Secoo (NASDAQ:SECO) announced its quarterly earnings results on Tuesday. The company reported $0.14 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.14, MarketWatch Earnings reports. The business had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.37 billion. Secoo had a net margin of 3.25% and a return on equity of 11.39%. Secoo’s revenue for the quarter was up 60.1% on a year-over-year basis. During the same period last year, the company posted ($0.05) EPS. Secoo updated its Q4 2018 guidance to EPS.
Shares of SECO stock opened at $10.72 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.79 and a current ratio of 2.85. The company has a market cap of $128.20 million, a price-to-earnings ratio of 14.11 and a beta of 5.44. Secoo has a 52 week low of $8.00 and a 52 week high of $15.48.
A number of hedge funds have recently made changes to their positions in SECO. FIL Ltd acquired a new stake in Secoo during the 3rd quarter worth approximately $12,557,000. Schroder Investment Management Group acquired a new stake in Secoo during the 3rd quarter worth approximately $11,667,000. Indus Capital Partners LLC acquired a new stake in shares of Secoo in the second quarter valued at approximately $3,075,000. Krane Funds Advisors LLC acquired a new stake in shares of Secoo in the second quarter valued at approximately $2,371,000. Finally, Wexford Capital LP acquired a new stake in shares of Secoo in the third quarter valued at approximately $1,881,000. Hedge funds and other institutional investors own 36.73% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This piece of content was originally reported by Dakota Financial News and is the sole property of of Dakota Financial News. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & international copyright legislation. The legal version of this piece of content can be read at https://dakotafinancialnews.com/2018/12/05/secoo-seco-releases-earnings-results-meets-expectations.html.
Secoo Company Profile
Secoo Holding Limited, through its subsidiaries, operates an integrated online and offline shopping platform in the People's Republic of China and internationally. The company provides upscale brand products and services, including bags, watches, women's and men's wear, footwear, children's wear, sportswear, cosmetics and skin care products, jewelry, accessories, automobiles, home goods, fine food and beverage products, arts, and Chinese original products, as well as lifestyle services through its Website, mobile applications, and offline experience centers.
Further Reading: Compound Interest
Receive News & Ratings for Secoo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Secoo and related companies with MarketBeat.com's FREE daily email newsletter.