JOYY (YY) to Release Earnings on Tuesday

JOYY (NASDAQ:YY - Get Free Report) will likely be issuing its Q1 2025 quarterly earnings data after the market closes on Tuesday, May 27th. Analysts expect the company to announce earnings of $1.22 per share and revenue of $67.21 million for the quarter.

JOYY Price Performance

Shares of YY traded down $0.11 during midday trading on Friday, hitting $43.64. 264,462 shares of the company traded hands, compared to its average volume of 498,682. The firm has a market cap of $2.35 billion, a P/E ratio of 13.18 and a beta of 0.21. The stock has a 50-day moving average of $41.39 and a 200-day moving average of $42.10. JOYY has a one year low of $27.88 and a one year high of $55.31.

JOYY Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th were given a dividend of $0.93 per share. The ex-dividend date was Thursday, April 17th. This is a positive change from JOYY's previous quarterly dividend of $0.20. This represents a $3.72 annualized dividend and a yield of 8.52%. JOYY's payout ratio is presently -120.00%.

Hedge Funds Weigh In On JOYY

An institutional investor recently raised its position in JOYY stock. Millennium Management LLC lifted its position in JOYY Inc. (NASDAQ:YY - Free Report) by 127.8% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 123,242 shares of the information services provider's stock after purchasing an additional 69,132 shares during the period. Millennium Management LLC owned about 0.23% of JOYY worth $5,174,000 as of its most recent SEC filing. Institutional investors and hedge funds own 36.83% of the company's stock.

Analysts Set New Price Targets

YY has been the topic of a number of research analyst reports. Benchmark raised JOYY from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th. Wall Street Zen assumed coverage on JOYY in a research report on Monday, May 19th. They issued a "hold" rating for the company.

JOYY Company Profile

JOYY Inc, together with its subsidiaries, operates social media platforms that offer users engaging and experience across various video-based social platforms. It operates through two segments, BIGO and All Other. The company operates Bigo Live, a social live streaming platform, that provides an interactive online stage for users to host and watch live streaming sessions, share their life moments, showcase their talents, and interact with people worldwide; Likee, a short-form video social platform, which enables users to discover, create, and share short videos, with video creation tools and personalized feeds; imo, an instant messenger platform, that provides audio and video communication services; Hago, a social networking platform that offers casual games integrating social features, such as audio and video multi-user chatrooms and 3D virtual interactive party games; and Shopline, a smart commerce platform, that provides solutions and services to enable merchants in creating and growing their brands online and reach customers through various sales channels, including e-commerce platforms, social commerce, and physical retail stores.