Bitauto (NYSE:BITA) will be issuing its quarterly earnings data before the market opens on Tuesday, February 27th. Analysts expect the company to announce earnings of $0.25 per share for the quarter.
Bitauto (NYSE:BITA) last issued its earnings results on Monday, November 20th. The information services provider reported ($1.32) EPS for the quarter. The firm had revenue of $351.47 million during the quarter. Bitauto had a negative return on equity of 2.10% and a negative net margin of 11.69%. On average, analysts expect Bitauto to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Bitauto (BITA) opened at $30.43 on Tuesday. The company has a market capitalization of $2,180.00, a P/E ratio of -10.71 and a beta of 2.78. Bitauto has a 12-month low of $18.04 and a 12-month high of $54.42.
BITA has been the subject of several research reports. BidaskClub lowered Bitauto from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 28th. Morgan Stanley started coverage on Bitauto in a report on Wednesday, December 13th. They issued an “overweight” rating on the stock. Zacks Investment Research raised Bitauto from a “sell” rating to a “buy” rating and set a $56.00 price target on the stock in a report on Tuesday, October 24th. ValuEngine downgraded Bitauto from a “hold” rating to a “sell” rating in a report on Friday, December 15th. Finally, Citigroup started coverage on Bitauto in a report on Tuesday, January 2nd. They issued a “buy” rating and a $40.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. Bitauto currently has a consensus rating of “Buy” and a consensus price target of $43.00.
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Bitauto Holdings Limited is a provider of Internet content and marketing services for China’s automotive industry. The Company’s bitauto.com and taoche.com Websites provide consumers with information on new and used automobile pricing, and promotional information, specifications, reviews and consumer feedback.
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