Yirendai (YRD) to Release Earnings on Thursday

Yirendai (NYSE:YRD) is set to post its quarterly earnings results after the market closes on Thursday, November 14th.

Yirendai (NYSE:YRD) last released its quarterly earnings results on Tuesday, September 3rd. The technology company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.24). Yirendai had a return on equity of 32.93% and a net margin of 15.30%. The firm had revenue of $322.89 million for the quarter.

Shares of YRD stock traded down $0.03 during trading hours on Tuesday, reaching $6.30. 444 shares of the stock were exchanged, compared to its average volume of 132,327. Yirendai has a 12-month low of $6.04 and a 12-month high of $17.77. The company has a current ratio of 3.84, a quick ratio of 3.84 and a debt-to-equity ratio of 0.13. The company’s 50-day moving average price is $6.88 and its 200-day moving average price is $11.26. The firm has a market capitalization of $396.45 million, a price-to-earnings ratio of 1.40 and a beta of 2.66.

A number of equities analysts recently commented on the stock. Zacks Investment Research cut shares of Yirendai from a “buy” rating to a “hold” rating in a research note on Sunday, September 8th. ValuEngine raised shares of Yirendai from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Citigroup cut shares of Yirendai from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $13.90 to $6.10 in a research note on Thursday, October 3rd. Macquarie cut shares of Yirendai from a “neutral” rating to an “underperform” rating and set a $6.00 price target for the company. in a research note on Wednesday, September 4th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a $6.92 price target on shares of Yirendai in a research note on Wednesday, October 9th. Three equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. Yirendai presently has a consensus rating of “Sell” and a consensus target price of $8.51.

About Yirendai

Yirendai Ltd. operates as an online consumer finance marketplace that connects borrowers and investors primarily in the People's Republic of China. It offers standard loan products; and fasttrack loan products through mobile applications. The company also provides investing tools. The company was founded in 2012 and is based in Beijing, the People's Republic of China.

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Earnings History for Yirendai (NYSE:YRD)

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