Yiren Digital (NYSE:YRD) Issues Earnings Results

Yiren Digital (NYSE:YRD) released its quarterly earnings results on Tuesday. The technology company reported $0.65 earnings per share (EPS) for the quarter, Zacks reports. Yiren Digital had a return on equity of 27.42% and a net margin of 40.47%. The company had revenue of $205.93 million during the quarter. Yiren Digital updated its Q3 2024 guidance to EPS.

Yiren Digital Price Performance

Shares of NYSE:YRD opened at $4.76 on Friday. The stock has a market cap of $413.81 million, a price-to-earnings ratio of 1.43 and a beta of 0.72. Yiren Digital has a 12 month low of $2.16 and a 12 month high of $5.80. The stock’s 50 day moving average price is $4.69 and its 200 day moving average price is $4.86.

Yiren Digital Cuts Dividend

The business also recently disclosed a Semi-Annual dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a dividend yield of 3.5%. Yiren Digital’s dividend payout ratio is presently 16.82%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Yiren Digital from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, May 28th.

About Yiren Digital

Yiren Digital Ltd. provides financial services through an AI-powered platform in China. Its platform provides a suite of financial and lifestyle services. The company offers financial services, which provides a portfolio of loan products to borrowers; insurance brokerage services; and consumption and lifestyle services, including non-financial products and services to meet various consumer needs.