$0.99 EPS Expected for Yirendai (YRD) This Quarter

Wall Street analysts forecast that Yirendai (NYSE:YRD) will post earnings of $0.99 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have made estimates for Yirendai’s earnings. Yirendai posted earnings of $0.84 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 17.9%. The firm is expected to announce its next quarterly earnings results on Monday, May 21st.

On average, analysts expect that Yirendai will report full-year earnings of $4.85 per share for the current fiscal year. For the next financial year, analysts forecast that the firm will post earnings of $7.40 per share. Zacks’ EPS averages are an average based on a survey of analysts that that provide coverage for Yirendai.

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Yirendai (NYSE:YRD) last posted its quarterly earnings results on Wednesday, March 14th. The technology company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.25. Yirendai had a return on equity of 66.32% and a net margin of 24.69%. The company had revenue of $280.50 million during the quarter, compared to analysts’ expectations of $244.27 million. During the same quarter in the previous year, the firm earned $0.91 EPS. Yirendai’s revenue was up 81.8% on a year-over-year basis.

A number of equities analysts have issued reports on YRD shares. TheStreet raised Yirendai from a “c” rating to a “b-” rating in a report on Monday, December 18th. Zacks Investment Research cut Yirendai from a “buy” rating to a “hold” rating in a report on Friday, December 8th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Yirendai currently has a consensus rating of “Buy” and an average price target of $52.00.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Northern Trust Corp bought a new stake in shares of Yirendai during the 2nd quarter valued at about $260,000. State Street Corp bought a new stake in shares of Yirendai during the 2nd quarter valued at about $365,000. Bank of New York Mellon Corp boosted its position in shares of Yirendai by 4.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 76,242 shares of the technology company’s stock valued at $3,198,000 after purchasing an additional 3,023 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Yirendai by 2,216.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,173 shares of the technology company’s stock valued at $137,000 after purchasing an additional 3,036 shares in the last quarter. Finally, Invictus RG bought a new stake in shares of Yirendai during the 3rd quarter valued at about $268,000. Hedge funds and other institutional investors own 12.65% of the company’s stock.

Shares of YRD opened at $35.57 on Friday. Yirendai has a 12-month low of $22.76 and a 12-month high of $53.50. The stock has a market capitalization of $2,209.78, a price-to-earnings ratio of 10.31 and a beta of 5.22.

The business also recently declared a Semi-Annual dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Monday, April 30th will be given a $0.28 dividend. The ex-dividend date of this dividend is Friday, April 27th. Yirendai’s dividend payout ratio (DPR) is presently 42.90%.

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About Yirendai

Yirendai Ltd. operates as an online consumer finance marketplace that connects borrowers and investors primarily in the People's Republic of China. It offers standard and fasttrack loan products. The company also provides investing tools. The company was founded in 2012 and is based in Beijing, the People's Republic of China.

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