Analysts expect LexinFintech Holdings Ltd. (NASDAQ:LX) posts EPS of $0.50
Wall Street brokers expect LexinFintech Holdings Ltd. (NASDAQ:LX – Get a rating) to show earnings per share of $0.50 for the current fiscal quarter, according to Zacks. Zero analysts released earnings estimates for LexinFintech. LexinFintech reported earnings per share of $0.53 in the same quarter last year, suggesting a negative 5.7% year-over-year growth rate. The company is expected to release its next quarterly earnings report on Monday, January 1.
According to Zacks, analysts expect LexinFintech to report annual earnings of $1.94 per share for the current year. For next year, analysts expect the company to post earnings of $2.37 per share. Zacks EPS averages are an average average based on a survey of research analysts who cover LexinFintech.
LexinFintech (NASDAQ:LX – Get a rating) last released its quarterly earnings data on Tuesday, March 15. The company reported earnings per share (EPS) of $1.52 for the quarter, missing the consensus estimate of $1.85 per ($0.33). LexinFintech had a net margin of 20.47% and a return on equity of 32.63%. In the same period a year earlier, the company had earned earnings per share of $0.39.
LX has been the subject of a number of research analyst reports. UBS Group downgraded LexinFintech from a “buy” rating to a “neutral” rating and set a target price of $4.30 for the company. in a research report on Monday, December 20. Zacks Investment Research upgraded LexinFintech from a “Strong Sell” rating to a “Hold” rating in a Wednesday, January 12 research report. Three equity research analysts gave the stock a hold rating and three gave the company a buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $10.16.
Shares of LX opened at $2.82 on Friday. LexinFintech has a 52-week low of $1.90 and a 52-week high of $13.62. The company has a debt ratio of 0.32, a quick ratio of 1.63 and a current ratio of 1.63. The company has a market capitalization of $513.35 million, a P/E ratio of 1.60 and a beta of 0.83. The stock has a 50-day moving average price of $3.30 and a 200-day moving average price of $4.41.
Several hedge funds have recently changed their holdings to LX. Millennium Management LLC increased its equity stake in LexinFintech by 829.0% in Q4. Millennium Management LLC now owns 1,183,617 shares of the company valued at $4,569,000 after purchasing an additional 1,056,215 shares during the period. Norges Bank acquired a new stock position in LexinFintech in Q4 valued at approximately $3,542,000. Marshall Wace LLP increased its holdings of LexinFintech shares by 99.8% in Q4. Marshall Wace LLP now owns 1,559,884 shares of the company valued at $6,022,000 after purchasing an additional 779,220 shares during the period. Alan B. Lancz & Associates Inc. acquired a new stock position in LexinFintech in Q4 valued at approximately $2,002,000. Finally, Gold Dragon Worldwide Asset Management Ltd acquired a new position in LexinFintech in Q3 worth approximately $2,761,000. 24.01% of the shares are held by institutional investors and hedge funds.
About Lexin Fintech (Get a rating)
Lexinfintech Holdings Ltd. engages in the provision of online consumer credit platforms. Through its subsidiaries, it offers online direct sales with installment payment terms; installment purchase loans; and personal installment loans. Its services are offered through its online consumer credit platform, www.fenqile.com; and mobile app.
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in LexinFintech right now?
Before you consider LexinFintech, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off… and LexinFintech was not on the list.
While LexinFintech currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here