Brokerages Anticipate LexinFintech Holdings Ltd – (LX) to Post $0.42 Earnings Per Share

Equities research analysts forecast that LexinFintech Holdings Ltd – (NASDAQ:LX) will announce earnings of $0.42 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for LexinFintech’s earnings. LexinFintech also reported earnings of $0.42 per share during the same quarter last year. The business is scheduled to announce its next quarterly earnings report on Friday, May 17th.

On average, analysts expect that LexinFintech will report full year earnings of $1.64 per share for the current fiscal year, with EPS estimates ranging from $1.57 to $1.71. For the next financial year, analysts anticipate that the firm will report earnings of $1.67 per share. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow LexinFintech.

LexinFintech (NASDAQ:LX) last issued its quarterly earnings data on Friday, May 17th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.19. LexinFintech had a return on equity of 58.62% and a net margin of 22.39%. The company had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter last year, the business posted $1.14 earnings per share. The firm’s revenue was up 22.0% compared to the same quarter last year.

A number of research firms have weighed in on LX. China Renaissance Securities restated a “buy” rating and set a $18.00 price target on shares of LexinFintech in a research report on Tuesday, May 14th. ValuEngine downgraded LexinFintech from a “hold” rating to a “sell” rating in a research report on Friday, April 19th. 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 report on Friday, May 10th. Finally, Zacks Investment Research upgraded LexinFintech from a “strong sell” rating to a “buy” rating and set a $11.00 price target on the stock in a research report on Saturday, February 2nd. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $14.90.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC lifted its holdings in LexinFintech by 0.6% in the first 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 during the period. Morgan Stanley lifted its holdings in LexinFintech by 2,145.0% in the first quarter. Morgan Stanley now owns 211,479 shares of the company’s stock worth $2,220,000 after buying an additional 202,059 shares during the period. Man Group plc purchased a new stake in LexinFintech in the first quarter worth about $3,270,000. Oxford Asset Management LLP purchased a new position in LexinFintech in the 1st quarter worth approximately $3,284,000. Finally, Marshall Wace LLP purchased a new position in LexinFintech in the 1st quarter worth approximately $6,044,000. 9.29% of the stock is currently owned by institutional investors.

NASDAQ LX traded down $1.19 during trading hours on Friday, reaching $11.80. 83,709 shares of the stock traded hands, compared to its average volume of 1,519,851. LexinFintech has a 1 year low of $6.48 and a 1 year high of $18.34. The company has a quick ratio of 1.28, a current ratio of 1.29 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of 7.38 and a beta of 2.33.

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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