Analysts expect LexinFintech Holdings Ltd. (NASDAQ:LX) posts EPS of $0.50

ByDavid M. Conte

Mar 26, 2022

Wall Street brokers expect LexinFintech Holdings Ltd. (NASDAQ:LX – Get a rating) to show earnings per share of $0.50 for the current fiscal quarter, according to Zacks. Zero analysts released earnings estimates for LexinFintech. LexinFintech posted earnings per share of $0.53 in the same quarter last year, suggesting a negative 5.7% year-over-year growth rate. The company is expected to release its next quarterly earnings report on Monday, January 1.

According to Zacks, analysts expect LexinFintech to report annual earnings of $1.94 per share for the current year. For next year, analysts expect the company to post earnings of $2.37 per share. Zacks EPS averages are an average average based on a survey of research analysts who cover LexinFintech.

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

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LX has been the subject of a number of research analyst reports. UBS Group downgraded LexinFintech from a “buy” rating to a “neutral” rating and set a target price of $4.30 for the company. in a research report on Monday, December 20. Zacks Investment Research upgraded LexinFintech from a “Strong Sell” rating to a “Hold” rating in a Wednesday, January 12 research report. Three equity research analysts gave the stock a hold rating and three gave the company a buy rating. 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 ratio of 0.32, a quick ratio of 1.63 and a current ratio of 1.63. The company has a market capitalization of $513.35 million, a P/E ratio 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 to LX. Millennium Management LLC increased its equity stake in LexinFintech by 829.0% in Q4. Millennium Management LLC now owns 1,183,617 shares of the company valued at $4,569,000 after purchasing an additional 1,056,215 shares during the period. Norges Bank acquired a new stock position in LexinFintech in Q4 valued at approximately $3,542,000. Marshall Wace LLP increased its holdings of LexinFintech shares by 99.8% in Q4. Marshall Wace LLP now owns 1,559,884 shares of the company valued at $6,022,000 after purchasing an additional 779,220 shares during the period. Alan B. Lancz & Associates Inc. acquired a new stock position in LexinFintech in Q4 valued at approximately $2,002,000. Finally, Gold Dragon Worldwide Asset Management Ltd acquired a new position in LexinFintech in Q3 worth approximately $2,761,000. 24.01% of the shares are held by institutional investors and hedge funds.

About Lexin Fintech (Get a rating)

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

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