CNFinance Holdings Limited (NYSE:CNF – Free Report) – Equities researchers at Greenridge Global cut their Q2 2024 earnings per share estimates for shares of CNFinance in a research note issued to investors on Tuesday, April 23rd. Greenridge Global analyst W. Gregozeski now expects that the company will post earnings of $0.11 per share for the quarter, down from their previous estimate of $0.14. The consensus estimate for CNFinance’s current full-year earnings is $0.56 per share. Greenridge Global also issued estimates for CNFinance’s Q3 2024 earnings at $0.11 EPS and FY2024 earnings at $0.50 EPS.
CNFinance Stock Down 0.8 %
NYSE:CNF opened at $1.84 on Wednesday. The firm has a market capitalization of $125.84 million, a price-to-earnings ratio of 5.92 and a beta of 0.05. CNFinance has a twelve month low of $1.53 and a twelve month high of $4.10. The stock’s 50 day moving average price is $2.06 and its two-hundred day moving average price is $2.26. The company has a quick ratio of 436.32, a current ratio of 532.61 and a debt-to-equity ratio of 2.22.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in CNFinance stock. Avantax Advisory Services Inc. purchased a new position in shares of CNFinance Holdings Limited (NYSE:CNF – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 10,321 shares of the company’s stock, valued at approximately $39,000.
CNFinance Company Profile
CNFinance Holdings Limited, through its subsidiaries, provides home equity loan services in the People's Republic of China. It offers micro credit loan services for micro and small-enterprise owners; and loan lending agency services for financial institutions. The company provides bridge loan products, which are unsecured short-term loans to pay off borrowers' existing loans secured by real property.
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