Equities analysts expect that Yirendai Ltd – (NYSE:YRD) will report earnings per share of $0.36 for the current quarter, Zacks reports. Zero analysts have made estimates for Yirendai’s earnings. Yirendai posted earnings of $1.32 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 72.7%. The firm is expected to report its next quarterly earnings results on Monday, March 23rd.
According to Zacks, analysts expect that Yirendai will report full year earnings of $2.72 per share for the current financial year. For the next year, analysts anticipate that the firm will report earnings of $1.14 per share. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Yirendai.
Yirendai (NYSE:YRD) last announced its quarterly earnings results on Thursday, November 14th. The technology company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.14). The firm had revenue of $287.70 million during the quarter, compared to the consensus estimate of $259.41 million. Yirendai had a return on equity of 39.87% and a net margin of 14.45%. The firm’s revenue was up 76.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.35 EPS.
NYSE:YRD traded up $0.05 on Friday, hitting $4.89. The stock had a trading volume of 330,767 shares, compared to its average volume of 397,383. The business’s fifty day moving average is $5.42 and its 200 day moving average is $6.90. The company has a market cap of $415.13 million, a PE ratio of 2.52 and a beta of 2.57. The company has a quick ratio of 3.35, a current ratio of 3.35 and a debt-to-equity ratio of 0.11. Yirendai has a 52 week low of $4.16 and a 52 week high of $17.44.
Hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC lifted its holdings in Yirendai by 2,161.7% during the fourth quarter. Renaissance Technologies LLC now owns 350,565 shares of the technology company’s stock worth $1,946,000 after acquiring an additional 335,065 shares during the period. Millennium Management LLC bought a new stake in Yirendai during the third quarter worth $760,000. Penserra Capital Management LLC lifted its holdings in Yirendai by 165.4% during the fourth quarter. Penserra Capital Management LLC now owns 63,694 shares of the technology company’s stock worth $352,000 after acquiring an additional 39,691 shares during the period. Royal Bank of Canada lifted its holdings in Yirendai by 417.7% during the second quarter. Royal Bank of Canada now owns 47,243 shares of the technology company’s stock worth $650,000 after acquiring an additional 38,118 shares during the period. Finally, BlackRock Inc. lifted its holdings in Yirendai by 17.3% during the second quarter. BlackRock Inc. now owns 242,583 shares of the technology company’s stock worth $3,337,000 after acquiring an additional 35,716 shares during the period. Institutional investors own 5.71% of the company’s stock.
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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