Yelp (YELP) Set to Announce Quarterly Earnings on Thursday

Yelp (NYSE:YELP) will be posting its quarterly earnings results after the market closes on Thursday, May 9th. Analysts expect Yelp to post earnings of $0.04 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Yelp (NYSE:YELP) last issued its earnings results on Thursday, February 15th. The local business review company reported $0.37 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.37. Yelp had a return on equity of 14.06% and a net margin of 7.42%. The business had revenue of $342.38 million for the quarter, compared to analysts’ expectations of $341.83 million. During the same period in the previous year, the firm posted $0.28 EPS. The company’s quarterly revenue was up 10.8% on a year-over-year basis. On average, analysts expect Yelp to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Yelp Stock Up 1.6 %

Shares of NYSE YELP opened at $41.11 on Wednesday. Yelp has a 12 month low of $27.56 and a 12 month high of $48.99. The company has a market cap of $2.81 billion, a price-to-earnings ratio of 30.45 and a beta of 1.44. The business has a fifty day simple moving average of $39.34 and a 200-day simple moving average of $42.38.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. StockNews.com raised shares of Yelp from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 24th. Raymond James started coverage on shares of Yelp in a research report on Wednesday, March 27th. They issued a “market perform” rating for the company. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $41.75.

Insider Transactions at Yelp

In related news, COO Joseph R. Nachman sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $38.83, for a total transaction of $232,980.00. Following the transaction, the chief operating officer now directly owns 312,502 shares of the company’s stock, valued at $12,134,452.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, COO Joseph R. Nachman sold 6,000 shares of Yelp stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $38.83, for a total transaction of $232,980.00. Following the completion of the sale, the chief operating officer now owns 312,502 shares of the company’s stock, valued at $12,134,452.66. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO David A. Schwarzbach sold 2,750 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $40.63, for a total value of $111,732.50. Following the completion of the transaction, the chief financial officer now owns 258,848 shares in the company, valued at approximately $10,516,994.24. The disclosure for this sale can be found here. 7.20% of the stock is owned by insiders.

Yelp Company Profile

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.