Wall Street brokerages expect LexinFintech Holdings Ltd – (NASDAQ:LX) to report earnings per share of $0.56 for the current quarter, according to Zacks. Zero analysts have issued estimates for LexinFintech’s earnings. LexinFintech reported earnings per share of $0.58 in the same quarter last year, which would suggest a negative year over year growth rate of 3.4%. The company is scheduled to issue its next earnings report on Thursday, March 12th.
On average, analysts expect that LexinFintech will report full year earnings of $1.99 per share for the current financial year, with EPS estimates ranging from $1.93 to $2.04. For the next financial year, analysts expect that the firm will report earnings of $2.35 per share, with EPS estimates ranging from $2.31 to $2.39. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover LexinFintech.
LexinFintech (NASDAQ:LX) last issued its quarterly earnings results on Monday, November 18th. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. The company had revenue of $446.02 million for the quarter. LexinFintech had a return on equity of 52.47% and a net margin of 26.99%.
A number of large investors have recently added to or reduced their stakes in LX. Maverick Capital Ltd. boosted its position in shares of LexinFintech by 44.3% in the 3rd quarter. Maverick Capital Ltd. now owns 432,544 shares of the company’s stock valued at $4,338,000 after purchasing an additional 132,784 shares during the period. Millennium Management LLC boosted its position in shares of LexinFintech by 310.7% in the 3rd quarter. Millennium Management LLC now owns 396,540 shares of the company’s stock valued at $3,977,000 after purchasing an additional 299,997 shares during the period. Man Group plc boosted its position in shares of LexinFintech by 210.1% in the 3rd quarter. Man Group plc now owns 2,405,692 shares of the company’s stock valued at $24,129,000 after purchasing an additional 1,629,899 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of LexinFintech in the 3rd quarter valued at $112,000. Finally, Stifel Financial Corp boosted its position in shares of LexinFintech by 76.0% in the 3rd quarter. Stifel Financial Corp now owns 96,863 shares of the company’s stock valued at $970,000 after purchasing an additional 41,813 shares during the period. 18.96% of the stock is currently owned by hedge funds and other institutional investors.
Shares of LX traded down $1.02 during trading hours on Wednesday, reaching $14.00. 162,848 shares of the company’s stock traded hands, compared to its average volume of 2,258,294. The firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of 6.70, a P/E/G ratio of 0.36 and a beta of 2.06. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.71 and a quick ratio of 1.69. LexinFintech has a twelve month low of $8.43 and a twelve month high of $16.93. The business’s fifty day simple moving average is $13.56 and its two-hundred day simple moving average is $11.58.
LexinFintech Holdings Ltd., through its subsidiaries, operates as an online consumer finance platform for young adults in the People's Republic of China. The company operates Fenqile.com, a retail and online consumer finance platform that offers installment purchase loans, personal installment loans, and other loan products, as well as provides online direct sales with installment payment terms.
Featured Story: Golden Cross
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for LexinFintech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LexinFintech and related companies with MarketBeat.com's FREE daily email newsletter.