Xinyuan Real Estate (XIN) Announces Earnings Results
Xinyuan Real Estate (NYSE:XIN) posted its earnings results on Friday. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, RTT News reports. Xinyuan Real Estate had a return on equity of 4.48% and a net margin of 2.42%. The firm had revenue of $728.99 million for the quarter. During the same period in the previous year, the company posted $0.18 EPS.
Shares of Xinyuan Real Estate (XIN) opened at $6.55 on Friday. Xinyuan Real Estate has a 52 week low of $4.26 and a 52 week high of $8.29. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 2.36. The stock has a market capitalization of $524.91, a P/E ratio of 10.08 and a beta of 1.48.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 3.05%. Xinyuan Real Estate’s payout ratio is currently 60.00%.
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About Xinyuan Real Estate
Xinyuan Real Estate Co, Ltd. (Xinyuan) is a holding company and conducts business primarily through its operating subsidiaries in China. The Company is a real estate developer and property manager that primarily focuses on residential properties. Xinyuan is engaged in developing large scale residential projects, which consist of multiple residential buildings that include multi-layer apartment buildings, sub-high-rise apartment buildings or high-rise apartment buildings.
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