LexinFintech (NASDAQ:LX) released its quarterly earnings results on Tuesday. The company reported $2.87 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $2.31, Briefing.com reports. The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.06 billion. LexinFintech had a net margin of 26.99% and a return on equity of 52.47%. The company’s revenue for the quarter was up 50.4% compared to the same quarter last year. During the same period in the previous year, the business earned $4.02 earnings per share.
Shares of LexinFintech stock opened at $9.27 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.71 and a quick ratio of 1.69. The firm has a 50 day simple moving average of $11.46 and a 200 day simple moving average of $11.92. LexinFintech has a fifty-two week low of $7.92 and a fifty-two week high of $16.93. The firm has a market cap of $1.43 billion, a P/E ratio of 4.44, a P/E/G ratio of 0.20 and a beta of 1.96.
A number of equities research analysts recently commented on LX shares. Zacks Investment Research lowered LexinFintech from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. ValuEngine lowered LexinFintech from a “sell” rating to a “strong sell” rating in a research note on Saturday, March 14th. China Renaissance Securities cut LexinFintech from a “buy” rating to a “hold” rating and decreased their target price for the stock from $18.00 to $12.00 in a report on Friday, March 6th. Finally, BidaskClub lowered LexinFintech from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. LexinFintech currently has an average rating of “Hold” and a consensus target price of $14.99.
LexinFintech Holdings Ltd., through its subsidiaries, operates as an online consumer finance platform for young adults in the People's Republic of China. The company operates Fenqile.com, a retail and online consumer finance platform that offers installment purchase loans, personal installment loans, and other loan products, as well as provides online direct sales with installment payment terms.
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