Changyou.Com Ltd (CYOU) to Release Quarterly Earnings on Monday
Changyou.Com Ltd (NASDAQ:CYOU) is scheduled to be announcing its Q415 earnings results before the market opens on Monday, February 1st. Analysts expect the company to announce earnings of $0.66 per share and revenue of $156.19 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.
Changyou.Com (NASDAQ:CYOU) last issued its quarterly earnings data on Monday, October 26th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.88. The firm earned $189 million during the quarter, compared to the consensus estimate of $176.70 million. During the same period in the previous year, the company posted $0.06 earnings per share. On average, analysts expect Changyou.Com to post $3.92 EPS for the current fiscal year and $2.78 EPS for the next fiscal year.
A hedge fund recently bought a new stake in Changyou.Com stock. Russell Frank Co acquired a new position in shares of Changyou.Com Ltd (NASDAQ:CYOU) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 33,920 shares of the company’s stock, valued at approximately $850,000. Russell Frank Co owned approximately 0.06% of Changyou.Com as of its most recent SEC filing.
Shares of Changyou.Com Ltd (NASDAQ:CYOU) opened at 17.93 on Thursday. The firm has a 50-day moving average of $21.57 and a 200-day moving average of $20.74. The company has a market capitalization of $936.61 million and a P/E ratio of 5.10. Changyou.Com Ltd has a 12 month low of $17.00 and a 12 month high of $35.27.
A number of research analysts recently weighed in on the company. Zacks Investment Research raised Changyou.Com from a “sell” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Tuesday, January 5th. Goldman Sachs lowered Changyou.Com from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $21.00 to $19.00 in a report on Monday, November 30th. Brean Capital reaffirmed a “hold” rating on shares of Changyou.Com in a report on Tuesday, October 27th. Macquarie dropped their price objective on Changyou.Com from $32.00 to $20.00 and set a “neutral” rating on the stock in a report on Monday, October 19th. Finally, Barclays lowered their target price on Changyou.Com from $26.00 to $18.00 and set an “underweight” rating on the stock in a report on Thursday, October 8th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. Changyou.Com presently has a consensus rating of “Hold” and a consensus price target of $24.00.
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 (NASDAQ:CYOU) and mobile devices. This includes massively multiplayer online games (MMOGs), which are interactive online games that may be played simultaneously by hundreds of thousands of game players; mobile games, which are played on mobile devices and require an Internet connection, and Web games, which are played over the Internet using a Web browser. The Company also owns and operates Web properties and software applications for PCs and mobile devices, including the 17173.com Website, wan.com Website, RaidCall and Dolphin Browser. The Company’s games in operation include: Tian Long Ba Bu, Blade Online series, Fantasy Frontier Online, Echo of Soul, DDTank, Wartune, Tian Long Ba Bu 3D and Qin Shi Ming Yue 2.
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