Bitauto Hldg Ltd (BITA) Expected to Announce Earnings of $0.15 Per Share

Equities analysts expect that Bitauto Hldg Ltd (NYSE:BITA) will post $0.15 earnings per share for the current quarter, Zacks reports. Zero analysts have made estimates for Bitauto’s earnings. Bitauto reported earnings per share of $0.13 in the same quarter last year, which suggests a positive year-over-year growth rate of 15.4%. The business is expected to issue its next quarterly earnings report on Wednesday, June 12th.

According to Zacks, analysts expect that Bitauto will report full year earnings of $1.76 per share for the current fiscal year, with EPS estimates ranging from $1.62 to $1.89. For the next year, analysts anticipate that the company will report earnings of $2.14 per share, with EPS estimates ranging from $1.95 to $2.32. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Bitauto.

Bitauto (NYSE:BITA) last issued its quarterly earnings results on Tuesday, March 19th. The information services provider reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.01. The business had revenue of $453.70 million for the quarter, compared to analysts’ expectations of $425.94 million. Bitauto had a negative net margin of 5.67% and a negative return on equity of 0.42%. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.12 earnings per share.

BITA has been the topic of a number of research analyst reports. Zacks Investment Research cut shares of Bitauto from a “hold” rating to a “sell” rating in a research report on Wednesday, February 6th. ValuEngine cut shares of Bitauto from a “sell” rating to a “strong sell” rating in a research report on Wednesday, February 27th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. Bitauto currently has an average rating of “Hold” and a consensus price target of $25.20.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Marshall Wace North America L.P. acquired a new stake in shares of Bitauto in the 1st quarter worth about $35,000. Intercontinental Wealth Advisors LLC acquired a new stake in shares of Bitauto in the 4th quarter worth about $87,000. Quantamental Technologies LLC acquired a new stake in shares of Bitauto in the 1st quarter worth about $90,000. Segantii Capital Management Ltd acquired a new stake in shares of Bitauto in the 1st quarter worth about $92,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Bitauto in the 1st quarter worth about $128,000. Institutional investors own 37.44% of the company’s stock.

BITA stock opened at $11.10 on Friday. The stock has a market cap of $807.41 million, a PE ratio of 7.93 and a beta of 1.04. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.46. Bitauto has a 1 year low of $10.52 and a 1 year high of $30.72.

About Bitauto

Bitauto Holdings Limited, through its subsidiaries, provides Internet content and marketing services, and transaction services for the automobile industry in the People's Republic of China. It operates in three segments: Advertising and Subscription Business, Transaction Services Business, and Digital Marketing Solutions Business.

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