HUYA (NYSE:HUYA) Shares Gap Down Following Weak Earnings

HUYA Inc. (NYSE:HUYA)’s share price gapped down prior to trading on Tuesday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $4.54, but opened at $4.30. HUYA shares last traded at $3.74, with a volume of 2,317,939 shares traded.

The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.53 billion. HUYA had a negative net margin of 2.51% and a positive return on equity of 0.30%. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.48 earnings per share.

HUYA Dividend Announcement

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

Analyst Ratings Changes

Separately, Daiwa Capital Markets lowered HUYA from an “outperform” rating to a “neutral” rating in a report on Tuesday. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $5.68.

Institutional Investors Weigh In On HUYA

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Amiral Gestion acquired a new stake in HUYA in the 4th quarter worth approximately $307,000. Formidable Asset Management LLC lifted its holdings in shares of HUYA by 7.2% during the fourth quarter. Formidable Asset Management LLC now owns 108,000 shares of the company’s stock worth $332,000 after buying an additional 7,300 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of HUYA by 2.5% during the fourth quarter. Public Employees Retirement System of Ohio now owns 142,865 shares of the company’s stock worth $439,000 after buying an additional 3,545 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of HUYA during the fourth quarter worth approximately $516,000. Finally, D. E. Shaw & Co. Inc. lifted its holdings in shares of HUYA by 10.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 268,482 shares of the company’s stock worth $824,000 after buying an additional 25,521 shares during the last quarter. 23.20% of the stock is currently owned by institutional investors and hedge funds.

HUYA Price Performance

The company has a market capitalization of $782.12 million, a price-to-earnings ratio of -38.39 and a beta of 0.72. The business has a fifty day moving average price of $3.71 and a 200 day moving average price of $3.68.

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.