Yelp (YELP) Projected to Post Quarterly Earnings on Thursday

Yelp (NYSE:YELP) is projected to post its quarterly earnings results after the market closes on Thursday, February 13th. Analysts expect Yelp to post earnings of $0.53 per share and revenue of $349.94 million for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Yelp (NYSE:YELP) last issued its earnings results on Thursday, November 7th. The local business review company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.16. Yelp had a return on equity of 16.02% and a net margin of 8.48%. The business had revenue of $360.34 million during the quarter, compared to the consensus estimate of $360.74 million. During the same period last year, the company earned $0.79 EPS. On average, analysts expect Yelp to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Yelp Trading Down 0.7 %

Shares of YELP opened at $39.87 on Thursday. The firm has a 50-day moving average price of $39.35 and a 200 day moving average price of $36.39. Yelp has a 12-month low of $32.56 and a 12-month high of $45.91. The firm has a market capitalization of $2.62 billion, a P/E ratio of 23.87, a P/E/G ratio of 0.56 and a beta of 1.33.

Insider Activity at Yelp

In related news, CFO David A. Schwarzbach sold 10,000 shares of Yelp stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $38.29, for a total value of $382,900.00. Following the completion of the transaction, the chief financial officer now owns 211,988 shares in the company, valued at $8,117,020.52. The trade was a 4.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Carmen Amara sold 12,854 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $38.17, for a total transaction of $490,637.18. Following the completion of the sale, the insider now owns 88,813 shares in the company, valued at $3,389,992.21. The trade was a 12.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 56,865 shares of company stock worth $2,167,768. Corporate insiders own 7.40% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on YELP. Robert W. Baird reduced their price target on shares of Yelp from $39.00 to $37.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. Morgan Stanley increased their price target on Yelp from $34.00 to $35.00 and gave the stock an “underweight” rating in a report on Monday, January 13th. Evercore ISI upgraded shares of Yelp to a “hold” rating in a report on Monday, November 11th. StockNews.com raised shares of Yelp from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 11th. Finally, The Goldman Sachs Group downgraded shares of Yelp from a “buy” rating to a “neutral” rating and reduced their price target for the company from $46.00 to $38.00 in a research note on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $37.17.

About Yelp

Yelp Inc operates a platform that connects consumers with local businesses in the United States and internationally. The company's platform covers various categories, including restaurants, shopping, beauty and fitness, health, and other categories, as well as home, local, auto, professional, pets, events, real estate, and financial services.