Qudian (NYSE:QD) announced its earnings results on Wednesday. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.44, Fidelity Earnings reports. Qudian had a return on equity of 33.49% and a net margin of 44.87%. The firm had revenue of $277.45 million during the quarter.
Shares of QD traded up $0.07 during trading hours on Thursday, reaching $1.43. 10,019,749 shares of the company’s stock traded hands, compared to its average volume of 9,096,234. The stock has a market cap of $361.66 million, a PE ratio of 0.75 and a beta of 1.36. The company has a current ratio of 4.48, a quick ratio of 4.48 and a debt-to-equity ratio of 0.23. The firm’s 50 day simple moving average is $2.43 and its 200-day simple moving average is $4.98. Qudian has a 12 month low of $1.34 and a 12 month high of $9.20.
Several equities research analysts recently weighed in on the company. Credit Suisse Group lowered Qudian from an “outperform” rating to a “neutral” rating and set a $4.03 price objective for the company. in a report on Wednesday, January 22nd. Morgan Stanley lowered Qudian from an “overweight” rating to an “equal weight” rating and set a $3.80 price objective for the company. in a report on Tuesday, January 21st. Needham & Company LLC reissued a “hold” rating on shares of Qudian in a report on Sunday, January 19th. Citigroup lowered Qudian to a “hold” rating in a report on Tuesday, February 4th. Finally, Zacks Investment Research lowered Qudian from a “hold” rating to a “strong sell” rating in a report on Saturday, January 25th. Four equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Qudian presently has a consensus rating of “Hold” and a consensus price target of $5.81.
Qudian Inc provides online small consumer credit products in the People's Republic of China. It uses big data-enabled technologies, including artificial intelligence and machine learning to transform the consumer finance experience. The company offers small credit products, such as cash credit products; merchandise credit products to finance borrowers' direct purchase of merchandise offered on its marketplace on installment basis; and budget auto financing products.
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