Jianpu Technology Inc – (NYSE:JT) Expected to Post Earnings of -$0.04 Per Share

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Equities analysts expect Jianpu Technology Inc – (NYSE:JT) to announce ($0.04) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Jianpu Technology’s earnings. Jianpu Technology posted earnings per share of ($0.05) during the same quarter last year, which suggests a positive year over year growth rate of 20%. The company is scheduled to issue its next earnings results on Monday, August 24th.

On average, analysts expect that Jianpu Technology will report full-year earnings of ($0.13) per share for the current fiscal year. For the next year, analysts anticipate that the firm will post earnings of ($0.07) per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Jianpu Technology.

Separately, Zacks Investment Research lowered Jianpu Technology from a “buy” rating to a “hold” rating in a research report on Friday, May 29th.

Institutional investors have recently bought and sold shares of the stock. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Jianpu Technology in the 1st quarter worth approximately $40,000. State Street Corp grew its stake in shares of Jianpu Technology by 21.9% in the 1st quarter. State Street Corp now owns 232,009 shares of the company’s stock worth $195,000 after buying an additional 41,648 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Jianpu Technology by 13.2% in the 4th quarter. Renaissance Technologies LLC now owns 1,412,073 shares of the company’s stock worth $2,104,000 after buying an additional 164,678 shares during the last quarter. Finally, Morgan Stanley grew its stake in shares of Jianpu Technology by 1.3% in the 1st quarter. Morgan Stanley now owns 10,929,543 shares of the company’s stock worth $9,181,000 after buying an additional 139,140 shares during the last quarter. Institutional investors own 18.41% of the company’s stock.

Shares of NYSE:JT traded down $0.00 during midday trading on Monday, reaching $0.65. 145,700 shares of the company traded hands, compared to its average volume of 167,115. Jianpu Technology has a 12 month low of $0.60 and a 12 month high of $4.13. The firm has a market capitalization of $108.96 million, a price-to-earnings ratio of -2.09 and a beta of 1.05. The firm’s fifty day moving average price is $0.76 and its two-hundred day moving average price is $1.03.

About Jianpu Technology

Jianpu Technology Inc operates a platform that provides online discovery and recommendation services for financial products in the People's Republic of China. Its platform allows users to access to financial products, including consumer and other loans, credit cards, and wealth management products.

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