LexinFintech (LX) will release its quarterly results on Monday
LexinFintech (NASDAQ:LX – Get a rating) is expected to release its quarterly earnings data after the market closes on Monday, May 30. Analysts expect the company to report earnings of $0.46 per share for the quarter.
LexinFintech (NASDAQ:LX – Get a rating) last released its quarterly earnings data on Tuesday, March 15. The company reported EPS of $0.24 for the quarter, missing the consensus estimate of $0.29 per ($0.05). The company had revenue of $345.10 million in the quarter. LexinFintech had a return on equity of 32.63% and a net margin of 20.47%. During the same period of the previous year, the company achieved EPS of $0.39. On average, analysts expect LexinFintech to post EPS of $2 for the current fiscal year and EPS of $2 for the next fiscal year.
Shares of LX traded down $0.13 on Tuesday, hitting $2.14. The company’s shares had a trading volume of 6,660 shares, compared to an average trading volume of 1,961,152 shares. LexinFintech has a 12 month minimum of $1.90 and a 12 month maximum of $13.62. The stock has a market capitalization of $393.48 million, a P/E ratio of 1.29 and a beta of 0.72. The stock’s 50-day simple moving average is $2.61 and its two-hundred-day simple moving average is $3.42. The company has a debt ratio of 0.32, a current ratio of 1.63 and a quick ratio of 1.63.
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A number of hedge funds have recently changed their holdings in the company. BNP Paribas Arbitrage SA bought a new position in shares of LexinFintech during the 4th quarter valued at around $25,000. Sei Investments Co. bought a new position in LexinFintech in the first quarter worth $31,000. Northern Trust Corp bought a new stake in shares of LexinFintech during the first quarter for a value of approximately $35,000. Toroso Investments LLC acquired a new position in LexinFintech in Q4 worth approximately $61,000. Finally, Squarepoint Ops LLC acquired a new stock position in LexinFintech in Q4 worth approximately $67,000. 31.56% of the shares are held by hedge funds and other institutional investors.
Separately, Zacks Investment Research downgraded LexinFintech from a “hold” rating to a “strong sell” rating in a Tuesday, April 12 report. One research analyst rated the stock with a sell rating, two issued a hold rating and two assigned the company a buy rating. Based on data from MarketBeat, LexinFintech currently has a consensus rating of “Hold” and a consensus price target of $9.85.
About Lexin Fintech (Get a rating)
LexinFintech Holdings Ltd., through its subsidiaries, operates as an online consumer and consumer finance platform for young professionals in the People’s Republic of China. The Company operates Fenqile.com, a consumer finance and consumer finance platform that offers installment loans, personal installment loans and other loan products, as well as online direct sales with installment payment terms. ; and Le Card, a membership platform, which offers savings, benefits and membership privileges to the food and beverage, apparel, hospitality and leisure industries.
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