Changyou (CYOU) Updates Q2 Earnings Guidance

Changyou (NASDAQ:CYOU) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.38-0.47 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.65. The company issued revenue guidance of $110-120 million, compared to the consensus revenue estimate of $120.00 million.

NASDAQ:CYOU opened at $28.45 on Wednesday. The company has a market cap of $1,566.25, a P/E ratio of 14.12, a PEG ratio of 0.76 and a beta of 0.87. Changyou has a 1-year low of $26.93 and a 1-year high of $44.55.

Changyou (NASDAQ:CYOU) last released its quarterly earnings results on Monday, January 29th. The technology company reported $0.64 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.17). The firm had revenue of $144.50 million for the quarter, compared to analyst estimates of $149.95 million. Changyou had a return on equity of 8.64% and a net margin of 18.76%. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.75 earnings per share. analysts predict that Changyou will post 2.54 earnings per share for the current year.

The company also recently declared a special dividend, which will be paid on Thursday, April 26th. Investors of record on Friday, April 20th will be issued a dividend of $9.40 per share. The ex-dividend date is Thursday, April 19th.

CYOU has been the subject of several research reports. Morgan Stanley initiated coverage on Changyou in a report on Wednesday, March 28th. They set a sell rating and a $28.00 price target for the company. ValuEngine raised Changyou from a buy rating to a strong-buy rating in a report on Sunday, December 31st. BidaskClub raised Changyou from a strong sell rating to a sell rating in a report on Saturday, March 24th. Zacks Investment Research raised Changyou from a strong sell rating to a hold rating in a report on Tuesday, April 3rd. Finally, Deutsche Bank cut Changyou to a hold rating and set a $32.00 price target for the company. in a report on Monday. Three equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $35.86.

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Changyou Company Profile

Changyou.com Limited develops and operates online games in the People's Republic of China. The company operates through Online Game, Platform Channel, and Others segments. It develops, operates, and licenses online games, including interactive online games that are accessed and played simultaneously by various game players through personal computers; and mobile games played on mobile devices.

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