JOYY (YY) Scheduled to Post Quarterly Earnings on Tuesday

JOYY (NASDAQ:YYGet Rating) is scheduled to post its quarterly earnings results after the market closes on Tuesday, May 31st. Analysts expect JOYY to post earnings of $0.38 per share for the quarter.

JOYY (NASDAQ:YYGet Rating) last posted its quarterly earnings results on Tuesday, March 15th. The information services provider reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $1.25. JOYY had a negative net margin of 3.15% and a positive return on equity of 2.03%. The business had revenue of $663.71 million during the quarter, compared to analysts’ expectations of $652.42 million. During the same period last year, the company posted ($0.29) earnings per share. On average, analysts expect JOYY to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of YY stock traded up $1.81 on Thursday, reaching $38.31. 1,203 shares of the company were exchanged, compared to its average volume of 802,075. The company has a 50-day moving average of $39.21 and a 200-day moving average of $44.93. JOYY has a one year low of $23.14 and a one year high of $86.10. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.02 and a quick ratio of 2.02. The company has a market cap of $2.99 billion, a price-to-earnings ratio of -31.96 and a beta of 0.58.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 29th. Shareholders of record on Thursday, April 14th were paid a $0.51 dividend. The ex-dividend date of this dividend was Wednesday, April 13th. This represents a $2.04 dividend on an annualized basis and a yield of 5.32%. JOYY’s dividend payout ratio (DPR) is presently -170.59%.

Several hedge funds and other institutional investors have recently modified their holdings of YY. American Century Companies Inc. raised its holdings in JOYY by 11.4% during the 1st quarter. American Century Companies Inc. now owns 10,078 shares of the information services provider’s stock valued at $370,000 after acquiring an additional 1,031 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of JOYY by 4.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 70,969 shares of the information services provider’s stock valued at $2,607,000 after purchasing an additional 2,743 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in JOYY by 34.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 12,302 shares of the information services provider’s stock worth $452,000 after purchasing an additional 3,164 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in JOYY by 10.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 54,734 shares of the information services provider’s stock worth $2,087,000 after purchasing an additional 5,100 shares during the period. Finally, Marshall Wace LLP grew its holdings in JOYY by 23.2% during the 4th quarter. Marshall Wace LLP now owns 29,289 shares of the information services provider’s stock valued at $1,331,000 after buying an additional 5,520 shares in the last quarter. 78.48% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently issued reports on YY shares. JPMorgan Chase & Co. raised shares of JOYY from an “underweight” rating to a “neutral” rating and set a $40.00 price target for the company in a research report on Monday, May 16th. Benchmark lowered their target price on shares of JOYY from $97.00 to $62.00 and set a “buy” rating on the stock in a report on Wednesday, March 16th. StockNews.com began coverage on JOYY in a report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Zacks Investment Research lowered JOYY from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $86.75.

About JOYY (Get Rating)

JOYY Inc, together with its subsidiaries, operates social media platforms that offer users engaging and experience across various video and audio-based social platforms. The company operates Bigo Live, a live streaming platform that allows users to live stream specific moments, such as showcase talents, socialize, and connect with other users worldwide; Likee, a short-form video social platform that focuses on enabling users to create short-form video; Hago, a casual game-oriented social platform; and imo, a chat and instant messaging application with functions, including video calls and other communication tools, such as group calls, document sharing, etc..

Further Reading

Earnings History for JOYY (NASDAQ:YY)

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