$0.42 EPS Expected for LexinFintech Holdings Ltd – (NASDAQ:LX) This Quarter

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Equities research analysts expect LexinFintech Holdings Ltd – (NASDAQ:LX) to announce $0.42 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have made estimates for LexinFintech’s earnings. LexinFintech also posted earnings per share of $0.42 in the same quarter last year. The company is expected to report its next quarterly earnings results on Thursday, August 22nd.

According to Zacks, analysts expect that LexinFintech will report full year earnings of $1.70 per share for the current financial year, with EPS estimates ranging from $1.57 to $1.83. For the next financial year, analysts forecast that the business will report earnings of $1.89 per share, with EPS estimates ranging from $1.67 to $2.11. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow LexinFintech.

LexinFintech (NASDAQ:LX) last announced its earnings results on Friday, May 17th. The company reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.19. The business had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.90 billion. LexinFintech had a net margin of 27.22% and a return on equity of 59.67%. The firm’s revenue was up 22.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.14 earnings per share.

A number of equities research analysts have recently weighed in on the company. ValuEngine lowered LexinFintech from a “hold” rating to a “sell” rating in a research note on Friday, April 19th. China Renaissance Securities restated a “buy” rating and set a $18.00 price target on shares of LexinFintech in a research note on Tuesday, May 14th. Zacks Investment Research upgraded LexinFintech from a “hold” rating to a “strong-buy” rating and set a $14.00 price target on the stock in a research note on Thursday, May 23rd. Finally, BNP Paribas upgraded LexinFintech from a “hold” rating to a “buy” rating and set a $12.60 price target on the stock in a research note on Friday, May 10th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $15.65.

LexinFintech stock traded down $0.11 during trading hours on Tuesday, reaching $11.92. The stock had a trading volume of 420,269 shares, compared to its average volume of 880,556. The company has a market capitalization of $1.95 billion, a P/E ratio of 7.45 and a beta of 2.00. The company has a current ratio of 1.45, a quick ratio of 1.44 and a debt-to-equity ratio of 0.04. The stock has a 50 day moving average of $11.63. LexinFintech has a 52 week low of $6.48 and a 52 week high of $14.66.

Several hedge funds have recently modified their holdings of the company. FMR LLC grew its stake in shares of LexinFintech by 0.6% during the first quarter. FMR LLC now owns 3,805,887 shares of the company’s stock worth $39,961,000 after acquiring an additional 23,831 shares during the last quarter. Marshall Wace North America L.P. purchased a new stake in LexinFintech in the first quarter valued at approximately $1,908,000. Marshall Wace LLP purchased a new stake in LexinFintech in the first quarter valued at approximately $6,044,000. TT International purchased a new stake in LexinFintech in the first quarter valued at approximately $67,505,000. Finally, Pictet Asset Management Ltd. boosted its position in LexinFintech by 21.8% in the first quarter. Pictet Asset Management Ltd. now owns 75,137 shares of the company’s stock valued at $789,000 after buying an additional 13,443 shares during the last quarter. Institutional investors and hedge funds own 15.36% of the company’s stock.

About LexinFintech

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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