$666.61 Million in Sales Expected for YY Inc (YY) This Quarter

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Brokerages expect that YY Inc (NASDAQ:YY) will announce sales of $666.61 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for YY’s earnings, with the highest sales estimate coming in at $694.35 million and the lowest estimate coming in at $638.87 million. YY reported sales of $557.39 million during the same quarter last year, which would suggest a positive year over year growth rate of 19.6%. The company is scheduled to issue its next earnings report on Monday, March 4th.

On average, analysts expect that YY will report full-year sales of $2.28 billion for the current year, with estimates ranging from $2.23 billion to $2.35 billion. For the next year, analysts anticipate that the company will report sales of $2.76 billion, with estimates ranging from $2.63 billion to $2.95 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow YY.

YY (NASDAQ:YY) last posted its quarterly earnings results on Monday, November 12th. The information services provider reported $1.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.73 by $0.03. The company had revenue of $597.00 million for the quarter, compared to analysts’ expectations of $577.38 million. YY had a return on equity of 19.64% and a net margin of 14.07%. During the same quarter in the prior year, the company earned $1.59 earnings per share.

YY has been the topic of several research analyst reports. Benchmark reiterated a “buy” rating and set a $140.00 price objective (down from $168.00) on shares of YY in a research report on Tuesday, August 14th. Goldman Sachs Group upgraded shares of YY from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $117.00 to $108.00 in a research report on Thursday. Zacks Investment Research upgraded shares of YY from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a research report on Friday, October 19th. CLSA set a $125.00 price objective on shares of YY and gave the stock a “buy” rating in a research report on Tuesday, September 25th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $110.00 price objective on shares of YY in a research report on Wednesday, August 15th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $119.99.

Several institutional investors have recently bought and sold shares of the company. MARSHALL WACE ASIA Ltd purchased a new position in shares of YY during the 3rd quarter valued at $1,701,000. Vanguard Group Inc. grew its holdings in shares of YY by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,495,467 shares of the information services provider’s stock valued at $112,040,000 after acquiring an additional 41,736 shares in the last quarter. Krane Funds Advisors LLC grew its holdings in shares of YY by 16.8% during the 3rd quarter. Krane Funds Advisors LLC now owns 549,297 shares of the information services provider’s stock valued at $41,153,000 after acquiring an additional 79,166 shares in the last quarter. Nordea Investment Management AB purchased a new position in shares of YY during the 3rd quarter valued at $1,446,000. Finally, AQR Capital Management LLC grew its holdings in shares of YY by 1.9% during the 3rd quarter. AQR Capital Management LLC now owns 124,886 shares of the information services provider’s stock valued at $9,356,000 after acquiring an additional 2,381 shares in the last quarter. Institutional investors and hedge funds own 57.45% of the company’s stock.

NASDAQ YY opened at $62.66 on Wednesday. The firm has a market capitalization of $4.09 billion, a price-to-earnings ratio of 9.73, a P/E/G ratio of 0.43 and a beta of 0.89. YY has a 1 year low of $56.65 and a 1 year high of $142.97.

YY Company Profile

YY Inc, through its subsidiaries, engages in the live streaming business in the People's Republic of China. The company operates YY Live platform, an online music and entertainment live streaming service; and Huya platform, a live streaming platform, including online games, console games, mobile games, entertainments, sports, etc.

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