Cango (CANG) Scheduled to Post Earnings on Tuesday

Cango (NYSE:CANG) is scheduled to post its quarterly earnings results after the market closes on Tuesday, May 28th. Analysts expect Cango to post earnings of $0.16 per share for the quarter.

Cango (NYSE:CANG) last issued its quarterly earnings data on Wednesday, March 27th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.14). Cango had a return on equity of 14.26% and a net margin of 27.82%. The business had revenue of $46.71 million during the quarter. On average, analysts expect Cango to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

CANG stock traded up $0.01 on Thursday, reaching $5.66. The company’s stock had a trading volume of 5,090 shares, compared to its average volume of 3,965. Cango has a 52 week low of $5.65 and a 52 week high of $13.90. The firm has a market capitalization of $853.74 million and a price-to-earnings ratio of 18.27. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.04 and a quick ratio of 3.04.

The firm also recently disclosed a special dividend, which will be paid on Tuesday, May 28th. Investors of record on Friday, May 10th will be issued a $0.125 dividend. The ex-dividend date is Thursday, May 9th.

Separately, Zacks Investment Research raised Cango from a “sell” rating to a “hold” rating in a report on Wednesday, January 23rd.

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Cango Company Profile

Cango Inc operates an automotive transaction service platform that connects dealers, financial institutions, car buyers, and other industry participants in the People's Republic of China. It facilitates automotive financing services that include facilitating financing transactions from financial institutions to car buyers; automotive transactions between automotive wholesalers, dealers, and car buyers; and after-market services to car buyers.

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