Company Update: Yahoo! Inc. (NASDAQ:YHOO) – Why traders are buying calls in Yahoo

[optionMONSTER] – Yahoo has risen recently on deal speculation, and traders are looking for more gains in coming months. optionMONSTER’s monitoring program shows that more than 4,400 June 40 calls were purchased for $1.07 … Read more on this. Yahoo! Inc. (YHOO) , with a current market cap of $34.72B, opened at $36.51. Today, shares have traded between $36.51 and $37.02 per share and has traded between $26.15 and $46.17 over the past year. Priced at 68.53x this year’s forecasted earnings, YHOO shares are relatively expensive compared to the industry’s 17.40x forward p/e ratio. According to a consensus of 35 analysts, the earnings estimate of $0.07 per share would be $0.08 worse than the year-ago quarter and a $0.07 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $0.53 is a $0.06 setback when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $1.08 Billion. If realized, that would be a 12.20% decrease over the year-ago quarter. Recently, Citigroup downgraded YHOO from Buy to Neutral (Mar 22, 2016). Previously, Citigroup upgraded YHOO from Neutral to Buy. Investors should keep in mind is that the average price target is $37.88, which is 3.75% above where the stock opened this morning. See more in (NASDAQ:YHOO) Similar Articles: Market Update: Yahoo! Inc. (NASDAQ:YHOO) – How Yahoo Is Trying To Drive Revenues For Tumblr? Market Update: Yahoo! Inc. (NASDAQ:YHOO) – Here’s Why Yahoo (YHOO) Stock Closed Up Today Company Update: Yahoo! Inc. (NASDAQ:YHOO) – Yahoo (YHOO) Stock Edges Up After Shutting Down Several Products
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