13. HUYA has a twelve month low of $14.44 and a twelve month high of $30.66. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.22 and a current ratio of 4.22. The firm has a 50 day simple moving average of $23.02.
A number of equities research analysts have weighed in on HUYA shares. UBS Group raised shares of HUYA from a “neutral” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Wednesday, May 8th. 86 Research raised shares of HUYA from a “hold” rating to a “buy” rating and set a $25.65 target price on the stock in a report on Tuesday, July 2nd. Daiwa Capital Markets raised shares of HUYA from a “neutral” rating to an “outperform” rating and set a $30.00 target price on the stock in a report on Monday, July 8th. Tigress Financial started coverage on shares of HUYA in a report on Friday, April 26th. They set a “buy” rating on the stock. Finally, JPMorgan Chase & Co. raised shares of HUYA from a “neutral” rating to an “overweight” rating and reduced their target price for the stock from $28.00 to $26.00 in a report on Tuesday, May 28th. Twelve equities research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus price target of $28.15.
HUYA Inc, through its subsidiaries, operates game live streaming platforms in the People's Republic of China. Its platforms enable broadcasters and viewers to interact during live streaming. The company also provides advertising and online game-related services. As of December 31, 2017, its live streaming content covered approximately 2,600 games, including mobile, PC, and console games.
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