Yirendai (NYSE:YRD) issued its quarterly earnings results on Wednesday. The technology company reported $4.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $3.08, Fidelity Earnings reports. The company had revenue of $339.51 million during the quarter, compared to the consensus estimate of $282.08 million. Yirendai had a return on equity of 39.87% and a net margin of 14.45%. During the same period last year, the company earned $1.32 earnings per share.
Shares of Yirendai stock opened at $3.61 on Thursday. The company has a quick ratio of 3.35, a current ratio of 3.35 and a debt-to-equity ratio of 0.11. The stock’s fifty day moving average is $4.21 and its two-hundred day moving average is $5.75. Yirendai has a 52 week low of $2.83 and a 52 week high of $17.44. The company has a market capitalization of $335.07 million, a PE ratio of 1.86 and a beta of 2.36.
A number of research firms have weighed in on YRD. Zacks Investment Research upgraded shares of Yirendai from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Morgan Stanley lowered shares of Yirendai from an “equal weight” rating to an “underweight” rating in a report on Tuesday, January 21st. UBS Group cut shares of Yirendai from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $9.20 to $3.70 in a research note on Tuesday, February 4th. ValuEngine downgraded shares of Yirendai from a “hold” rating to a “sell” rating in a report on Tuesday, March 3rd. Finally, Credit Suisse Group lowered shares of Yirendai from a “neutral” rating to an “underperform” rating in a research report on Wednesday, January 22nd. Six research analysts have rated the stock with a sell rating and one has issued a hold rating to the company. The company presently has an average rating of “Sell” and a consensus target price of $7.54.
Yirendai Company Profile
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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