Bitauto (NYSE:BITA) Posts Earnings Results, Misses Estimates By $0.32 EPS

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), 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.

About Bitauto

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.

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Earnings History for Bitauto (NYSE:BITA)

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