Qudian (NYSE:QD) released its quarterly earnings data on Wednesday. The company reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.44, Fidelity Earnings reports. The company had revenue of $277.45 million during the quarter. Qudian had a net margin of 37.03% and a return on equity of 27.35%.
Qudian stock opened at $1.88 on Friday. Qudian has a fifty-two week low of $1.21 and a fifty-two week high of $9.20. The company has a debt-to-equity ratio of 0.23, a quick ratio of 4.48 and a current ratio of 4.48. The firm has a 50 day moving average price of $2.37 and a 200 day moving average price of $4.91. The company has a market capitalization of $412.05 million, a PE ratio of 1.18 and a beta of 1.36.
A number of analysts have recently issued reports on QD shares. Zacks Investment Research downgraded shares of Qudian from a “hold” rating to a “strong sell” rating in a report on Saturday, January 25th. Citigroup downgraded shares of Qudian to a “hold” rating in a report on Tuesday, February 4th. Needham & Company LLC restated a “hold” rating on shares of Qudian in a report on Sunday, January 19th. ValuEngine downgraded shares of Qudian from a “hold” rating to a “sell” rating in a report on Friday, January 3rd. Finally, Credit Suisse Group downgraded shares of Qudian from an “outperform” rating to a “neutral” rating and set a $4.03 price target for the company. in a report on Wednesday, January 22nd. Four investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. The stock presently has an average 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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