Qudian (NYSE:QD) announced its quarterly earnings data on Monday. The company reported $0.47 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.02), Briefing.com reports. The business had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.20 billion. Qudian had a return on equity of 31.21% and a net margin of 44.04%. The business’s revenue for the quarter was up 34.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.32 EPS.
QD stock opened at $5.92 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.03 and a current ratio of 3.03. The stock has a market cap of $2.22 billion, a P/E ratio of 5.24 and a beta of 1.67. The firm has a 50 day simple moving average of $6.87 and a 200 day simple moving average of $7.57. Qudian has a 52 week low of $4.16 and a 52 week high of $9.20.
Several equities analysts have recently issued reports on QD shares. ValuEngine cut shares of Qudian from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. BOCOM International started coverage on shares of Qudian in a research note on Thursday, October 10th. They issued a “neutral” rating and a $6.82 price objective on the stock. TheStreet cut shares of Qudian from a “c-” rating to a “d” rating in a research note on Friday, October 18th. Finally, Zacks Investment Research cut shares of Qudian from a “hold” rating to a “sell” rating in a research note on Saturday, November 9th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Qudian presently has a consensus rating of “Hold” and a consensus price target of $7.33.
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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