LexinFintech Holdings Ltd – (NASDAQ:LX) Expected to Announce Earnings of $0.42 Per Share

Analysts predict that LexinFintech Holdings Ltd – (NASDAQ:LX) will report $0.42 earnings per share (EPS) for the current quarter, according to Zacks. Zero analysts have made estimates for LexinFintech’s earnings. LexinFintech also reported earnings of $0.42 per share in the same quarter last year. The firm is expected to issue its next quarterly earnings report on Thursday, August 22nd.

According to Zacks, analysts expect that LexinFintech will report full-year earnings of $1.70 per share for the current year, with EPS estimates ranging from $1.57 to $1.83. For the next fiscal year, analysts expect that the firm will report earnings of $1.89 per share, with EPS estimates ranging from $1.67 to $2.11. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for LexinFintech.

LexinFintech (NASDAQ:LX) last announced its quarterly earnings data on Friday, May 17th. The company reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.19. The company had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $1.90 billion. LexinFintech had a return on equity of 59.67% and a net margin of 27.22%. LexinFintech’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same period last year, the firm posted $1.14 EPS.

A number of brokerages recently weighed in on LX. Zacks Investment Research raised LexinFintech from a “hold” rating to a “strong-buy” rating and set a $14.00 price objective on the stock in a report on Thursday, May 23rd. ValuEngine cut LexinFintech from a “hold” rating to a “sell” rating in a report on Friday, April 19th. China Renaissance Securities reissued a “buy” rating and set a $18.00 price objective on shares of LexinFintech in a report on Tuesday, May 14th. Finally, BNP Paribas upgraded LexinFintech from a “hold” rating to a “buy” rating and set a $12.60 price target on the stock in a research report on Friday, May 10th. One analyst has rated the stock with a sell rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $15.65.

A number of institutional investors and hedge funds have recently bought and sold shares of LX. TT International bought a new position in LexinFintech during the 1st quarter worth approximately $67,505,000. FMR LLC grew its position in LexinFintech by 254.8% during the 4th quarter. FMR LLC now owns 3,782,056 shares of the company’s stock worth $27,420,000 after acquiring an additional 2,715,988 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd bought a new position in LexinFintech during the 1st quarter worth approximately $6,577,000. Marshall Wace LLP bought a new position in LexinFintech during the 1st quarter worth approximately $6,044,000. Finally, Renaissance Technologies LLC grew its position in LexinFintech by 1,580.7% during the 1st quarter. Renaissance Technologies LLC now owns 412,014 shares of the company’s stock worth $4,326,000 after acquiring an additional 387,500 shares during the last quarter. Institutional investors and hedge funds own 15.36% of the company’s stock.

Shares of NASDAQ LX traded down $0.33 during trading hours on Friday, reaching $10.94. 1,152,837 shares of the stock traded hands, compared to its average volume of 1,175,646. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 6.84 and a beta of 2.26. The company has a current ratio of 1.45, a quick ratio of 1.44 and a debt-to-equity ratio of 0.04. LexinFintech has a 52-week low of $6.48 and a 52-week high of $17.39.

About LexinFintech

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.

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