Wall Street analysts expect Yext Inc (NYSE:YEXT) to announce ($0.12) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Yext’s earnings, with estimates ranging from ($0.13) to ($0.11). Yext reported earnings per share of ($0.10) in the same quarter last year, which would suggest a negative year-over-year growth rate of 20%. The company is scheduled to announce its next quarterly earnings report on Thursday, August 29th.
On average, analysts expect that Yext will report full year earnings of ($0.42) per share for the current year, with EPS estimates ranging from ($0.43) to ($0.39). For the next fiscal year, analysts anticipate that the firm will report earnings of ($0.38) per share, with EPS estimates ranging from ($0.44) to ($0.35). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Yext.
Yext (NYSE:YEXT) last issued its quarterly earnings results on Thursday, May 30th. The company reported ($0.18) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.02. Yext had a negative return on equity of 68.88% and a negative net margin of 32.59%. The firm had revenue of $68.71 million for the quarter, compared to analyst estimates of $66.74 million. During the same period last year, the company earned ($0.10) EPS. The firm’s quarterly revenue was up 34.8% on a year-over-year basis.
A number of analysts have issued reports on the company. SunTrust Banks raised their price target on Anaplan to $52.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Zacks Investment Research reissued a “sell” rating on shares of ZALANDO SE/ADR in a research note on Sunday, June 30th. Finally, ValuEngine lowered Yext from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $23.71.
In other news, Director Phillip M. Fernandez sold 2,000 shares of Yext stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $21.00, for a total value of $42,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, President Brian Distelburger sold 60,000 shares of Yext stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $20.57, for a total value of $1,234,200.00. The disclosure for this sale can be found here. Insiders sold a total of 1,157,174 shares of company stock worth $23,752,233 over the last ninety days. Corporate insiders own 17.00% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in Yext by 11.3% during the fourth quarter. BlackRock Inc. now owns 5,810,456 shares of the company’s stock valued at $86,285,000 after purchasing an additional 588,161 shares during the last quarter. Advisor Group Inc. lifted its position in Yext by 4.7% during the fourth quarter. Advisor Group Inc. now owns 27,916 shares of the company’s stock valued at $414,000 after purchasing an additional 1,263 shares during the last quarter. Northern Trust Corp lifted its position in Yext by 1.9% during the fourth quarter. Northern Trust Corp now owns 940,788 shares of the company’s stock valued at $13,970,000 after purchasing an additional 17,315 shares during the last quarter. Geode Capital Management LLC lifted its position in Yext by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 992,825 shares of the company’s stock valued at $14,743,000 after purchasing an additional 34,353 shares during the last quarter. Finally, American International Group Inc. lifted its position in Yext by 1.7% during the fourth quarter. American International Group Inc. now owns 54,804 shares of the company’s stock valued at $814,000 after purchasing an additional 933 shares during the last quarter. 57.67% of the stock is currently owned by institutional investors and hedge funds.
NYSE:YEXT traded down $0.53 during mid-day trading on Thursday, reaching $20.55. The company’s stock had a trading volume of 487,040 shares, compared to its average volume of 923,809. The stock’s fifty day moving average price is $19.80. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.14 and a current ratio of 2.14. Yext has a twelve month low of $12.90 and a twelve month high of $27.19. The company has a market cap of $2.32 billion, a PE ratio of -27.04 and a beta of 1.14.
Yext Company Profile
Yext, Inc provides a knowledge engine platform that lets businesses manage their digital knowledge in the cloud and synchronize it to its knowledge network in North America and internationally. The company offers Yext Knowledge Engine, a cloud-based global platform that enables businesses to control and manage their digital knowledge and make it available through its knowledge Network of approximately 150 third-party maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks.
See Also: Net Income
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