Wall Street stockbrokers expect LexinFintech Holdings Ltd. (NASDAQ:LX – received rating) to report earnings per share of $0.50 for the current fiscal quarter Zack. Zero analysts have released estimates for LexinFintech’s earnings. LexinFintech reported earnings per share of $0.53 in the same quarter last year, indicating a negative growth rate of 5.7% year over year. The company is expected to release its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect LexinFintech to report full-year earnings per share of $1.94 for the year to date. For the next year, analysts expect the company to report earnings of $2.37 per share. Zacks EPS averages are a median average based on a survey of research analysts covering LexinFintech.

LexinFintech (NASDAQ:LX- received rating) last released its quarterly earnings data on Tuesday, March 15th. The company reported earnings per share (EPS) of $1.52 for the quarter, beating the consensus estimate of $1.85 ($0.33). LexinFintech had a net margin of 20.47% and a return on equity of 32.63%. In the same period last year, the company generated earnings per share of $0.39.

LX has been the subject of a number of research analyst reports. UBS Group lowered LexinFintech from a “buy” rating to a “neutral” rating and set a price target of $4.30 for the company. in a research paper on Monday, December 20. Zacks Investment Research upgraded LexinFintech from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 12. Three equities research analysts have rated the stock with a hold rating and three have rated the company’s stock with a buy. Based on data from MarketBeat.com, the stock currently has an average rating of Buy and a consensus price target of $10.16.

Shares of LX opened at $2.82 on Friday. LexinFintech has a 52-week low of $1.90 and a 52-week high of $13.62. The company has a debt to equity ratio of 0.32, a quick ratio of 1.63 and a current ratio of 1.63. The company has a market cap of $513.35 million, a P/E of 1.60 and a beta of 0.83. The stock has a 50-day moving average price of $3.30 and a 200-day moving average price of $4.41.

Several hedge funds have recently changed their holdings of LX. Millennium Management LLC increased its ownership of LexinFintech shares by 829.0% in the fourth quarter. Millennium Management LLC now owns 1,183,617 shares of the Company’s stock valued at $4,569,000 after purchasing an additional 1,056,215 shares during the period. Norges Bank acquired a new position in LexinFintech stock valued at approximately $3,542,000 during the fourth quarter. Marshall Wace LLP increased its ownership of LexinFintech shares by 99.8% during the fourth quarter. Marshall Wace LLP now owns 1,559,884 shares of the Company’s shares valued at $6,022,000 after purchasing an additional 779,220 shares during the period. Alan B. Lancz & Associates Inc. acquired a new position in LexinFintech stock valued at approximately $2,002,000 during the fourth quarter. Finally, Gold Dragon Worldwide Asset Management Ltd acquired a new position in LexinFintech valued at approximately $2,761,000 during the third quarter. 24.01% of the shares are owned by institutional investors and hedge funds.

About LexinFintech (received rating)

Lexinfintech Holdings Ltd. engages in the provision of online consumer finance platforms. Through its subsidiaries, it offers online direct sales with installment terms; installment loan; and personal installment loans. Its services are offered through its online consumer finance platform www.fenqile.com; and mobile application.

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