Equities research analysts expect that Changyou.Com Ltd (NASDAQ:CYOU) will post earnings of $0.54 per share for the current quarter, according to Zacks. Zero analysts have issued estimates for Changyou.Com’s earnings. Changyou.Com posted earnings of $0.61 per share during the same quarter last year, which would indicate a negative year over year growth rate of 11.5%. The firm is scheduled to report its next earnings results before the market opens on Monday, April 24th.
On average, analysts expect that Changyou.Com will report full-year earnings of $2.90 per share for the current fiscal year, with EPS estimates ranging from $2.85 to $2.96. For the next year, analysts expect that the company will report earnings of $3.08 per share. Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow Changyou.Com.
Changyou.Com (NASDAQ:CYOU) last announced its quarterly earnings data on Tuesday, February 21st. The technology company reported $0.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.14. The firm earned $130.50 million during the quarter, compared to analysts’ expectations of $132.91 million. Changyou.Com had a return on equity of 12.95% and a net margin of 25.58%. The company’s quarterly revenue was down 19.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.85 EPS.
A number of equities research analysts recently issued reports on CYOU shares. Credit Suisse Group AG upgraded Changyou.Com from a “neutral” rating to an “outperform” rating in a research report on Wednesday, February 22nd. Morgan Stanley upgraded Changyou.Com from an “underweight” rating to an “equal weight” rating and set a $27.00 price objective on the stock in a research report on Friday, February 24th. Zacks Investment Research downgraded Changyou.Com from a “hold” rating to a “sell” rating in a research report on Monday, December 26th. Macquarie upgraded Changyou.Com from an “underperform” rating to a “neutral” rating in a research report on Tuesday, February 21st. Finally, Benchmark Co. assumed coverage on Changyou.Com in a research report on Tuesday. They issued a “hold” rating on the stock. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $26.68.
Shares of Changyou.Com (NASDAQ:CYOU) traded up 0.18% during trading on Monday, reaching $27.94. The company’s stock had a trading volume of 162,761 shares. Changyou.Com has a 52-week low of $17.42 and a 52-week high of $31.47. The stock has a 50-day moving average of $28.51 and a 200-day moving average of $25.96. The stock has a market cap of $1.43 billion, a P/E ratio of 10.27 and a beta of 1.16.
A number of large investors have recently added to or reduced their stakes in CYOU. Numeric Investors LLC purchased a new stake in Changyou.Com during the fourth quarter worth $11,785,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in Changyou.Com during the fourth quarter worth $4,508,000. Two Sigma Investments LP increased its stake in Changyou.Com by 72.0% in the fourth quarter. Two Sigma Investments LP now owns 271,630 shares of the technology company’s stock worth $5,764,000 after buying an additional 113,680 shares during the last quarter. GSA Capital Partners LLP increased its stake in Changyou.Com by 28.9% in the fourth quarter. GSA Capital Partners LLP now owns 14,052 shares of the technology company’s stock worth $298,000 after buying an additional 3,149 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in Changyou.Com by 16.1% in the fourth quarter. Renaissance Technologies LLC now owns 620,800 shares of the technology company’s stock worth $13,173,000 after buying an additional 86,100 shares during the last quarter. Institutional investors and hedge funds own 16.10% of the company’s stock.
Changyou.Com Company Profile
Changyou.com Limited is an online game developer and operator. The Company is engaged in the development, operation and licensing of online games for personal computers (PCs) and mobile devices. The Company’s segments include Online Game segment, which consists primarily of PC games and mobile games; the Platform Channel segment, which consists primarily of online advertising services offered on the 17173.com Website, Internet value-added services (IVAS) offered on the Dolphin Browser and RaidCall and online card and board games offered by MoboTap, and the Cinema Advertising segment, which consists primarily of the acquisition, from operators of movie theaters, and the sale, to advertisers, of pre-film advertising slots, which are advertisements shown before the screening of a movie in a cinema theater.
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