Bitauto (NYSE:BITA) Releases Quarterly Earnings Results, Misses Expectations By $0.32 EPS

Bitauto (NYSE:BITA) posted its quarterly earnings data on Tuesday. The information services provider reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.32), reports. The company had revenue of $355.50 million during the quarter, compared to the consensus estimate of $375.88 million. Bitauto had a negative net margin of 6.16% and a positive return on equity of 2.58%. Bitauto’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.53 earnings per share. Bitauto updated its Q4 2019
Pre-Market guidance to EPS.

Shares of NYSE:BITA opened at $14.86 on Friday. Bitauto has a 12-month low of $9.46 and a 12-month high of $25.34. The business’s fifty day simple moving average is $15.23 and its 200-day simple moving average is $12.67. The company has a market capitalization of $1.09 billion, a PE ratio of 10.61 and a beta of 0.73. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.26.

A number of equities research analysts recently issued reports on BITA shares. Zacks Investment Research lowered Bitauto from a “hold” rating to a “sell” rating in a research note on Wednesday. ValuEngine raised Bitauto from a “strong sell” rating to a “sell” rating in a research note on Thursday, November 21st. Finally, Bank of America decreased their price target on Bitauto from $19.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. Bitauto presently has an average rating of “Hold” and an average target price of $19.00.

Bitauto Company Profile

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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Earnings History for Bitauto (NYSE:BITA)

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