Zacks: Brokerages Anticipate Qudian Inc – (QD) Will Post Earnings of $0.23 Per Share

Wall Street analysts forecast that Qudian Inc – (NYSE:QD) will post earnings of $0.23 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have made estimates for Qudian’s earnings. The firm is scheduled to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Qudian will report full-year earnings of $1.07 per share for the current financial year. For the next financial year, analysts expect that the firm will report earnings of $1.58 per share. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Qudian.

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A number of equities research analysts have recently issued reports on the stock. ValuEngine raised shares of Qudian from a “buy” rating to a “strong-buy” rating in a report on Tuesday, March 27th. Zacks Investment Research raised shares of Qudian from a “strong sell” rating to a “hold” rating in a research note on Friday, January 26th. Finally, Stifel Nicolaus downgraded shares of Qudian from a “buy” rating to a “hold” rating and set a $15.00 target price on the stock. in a research note on Friday, January 26th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $23.50.

Shares of Qudian stock traded down $0.57 on Friday, reaching $10.94. The stock had a trading volume of 2,112,959 shares, compared to its average volume of 2,946,229. Qudian has a 1 year low of $10.91 and a 1 year high of $35.45. The company has a market cap of $3,861.58 and a price-to-earnings ratio of 10.10. The company has a current ratio of 2.06, a quick ratio of 1.39 and a debt-to-equity ratio of 0.05.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Think Investments LP purchased a new stake in Qudian in the fourth quarter valued at approximately $125,000. Wells Fargo & Company MN purchased a new stake in Qudian in the fourth quarter valued at approximately $207,000. Alliancebernstein L.P. purchased a new stake in Qudian in the fourth quarter valued at approximately $623,000. Millennium Management LLC purchased a new stake in Qudian in the fourth quarter valued at approximately $1,025,000. Finally, Jane Street Group LLC purchased a new stake in Qudian in the fourth quarter valued at approximately $1,431,000. 7.74% of the stock is currently owned by institutional investors and hedge funds.

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Qudian Company Profile

Qudian Inc provides cash credit products, which provide funds in digital form, and merchandise credit products. The Company operates through an online platform and all the transaction are facilitated through mobile devices. Borrowers can apply for credit on their mobile phones and receive approval within a few seconds.

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