HUYA (NYSE:HUYA) Posts Earnings Results

HUYA (NYSE:HUYA) released its quarterly earnings results on Tuesday. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03), Briefing.com reports. HUYA had a negative net margin of 2.51% and a positive return on equity of 0.30%. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter last year, the firm posted $0.48 EPS. The company’s quarterly revenue was down 2.2% on a year-over-year basis.

HUYA Price Performance

Shares of NYSE:HUYA opened at $3.46 on Thursday. The business’s 50-day moving average is $3.71 and its 200-day moving average is $3.68. HUYA has a 1 year low of $2.82 and a 1 year high of $6.84. The company has a market capitalization of $782.12 million, a price-to-earnings ratio of -38.39 and a beta of 0.72.

HUYA Announces Dividend

The firm also recently disclosed an annual dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be paid a $1.47 dividend. This represents a dividend yield of 42.55%. The ex-dividend date of this dividend is Tuesday, June 17th. HUYA’s dividend payout ratio is -4,900.00%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Daiwa Capital Markets lowered HUYA from an “outperform” rating to a “neutral” rating in a research report on Tuesday. Daiwa America downgraded HUYA from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $5.68.

About HUYA

HUYA Inc, together with 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's live streaming content also covers other entertainment content, such as talent shows, anime, outdoor activities, live chats, and other genres.