Yandex (NASDAQ:YNDX) released its quarterly earnings data on Monday. The information services provider reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01, Yahoo Finance reports. Yandex had a net margin of 37.72% and a return on equity of 13.39%. The business had revenue of $496.60 million during the quarter, compared to analyst estimates of $467.97 million. During the same quarter in the previous year, the business earned $7.16 EPS. Yandex’s quarterly revenue was up 39.0% compared to the same quarter last year. Yandex updated its FY 2018 guidance to EPS.
Yandex stock traded up $2.12 on Wednesday, reaching $29.68. 4,520,194 shares of the stock were exchanged, compared to its average volume of 7,097,092. The firm has a market cap of $8.95 billion, a price-to-earnings ratio of 36.64 and a beta of 2.54. Yandex has a twelve month low of $24.90 and a twelve month high of $44.49.
YNDX has been the subject of several analyst reports. ValuEngine lowered shares of Yandex from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. Bank of America reduced their price objective on shares of Yandex from $49.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, October 5th. Zacks Investment Research lowered shares of Yandex from a “hold” rating to a “strong sell” rating in a research note on Monday, September 17th. BidaskClub lowered shares of Yandex from a “hold” rating to a “sell” rating in a research note on Saturday, September 8th. Finally, Deutsche Bank reduced their price objective on shares of Yandex from $50.00 to $42.00 and set a “buy” rating for the company in a research note on Tuesday, October 23rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus 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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