Qutoutiao Inc – (NASDAQ:QTT) to Post FY2019 Earnings of ($1.53) Per Share, Jefferies Financial Group Forecasts

Qutoutiao Inc – (NASDAQ:QTT) – Research analysts at Jefferies Financial Group issued their FY2019 earnings per share (EPS) estimates for Qutoutiao in a research report issued on Wednesday, December 4th. Jefferies Financial Group analyst T. Chong anticipates that the company will earn ($1.53) per share for the year. Jefferies Financial Group has a “Buy” rating and a $3.70 price target on the stock. Jefferies Financial Group also issued estimates for Qutoutiao’s FY2020 earnings at ($0.66) EPS.

Separately, Zacks Investment Research cut Qutoutiao from a “hold” rating to a “sell” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Qutoutiao has an average rating of “Hold” and a consensus target price of $11.34.

Shares of Qutoutiao stock opened at $2.98 on Monday. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 2.47. Qutoutiao has a 12 month low of $2.56 and a 12 month high of $18.00. The business has a fifty day simple moving average of $3.36 and a 200 day simple moving average of $3.96. The stock has a market cap of $779.02 million, a PE ratio of -1.42 and a beta of 0.68.

Qutoutiao (NASDAQ:QTT) last announced its quarterly earnings data on Tuesday, December 3rd. The company reported ($3.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.40) by ($2.92). Qutoutiao had a negative return on equity of 380.12% and a negative net margin of 48.30%. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period last year, the firm earned ($2.72) earnings per share. The firm’s revenue for the quarter was up 44.0% on a year-over-year basis.

A number of large investors have recently bought and sold shares of the business. Morgan Stanley grew its stake in Qutoutiao by 2,551.6% in the second quarter. Morgan Stanley now owns 2,182,491 shares of the company’s stock valued at $8,599,000 after acquiring an additional 2,100,184 shares during the period. Krane Funds Advisors LLC acquired a new position in Qutoutiao in the second quarter valued at about $5,048,000. Fosun International Ltd acquired a new position in Qutoutiao in the second quarter valued at about $2,896,000. BlackRock Inc. acquired a new position in Qutoutiao in the second quarter valued at about $2,277,000. Finally, Matthews International Capital Management LLC acquired a new position in Qutoutiao in the second quarter valued at about $1,733,000. 5.15% of the stock is owned by hedge funds and other institutional investors.

Qutoutiao Company Profile

Qutoutiao Inc operates mobile platforms for the distribution, consumption, and sharing of light entertainment content in the People's Republic of China. The company operates Qutoutiao, a mobile application that aggregates articles and short videos from professional media and freelancers and presents customized feeds to users; and Quduopai, a mobile application that allows users to create, upload, and view videos.

Read More: What is Forex?

Earnings History and Estimates for Qutoutiao (NASDAQ:QTT)

Receive News & Ratings for Qutoutiao Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qutoutiao and related companies with MarketBeat.com's FREE daily email newsletter.