Analysts Expect X Financial (NYSE:XYF) Will Post Earnings of $0.12 Per Share
Wall Street brokerages expect X Financial (NYSE:XYF) to report $0.12 earnings per share (EPS) for the current quarter, according to Zacks. Zero analysts have issued estimates for X Financial’s earnings. X Financial reported earnings of $0.26 per share during the same quarter last year, which indicates a negative year over year growth rate of 53.8%. The firm is expected to report its next earnings results on Monday, March 16th.
On average, analysts expect that X Financial will report full year earnings of $0.77 per share for the current fiscal year. For the next year, analysts expect that the firm will post earnings of $0.29 per share. Zacks’ EPS calculations are an average based on a survey of research analysts that that provide coverage for X Financial.
X Financial (NYSE:XYF) last posted its quarterly earnings results on Wednesday, November 20th. The company reported $0.11 earnings per share for the quarter. X Financial had a net margin of 26.99% and a return on equity of 23.27%. The business had revenue of $121.26 million for the quarter.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. acquired a new position in shares of X Financial in the fourth quarter worth $478,000. Renaissance Technologies LLC increased its stake in shares of X Financial by 62.5% in the fourth quarter. Renaissance Technologies LLC now owns 216,651 shares of the company’s stock worth $366,000 after acquiring an additional 83,337 shares during the last quarter. Prudential Financial Inc. bought a new stake in X Financial in the fourth quarter worth $31,000. State Street Corp boosted its holdings in X Financial by 14.5% in the third quarter. State Street Corp now owns 118,871 shares of the company’s stock worth $270,000 after purchasing an additional 15,041 shares in the last quarter. Finally, Vanguard Group Inc. bought a new stake in X Financial in the second quarter worth $67,000. 1.52% of the stock is currently owned by institutional investors and hedge funds.
X Financial Company Profile
X Financial provides personal finance services in the People's Republic of China. The company offers a suite of products connecting borrowers and investors through a proprietary Internet platform. It provides loan products, which include Xiaoying card loan and Xiaoying preferred loan; and investment opportunities through wealth management platform, Xiaoying wealth management with insurance protection.
Read More: How big is the FinTech market?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for X Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for X Financial and related companies with MarketBeat.com's FREE daily email newsletter.