Wall Street brokerages predict that LexinFintech Holdings Ltd – (NASDAQ:LX) will post earnings of $0.04 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for LexinFintech’s earnings. LexinFintech posted earnings of $0.54 per share during the same quarter last year, which would suggest a negative year over year growth rate of 92.6%. The firm is scheduled to issue its next earnings results on Friday, September 4th.

On average, analysts expect that LexinFintech will report full-year earnings of $1.40 per share for the current financial year, with EPS estimates ranging from $0.55 to $2.24. For the next financial year, analysts expect that the firm will post earnings of $2.86 per share, with EPS estimates ranging from $2.75 to $2.96. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that cover LexinFintech.

LexinFintech (NASDAQ:LX) last posted its earnings results on Thursday, June 4th. The company reported ($3.28) earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($4.23). LexinFintech had a return on equity of 21.92% and a net margin of 10.62%. The firm had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.08 billion. During the same quarter last year, the company posted $3.44 EPS. The firm’s revenue was up 40.9% on a year-over-year basis.

Several analysts recently weighed in on the company. BidaskClub upgraded LexinFintech from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. China Renaissance Securities upgraded LexinFintech from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research note on Monday, June 15th. ValuEngine upgraded LexinFintech from a “strong sell” rating to a “sell” rating in a research note on Thursday, April 30th. Nomura cut their target price on LexinFintech from $16.59 to $13.29 in a research note on Tuesday, May 26th. Finally, Nomura Securities reiterated a “buy” rating and set a $16.58 target price on shares of LexinFintech in a research note on Wednesday, March 25th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $15.46.

A number of hedge funds have recently modified their holdings of LX. FMR LLC increased its stake in LexinFintech by 0.6% in the 1st quarter. FMR LLC now owns 3,805,887 shares of the company’s stock worth $39,961,000 after buying an additional 23,831 shares in the last quarter. Principal Financial Group Inc. increased its stake in LexinFintech by 1.5% in the 4th quarter. Principal Financial Group Inc. now owns 56,029 shares of the company’s stock worth $778,000 after buying an additional 801 shares in the last quarter. Mackay Shields LLC purchased a new stake in LexinFintech in the 4th quarter worth $803,000. Citigroup Inc. increased its stake in LexinFintech by 94.4% in the 4th quarter. Citigroup Inc. now owns 48,354 shares of the company’s stock worth $672,000 after buying an additional 23,482 shares in the last quarter. Finally, Raymond James & Associates increased its stake in LexinFintech by 16.9% in the 4th quarter. Raymond James & Associates now owns 72,701 shares of the company’s stock worth $1,010,000 after buying an additional 10,504 shares in the last quarter. Institutional investors and hedge funds own 26.73% of the company’s stock.

Shares of LexinFintech stock traded up $0.12 during midday trading on Tuesday, hitting $10.63. The company had a trading volume of 1,012,700 shares, compared to its average volume of 1,817,954. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.23 and a current ratio of 1.23. The stock has a market capitalization of $1.87 billion, a P/E ratio of 11.94 and a beta of 1.46. The company has a 50 day moving average of $9.33 and a 200 day moving average of $10.88. LexinFintech has a 52-week low of $6.98 and a 52-week high of $16.93.

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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