Zacks: Analysts Anticipate Yandex (NASDAQ:YNDX) Will Announce Earnings of $0.39 Per Share

Wall Street brokerages forecast that Yandex (NASDAQ:YNDX) will post $0.39 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have made estimates for Yandex’s earnings. Yandex reported earnings per share of $0.09 in the same quarter last year, which indicates a positive year-over-year growth rate of 333.3%. The business is scheduled to announce its next quarterly earnings report before the market opens on Wednesday, July 28th.

On average, analysts expect that Yandex will report full year earnings of $0.89 per share for the current year, with EPS estimates ranging from $0.80 to $0.97. For the next financial year, analysts anticipate that the business will post earnings of $1.65 per share, with EPS estimates ranging from $1.56 to $1.73. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Yandex.

Yandex (NASDAQ:YNDX) last announced its quarterly earnings data on Wednesday, April 28th. The information services provider reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.25). The firm had revenue of $966.10 million during the quarter. Yandex had a net margin of 5.79% and a return on equity of 5.32%.

Several research firms have recently commented on YNDX. New Street Research began coverage on Yandex in a report on Tuesday, April 6th. They set a “buy” rating and a $81.00 price target on the stock. Zacks Investment Research upgraded Yandex from a “strong sell” rating to a “hold” rating and set a $74.00 price target on the stock in a report on Tuesday, June 15th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Yandex currently has an average rating of “Buy” and an average target price of $71.75.

YNDX stock traded down $0.07 during midday trading on Friday, reaching $69.73. The stock had a trading volume of 10,803 shares, compared to its average volume of 767,053. Yandex has a 52-week low of $54.74 and a 52-week high of $74.32. The company has a current ratio of 3.48, a quick ratio of 3.40 and a debt-to-equity ratio of 0.25. The firm has a fifty day moving average price of $68.51. The stock has a market cap of $24.70 billion, a P/E ratio of 134.54, a price-to-earnings-growth ratio of 2.25 and a beta of 1.33.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Portland Hill Asset Management Ltd grew its position in Yandex by 2.0% in the 2nd quarter. Portland Hill Asset Management Ltd now owns 29,861 shares of the information services provider’s stock valued at $2,112,000 after acquiring an additional 576 shares in the last quarter. Eagle Global Advisors LLC boosted its stake in shares of Yandex by 13.1% in the 2nd quarter. Eagle Global Advisors LLC now owns 101,860 shares of the information services provider’s stock valued at $7,207,000 after buying an additional 11,760 shares during the period. Geneos Wealth Management Inc. purchased a new position in shares of Yandex in the 1st quarter valued at about $299,000. Principal Financial Group Inc. boosted its stake in shares of Yandex by 11.7% in the 1st quarter. Principal Financial Group Inc. now owns 15,922 shares of the information services provider’s stock valued at $1,020,000 after buying an additional 1,672 shares during the period. Finally, Virtu Financial LLC purchased a new position in shares of Yandex in the 1st quarter valued at about $220,000. 66.18% of the stock is owned by institutional investors.

About Yandex

Yandex N.V., an internet and technology company, provides internet search engine in Russia and internationally. It offers geolocation services, such as Yandex.Maps, Yandex.Navigator, Yandex.Auto, and Yandex.Routing; Yandex.Mail services; Yandex.Disk, a cloud-based storage service; Yandex.Telemost, a video conferencing service; Yandex.Calendar and and Yandex.Notes offers correspondence, time tracking, document management, and conferencing services; Yandex.News, an online news aggregation service; Yandex.Weather hyperlocal weather information services; Yandex Browser for desktops and mobile platforms; and Yandex Search Apps.

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