Wall Street brokers expect LexinFintech Holdings Ltd. (NASDAQ:LX) will report earnings of $0.29 per share for the current quarter, Zacks Investment Research reports. No analyst has made earnings estimates for LexinFintech. LexinFintech reported earnings per share of $0.39 in the same quarter last year, suggesting a negative 25.6% year-over-year growth rate. The company is expected to release its next quarterly earnings report on Thursday, March 17.
On average, analysts expect LexinFintech to report annual earnings of $2.06 per share for the current year. For next year, analysts expect the company to post earnings of $1.94 per share. Zacks Investment Research earnings per share averages are an average average based on a survey of analysts who provide coverage for LexinFintech.
LexinFintech (NASDAQ:LX) last announced its results on Wednesday, November 10. The company reported earnings per share (EPS) of $0.44 for the quarter, beating the consensus estimate of $0.30 by $0.14. LexinFintech had a return on equity of 38.73% and a net margin of 21.19%. The company had revenue of $460.75 million for the quarter.
LX has been the subject of several analyst reports. Zacks Investment Research upgraded LexinFintech from a “Strong Sell” rating to a “Hold” rating in a Wednesday, January 12, report. UBS Group downgraded LexinFintech from a “buy” rating to a “neutral” rating and set a price target of $4.30 for the company. in a report on Monday, December 20. Three investment analysts gave the stock a hold rating and three gave the company a buy rating. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $10.16.
Shares of LX opened at $3.78 on Friday. LexinFintech has a 12-month low of $2.90 and a 12-month high of $15.42. The stock has a fifty-day moving average price of $3.61 and a 200-day moving average price of $5.28. The company has a current ratio of 1.63, a quick ratio of 1.62 and a debt ratio of 0.34. The company has a market capitalization of $688.12 million, a PE ratio of 1.94 and a beta of 0.85.
A number of hedge funds have recently changed their holdings to LX. FMR LLC increased its stake in LexinFintech by 0.6% in the 1st quarter. FMR LLC now owns 3,805,887 shares of the company worth $39,961,000 after acquiring an additional 23,831 shares in the last quarter. Deutsche Bank AG bought a new stock position in LexinFintech during Q2, valued at around $255,000. BlackRock Inc. increased its stake in LexinFintech shares by 4.3% during Q2. BlackRock Inc. now owns 2,145,686 shares of the company valued at $26,285,000 after purchasing an additional 88,961 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stock position in LexinFintech during Q2 valued at approximately $123,000. Finally, JPMorgan Chase & Co. increased its stake in LexinFintech shares by 1,657.5% during Q2. JPMorgan Chase & Co. now owns 345,087 shares of the company valued at $4,227,000 after purchasing an additional 325,452 shares in the last quarter. Institutional investors hold 24.22% of the company’s shares.
About Lexin Fintech
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.
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