Company Update (NASDAQ:YHOO): Rick Hill the Trojan Horse on Yahoo! Board

[at TheStreet] – If Rick Hill’s time on Yahoo!’s board resembles his time on Tessera Technologies’ board, a turnaround may be coming. Read more on this. Yahoo! Inc. (YHOO) , with a current market cap of $34.80B, started the session at $36.92. During today’s session, YHOO traded between $36.74 to $37.44 with its 52-week range being $26.15 to $45.07. YHOO shares are currently priced at 73.90x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 16.73x earnings multiple. Consensus earnings for the current quarter by the 34 sell-side analysts covering the stock is an estimate of $0.10 per share, which would be $0.06 worse than the year-ago quarter and a $0.04 sequential decrease. The full-year EPS estimate is $0.50, which would be a $0.09 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $1.08 Billion. If reported, that would be a 12.90% 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. The average price target for YHOO shares is $40.94, which is 10.89% above where the stock opened this morning. See more in (NASDAQ:YHOO) Similar Articles: Company Update: Yahoo! Inc. (NASDAQ:YHOO) – Yahoo! (YHOO) Stock Slumps, Withholding Financial Details from Suitors 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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