Yandex (NASDAQ:YNDX) announced its quarterly earnings results on Monday. The information services provider reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.01, Yahoo Finance reports. The business had revenue of $496.60 million for the quarter. Yandex had a return on equity of 13.39% and a net margin of 37.72%. The company’s revenue for the quarter was up 39.0% on a year-over-year basis. During the same period last year, the business posted $7.16 EPS. Yandex updated its FY 2018 guidance to EPS.
Shares of YNDX traded up $2.24 during midday trading on Wednesday, reaching $29.80. The stock had a trading volume of 4,397,396 shares, compared to its average volume of 7,097,092. Yandex has a 52 week low of $24.90 and a 52 week high of $44.49. The company has a market capitalization of $8.95 billion, a PE ratio of 36.79 and a beta of 2.54.
Several analysts have weighed in on the company. Zacks Investment Research downgraded Yandex from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 17th. BidaskClub downgraded Yandex from a “buy” rating to a “hold” rating in a research note on Tuesday, July 31st. Finally, ValuEngine downgraded Yandex from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $42.00.
Yandex N.V., an Internet and technology company, operates an Internet search engine in Russia and internationally. The company offers search, location-based, personalized, and mobile services that enable users to find information, and communicate and connect over the Internet from desktops and mobile devices.
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