$255.68 Million in Sales Expected for HUYA Inc – (NYSE:HUYA) This Quarter

Equities research analysts expect that HUYA Inc – (NYSE:HUYA) will post sales of $255.68 million for the current quarter, according to Zacks. Two analysts have provided estimates for HUYA’s earnings. The highest sales estimate is $256.33 million and the lowest is $255.02 million. HUYA posted sales of $156.92 million during the same quarter last year, which suggests a positive year over year growth rate of 62.9%. The company is scheduled to report its next quarterly earnings results on Monday, August 12th.

According to Zacks, analysts expect that HUYA will report full-year sales of $1.07 billion for the current year, with estimates ranging from $1.07 billion to $1.08 billion. For the next year, analysts anticipate that the firm will report sales of $1.43 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover HUYA.

HUYA (NYSE:HUYA) last announced its quarterly earnings data on Thursday, May 16th. The company reported $0.04 earnings per share for the quarter. The firm had revenue of $243.10 million during the quarter, compared to analysts’ expectations of $227.35 million. HUYA had a positive return on equity of 4.60% and a negative net margin of 35.91%.

HUYA has been the subject of several analyst reports. Jefferies Financial Group initiated coverage on HUYA in a report on Tuesday, May 14th. They issued a “buy” rating and a $28.00 price objective for the company. UBS Group raised HUYA from a “neutral” rating to a “buy” rating and set a $31.00 price objective for the company in a report on Wednesday, May 8th. Tigress Financial initiated coverage on HUYA in a report on Friday, April 26th. They issued a “buy” rating for the company. Credit Suisse Group set a $29.00 price target on HUYA and gave the stock a “buy” rating in a report on Tuesday, March 5th. Finally, Bank of America initiated coverage on HUYA in a report on Wednesday, May 29th. They set a “buy” rating and a $26.00 price target for the company. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $28.38.

Several institutional investors have recently bought and sold shares of HUYA. Daiwa Securities Group Inc. increased its holdings in HUYA by 44.1% in the 1st quarter. Daiwa Securities Group Inc. now owns 2,940 shares of the company’s stock worth $83,000 after purchasing an additional 900 shares in the last quarter. Citigroup Inc. increased its holdings in HUYA by 932.5% in the 4th quarter. Citigroup Inc. now owns 8,033 shares of the company’s stock worth $124,000 after purchasing an additional 7,255 shares in the last quarter. Blueshift Asset Management LLC acquired a new position in HUYA in the 4th quarter worth about $183,000. Bank of Montreal Can acquired a new position in HUYA in the 1st quarter worth about $184,000. Finally, National Asset Management Inc. acquired a new position in HUYA in the 1st quarter worth about $233,000. 15.89% of the stock is owned by institutional investors.

Shares of NYSE HUYA opened at $23.40 on Wednesday. The firm has a market cap of $4.88 billion and a PE ratio of 234.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.22 and a quick ratio of 4.22. The firm has a fifty day moving average of $22.23. HUYA has a fifty-two week low of $14.44 and a fifty-two week high of $40.60.

About HUYA

HUYA Inc, through its subsidiaries, operates game live streaming platforms in the People's Republic of China. Its platforms enable broadcasters and viewers to interact during live streaming. The company also provides advertising and online game-related services. As of December 31, 2017, its live streaming content covered approximately 2,600 games, including mobile, PC, and console games.

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