Brokerages Expect PPDAI Group Inc – (PPDF) to Post $0.24 EPS

Shares of PPDAI Group Inc – (NYSE:PPDF) have received an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.

Analysts have set a 1 year consensus price target of $5.50 for the company and are expecting that the company will post $0.24 EPS for the current quarter, according to Zacks. Zacks has also given PPDAI Group an industry rank of 216 out of 256 based on the ratings given to related companies.

A number of research analysts recently issued reports on the company. TheStreet upgraded PPDAI Group from a “d+” rating to a “c-” rating in a research note on Friday, May 3rd. ValuEngine upgraded PPDAI Group from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, Zacks Investment Research downgraded PPDAI Group from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd.

Hedge funds have recently made changes to their positions in the business. FMR LLC grew its stake in shares of PPDAI Group by 65.3% in the 4th quarter. FMR LLC now owns 5,151,344 shares of the company’s stock valued at $18,545,000 after purchasing an additional 2,035,066 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of PPDAI Group in the 3rd quarter valued at approximately $214,000. Regents of The University of California grew its stake in shares of PPDAI Group by 15.5% in the 4th quarter. Regents of The University of California now owns 333,438 shares of the company’s stock valued at $1,200,000 after purchasing an additional 44,704 shares during the last quarter. Hershey Trust Co. grew its stake in shares of PPDAI Group by 52.0% in the 4th quarter. Hershey Trust Co. now owns 279,080 shares of the company’s stock valued at $1,005,000 after purchasing an additional 95,534 shares during the last quarter. Finally, Legal & General Group Plc purchased a new position in shares of PPDAI Group in the 3rd quarter valued at approximately $35,000. Institutional investors own 9.73% of the company’s stock.

PPDF opened at $5.67 on Friday. PPDAI Group has a one year low of $2.85 and a one year high of $8.45. The stock has a market capitalization of $1.81 billion, a PE ratio of 5.06 and a beta of 1.99.

PPDAI Group (NYSE:PPDF) last released its quarterly earnings results on Thursday, March 14th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.12. The firm 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 48.37% and a net margin of 57.23%. The firm’s quarterly revenue was up 34.6% compared to the same quarter last year. During the same quarter last year, the business posted ($5.82) EPS. As a group, sell-side analysts forecast that PPDAI Group will post 0.97 earnings per share for the current year.

The company also recently declared a special dividend, which was paid on Friday, April 26th. Investors of record on Friday, April 5th were paid a dividend of $0.0283 per share. The ex-dividend date of this dividend was Thursday, April 4th. PPDAI Group’s dividend payout ratio is presently 15.18%.

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, handy cash, consumption, and other loan products; and investment services to investors and institutional funding partners.

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