Brokerages expect Changyou (NASDAQ:CYOU) to report earnings per share (EPS) of $0.55 for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Changyou’s earnings. Changyou reported earnings of $1.14 per share in the same quarter last year, which would indicate a negative year over year growth rate of 51.8%. The company is expected to issue its next quarterly earnings report on Monday, July 30th.
According to Zacks, analysts expect that Changyou will report full year earnings of $0.94 per share for the current fiscal year. For the next year, analysts forecast that the business will report earnings of $1.91 per share. Zacks’ EPS averages are an average based on a survey of sell-side analysts that follow Changyou.
Changyou (NASDAQ:CYOU) last released its earnings results on Wednesday, April 25th. The technology company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.06. Changyou had a net margin of 11.01% and a return on equity of 5.07%. The business had revenue of $137.20 million for the quarter, compared to the consensus estimate of $129.09 million. During the same period in the previous year, the firm earned $0.66 EPS. The business’s revenue for the quarter was up 14.4% on a year-over-year basis.
A number of research firms recently commented on CYOU. BidaskClub downgraded shares of Changyou from a “sell” rating to a “strong sell” rating in a report on Saturday. ValuEngine downgraded shares of Changyou from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 2nd. TheStreet downgraded shares of Changyou from a “b-” rating to a “c” rating in a report on Wednesday, April 25th. Credit Suisse Group reiterated an “underperform” rating and issued a $40.30 target price on shares of Changyou in a report on Thursday, April 26th. Finally, Deutsche Bank downgraded shares of Changyou to a “hold” rating and set a $32.00 target price on the stock. in a report on Monday, April 23rd. Five research analysts have rated the stock with a sell rating and three have given a hold rating to the company. Changyou currently has a consensus rating of “Sell” and a consensus price target of $35.86.
Several institutional investors have recently added to or reduced their stakes in CYOU. Allianz Asset Management GmbH purchased a new position in shares of Changyou in the fourth quarter worth approximately $315,000. Point72 Asset Management L.P. purchased a new position in Changyou during the first quarter valued at approximately $351,000. Goldman Sachs Group Inc. grew its position in Changyou by 113.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 12,289 shares of the technology company’s stock valued at $448,000 after purchasing an additional 106,131 shares in the last quarter. HBK Investments L P grew its position in Changyou by 78.8% during the fourth quarter. HBK Investments L P now owns 15,994 shares of the technology company’s stock valued at $583,000 after purchasing an additional 7,049 shares in the last quarter. Finally, Sei Investments Co. grew its position in Changyou by 29.2% during the first quarter. Sei Investments Co. now owns 21,700 shares of the technology company’s stock valued at $605,000 after purchasing an additional 4,900 shares in the last quarter. 30.55% of the stock is currently owned by institutional investors and hedge funds.
Shares of Changyou traded up $0.14, reaching $18.10, during midday trading on Tuesday, according to Marketbeat. The company’s stock had a trading volume of 230,272 shares, compared to its average volume of 269,490. Changyou has a one year low of $17.80 and a one year high of $44.55. The company has a market capitalization of $954.20 million, a P/E ratio of 14.84, a PEG ratio of 1.25 and a beta of 0.87.
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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