$0.56 EPS Expected for LexinFintech Holdings Ltd – (NASDAQ:LX) This Quarter

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Wall Street brokerages expect LexinFintech Holdings Ltd – (NASDAQ:LX) to announce earnings of $0.56 per share for the current quarter, according to Zacks. Zero analysts have made estimates for LexinFintech’s earnings. LexinFintech reported earnings of $0.58 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 3.4%. The firm is expected to report 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 company will post earnings of $2.35 per share, with EPS estimates ranging from $2.31 to $2.39. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover LexinFintech.

LexinFintech (NASDAQ:LX) last released its quarterly earnings data on Monday, November 18th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.01. The business 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%.

Several equities analysts have recently weighed in on LX shares. BidaskClub cut LexinFintech from a “buy” rating to a “hold” rating in a report on Thursday. ValuEngine upgraded shares of LexinFintech from a “strong sell” rating to a “sell” rating in a research report on Monday, November 4th. Finally, Zacks Investment Research downgraded shares of LexinFintech from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $15.99.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC grew its stake in shares of LexinFintech by 0.6% in the 1st quarter. FMR LLC now owns 3,805,887 shares of the company’s stock valued at $39,961,000 after buying an additional 23,831 shares during the period. Parametric Portfolio Associates LLC purchased a new stake in shares of LexinFintech in the 2nd quarter valued at approximately $331,000. Invesco Ltd. grew its stake in shares of LexinFintech by 7.3% in the 2nd quarter. Invesco Ltd. now owns 116,506 shares of the company’s stock valued at $1,300,000 after buying an additional 7,972 shares during the period. Royal Bank of Canada purchased a new stake in shares of LexinFintech in the 2nd quarter valued at approximately $56,000. Finally, Envestnet Asset Management Inc. purchased a new stake in shares of LexinFintech in the 3rd quarter valued at approximately $201,000. 21.13% of the stock is owned by institutional investors.

LX stock traded down $0.51 during midday trading on Friday, hitting $12.71. The company’s stock had a trading volume of 1,425,333 shares, compared to its average volume of 1,999,124. The company has a market cap of $2.27 billion, a PE ratio of 6.08, a P/E/G ratio of 0.32 and a beta of 2.07. LexinFintech has a 12 month low of $8.43 and a 12 month high of $16.93. The company has a current ratio of 1.71, a quick ratio of 1.69 and a debt-to-equity ratio of 0.36. The firm’s 50-day moving average is $14.11 and its 200-day moving average is $11.91.

LexinFintech Company Profile

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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