Yandex (NASDAQ:YNDX) Expected to Post Earnings of $0.39 Per Share

Equities analysts expect Yandex (NASDAQ:YNDX) to post earnings of $0.39 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have made estimates for Yandex’s earnings. Yandex posted earnings of $0.09 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 333.3%. The firm is expected to issue its next earnings report on Tuesday, July 27th.

According to Zacks, analysts expect that Yandex will report full year earnings of $0.96 per share for the current financial year, with EPS estimates ranging from $0.94 to $0.97. For the next year, analysts expect that the company will post earnings of $1.56 per share, with EPS estimates ranging from $1.41 to $1.72. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Yandex.

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

A number of analysts have issued reports on YNDX shares. New Street Research assumed coverage on Yandex in a research note on Tuesday, April 6th. They issued a “buy” rating and a $81.00 price objective on the stock. Morgan Stanley upgraded shares of Yandex from an “equal weight” rating to an “overweight” rating and set a $75.00 price target on the stock in a research report on Monday, March 1st. Finally, TheStreet downgraded shares of Yandex from a “b” rating to a “c+” rating in a research note on Friday, February 19th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $70.63.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Arkadios Wealth Advisors raised its stake in shares of Yandex by 117.3% in the first quarter. Arkadios Wealth Advisors now owns 641 shares of the information services provider’s stock valued at $41,000 after acquiring an additional 346 shares during the period. Concord Wealth Partners grew its holdings in Yandex by 6,530.0% during the 1st quarter. Concord Wealth Partners now owns 663 shares of the information services provider’s stock valued at $42,000 after purchasing an additional 653 shares during the last quarter. Eaton Vance Management purchased a new stake in Yandex in the 1st quarter worth about $45,000. Banque Cantonale Vaudoise bought a new stake in Yandex in the first quarter worth about $164,000. Finally, Trexquant Investment LP purchased a new position in shares of Yandex during the fourth quarter valued at approximately $215,000. 66.20% of the stock is owned by institutional investors.

Shares of NASDAQ:YNDX traded up $0.12 during mid-day trading on Friday, reaching $69.94. The stock had a trading volume of 55,299 shares, compared to its average volume of 1,839,159. The business has a 50 day moving average of $64.52. Yandex has a 1 year low of $40.23 and a 1 year high of $74.32. The firm has a market cap of $24.77 billion, a P/E ratio of 134.50, a P/E/G ratio of 1.81 and a beta of 1.32. The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.40 and a current ratio of 3.48.

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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