PPDAI Group (PPDF) Announces Earnings Results

PPDAI Group (NYSE:PPDF) issued its quarterly earnings results on Thursday. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.12, Morningstar.com reports. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. PPDAI Group had a return on equity of 25.97% and a net margin of 29.39%. PPDAI Group’s revenue for the quarter was up 34.6% on a year-over-year basis. During the same quarter in the prior year, the business posted ($5.82) earnings per share.

NYSE PPDF opened at $4.98 on Friday. The company has a market capitalization of $1.44 billion, a PE ratio of -2.54 and a beta of 1.65. PPDAI Group has a 1-year low of $2.85 and a 1-year high of $8.45.

The company also recently announced a special dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 5th will be given a $0.0283 dividend. The ex-dividend date of this dividend is Thursday, April 4th.

A number of equities analysts have issued reports on PPDF shares. ValuEngine upgraded PPDAI Group from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Zacks Investment Research upgraded PPDAI Group from a “hold” rating to a “buy” rating and set a $3.75 price target on the stock in a research report on Tuesday, February 12th. Finally, Morgan Stanley began coverage on PPDAI Group in a research report on Tuesday, December 11th. They issued a “weight” rating and a $6.00 target price on the stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new position in shares of PPDAI Group in the third quarter valued at approximately $214,000. Regents of The University of California lifted its position in shares of PPDAI Group by 15.5% in the fourth quarter. Regents of The University of California now owns 333,438 shares of the company’s stock valued at $1,200,000 after acquiring an additional 44,704 shares in the last quarter. Hershey Trust Co. lifted its position in shares of PPDAI Group by 52.0% in the fourth quarter. Hershey Trust Co. now owns 279,080 shares of the company’s stock valued at $1,005,000 after acquiring an additional 95,534 shares in the last quarter. FMR LLC purchased a new position in shares of PPDAI Group in the third quarter valued at approximately $16,766,000. Finally, Legal & General Group Plc purchased a new position in shares of PPDAI Group in the third quarter valued at approximately $35,000. Institutional investors and hedge funds own 9.81% of the company’s stock.

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PPDAI Group Company Profile

PPDAI Group Inc, an investment holding company, operates an online consumer finance marketplace through its platform in the People's Republic of China. It provides services to match borrowers with investors and facilitate loan transactions on its marketplace through the lifecycle of loans. The company offers standard and other loan products; and investment services to investors.

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Earnings History for PPDAI Group (NYSE:PPDF)

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