Changyou (CYOU) Announces Special Dividend of $9.40

Changyou (NASDAQ:CYOU) announced a special dividend on Thursday, April 5th, RTT News reports. Stockholders of record on Friday, April 20th will be given a dividend of 9.40 per share by the technology company on Thursday, April 26th.

Changyou stock opened at $29.97 on Friday. The firm has a market capitalization of $1,473.99, a PE ratio of 14.69, a price-to-earnings-growth ratio of 0.71 and a beta of 0.87. Changyou has a 1-year low of $25.83 and a 1-year high of $44.55.

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Changyou (NASDAQ:CYOU) last posted its quarterly earnings data on Monday, January 29th. The technology company reported $0.64 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.17). The business had revenue of $144.50 million during the quarter, compared to analyst estimates of $149.95 million. Changyou had a return on equity of 8.64% and a net margin of 18.76%. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.75 EPS. research analysts expect that Changyou will post 2.54 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on CYOU shares. ValuEngine raised Changyou from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. BidaskClub cut Changyou from a “sell” rating to a “strong sell” rating in a research report on Wednesday, February 14th. Morgan Stanley began coverage on Changyou in a research report on Wednesday, March 28th. They issued a “sell” rating and a $28.00 price objective for the company. Finally, Zacks Investment Research upgraded Changyou from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. Changyou has an average rating of “Hold” and an average target price of $38.26.

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Changyou Company Profile

Changyou.com Limited develops and operates online games in the People's Republic of China. The company operates through Online Game, Platform Channel, and Others segments. It develops, operates, and licenses online games, including interactive online games that are accessed and played simultaneously by various game players through personal computers; and mobile games played on mobile devices.

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