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.
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.
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.
Featured Story: Cost of Equity
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Bitauto Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bitauto and related companies with MarketBeat.com's FREE daily email newsletter.