Analysts Expect Uxin Ltd (UXIN) Will Post Earnings of -$0.19 Per Share

Wall Street brokerages predict that Uxin Ltd (NASDAQ:UXIN) will announce ($0.19) earnings per share for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Uxin’s earnings. The company is scheduled to report its next quarterly earnings report on Thursday, March 14th.

According to Zacks, analysts expect that Uxin will report full year earnings of ($0.23) per share for the current year, with EPS estimates ranging from ($0.29) to ($0.16). For the next year, analysts expect that the company will report earnings of $0.57 per share, with EPS estimates ranging from $0.49 to $0.64. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Uxin.

UXIN has been the topic of several recent research reports. Zacks Investment Research raised shares of Uxin from a “hold” rating to a “buy” rating and set a $5.00 target price on the stock in a research note on Friday, November 23rd. ValuEngine lowered shares of Uxin from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. Goldman Sachs Group lowered shares of Uxin from a “buy” rating to a “neutral” rating and raised their target price for the company from $9.10 to $9.30 in a research note on Friday, December 21st. Credit Suisse Group initiated coverage on shares of Uxin in a research note on Tuesday. They issued an “outperform” rating and a $7.70 target price on the stock. Finally, JPMorgan Chase & Co. raised shares of Uxin from a “neutral” rating to an “overweight” rating and reduced their target price for the company from $7.40 to $7.00 in a research note on Thursday, January 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $7.50.



Hedge funds and other institutional investors have recently modified their holdings of the company. Hsbc Holdings PLC bought a new position in Uxin during the 4th quarter worth approximately $68,000. Two Sigma Securities LLC bought a new position in Uxin during the 4th quarter worth approximately $69,000. Two Sigma Investments LP bought a new position in Uxin during the 4th quarter worth approximately $72,000. Blueshift Asset Management LLC bought a new position in Uxin during the 4th quarter worth approximately $87,000. Finally, Bank of America Corp DE boosted its stake in Uxin by 4,464.8% during the 4th quarter. Bank of America Corp DE now owns 21,500 shares of the company’s stock worth $105,000 after acquiring an additional 21,029 shares during the last quarter. 39.91% of the stock is currently owned by institutional investors.

NASDAQ:UXIN traded up $0.17 during mid-day trading on Friday, reaching $3.96. 4,563,630 shares of the company were exchanged, compared to its average volume of 6,690,515. Uxin has a 12 month low of $2.81 and a 12 month high of $10.49. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.65 and a quick ratio of 1.65.

About Uxin

Uxin Limited, through its subsidiaries, operates an used car e-commerce platform in China. It operates Uxin Used Car, an application that provides consumers with customized car recommendation, financing, title transfer, delivery, insurance referral, warranty and other related services; and Uxin Auction, an application that helps business buyers to source vehicles through online auctions.

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