Bitauto (NYSE:BITA) posted its quarterly earnings results on Tuesday. The information services provider reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.32), Briefing.com reports. The company had revenue of $355.50 million during the quarter, compared to analyst estimates of $375.88 million. Bitauto had a negative net margin of 4.86% and a positive return on equity of 2.21%. The business’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same period last year, the company earned $0.53 EPS. Bitauto updated its Q4 2019
Pre-Market guidance to EPS.
BITA stock opened at $14.86 on Thursday. The business’s fifty day moving average is $15.24 and its 200-day moving average is $12.65. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.26. The company has a market cap of $1.12 billion, a P/E ratio of 10.61 and a beta of 0.73. Bitauto has a twelve month low of $9.46 and a twelve month high of $25.34.
A number of research analysts have recently weighed in on the company. ValuEngine raised Bitauto from a “strong sell” rating to a “sell” rating in a research note on Thursday, November 21st. Zacks Investment Research downgraded Bitauto from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Bank of America cut their price target on Bitauto from $19.00 to $16.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $19.00.
Bitauto Holdings Limited, through its subsidiaries, provides Internet content and marketing services, and transaction services for the automobile industry in the People's Republic of China. It operates in three segments: Advertising and Subscription Business, Transaction Services Business, and Digital Marketing Solutions Business.
See Also: What is the S&P/TSX Index?
Receive News & Ratings for Bitauto Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bitauto and related companies with MarketBeat.com's FREE daily email newsletter.