Equities research analysts expect Bitauto Hldg Ltd (NYSE:BITA) to post earnings per share of $0.58 for the current fiscal quarter, according to Zacks. Zero analysts have made estimates for Bitauto’s earnings. Bitauto posted earnings per share of $0.49 in the same quarter last year, which suggests a positive year-over-year growth rate of 18.4%. The business is scheduled to announce its next quarterly earnings results on Wednesday, August 28th.
On average, analysts expect that Bitauto will report full-year earnings of $1.62 per share for the current fiscal year. For the next year, analysts expect that the company will post earnings of $1.95 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Bitauto.
Bitauto (NYSE:BITA) last posted its quarterly earnings results on Thursday, May 30th. The information services provider reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.10. The firm had revenue of $407.50 million for the quarter, compared to analyst estimates of $368.34 million. Bitauto had a positive return on equity of 1.93% and a negative net margin of 3.57%. The business’s quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.13 EPS.
Several research analysts have weighed in on BITA shares. Zacks Investment Research raised Bitauto from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 23rd. ValuEngine lowered Bitauto from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 1st. Finally, Bank of America lowered their price target on Bitauto from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. Bitauto has a consensus rating of “Hold” and a consensus price target of $24.17.
NYSE:BITA opened at $10.13 on Monday. The company has a market cap of $748.50 million, a price-to-earnings ratio of 7.24 and a beta of 1.10. Bitauto has a twelve month low of $9.46 and a twelve month high of $25.79. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.29.
Several hedge funds have recently bought and sold shares of the stock. FMR LLC acquired a new position in shares of Bitauto during the 1st quarter worth approximately $13,942,000. Vanguard Group Inc. increased its holdings in shares of Bitauto by 6.0% during the 3rd quarter. Vanguard Group Inc. now owns 867,482 shares of the information services provider’s stock worth $19,952,000 after acquiring an additional 48,810 shares during the last quarter. Hsbc Holdings PLC increased its holdings in shares of Bitauto by 666.2% during the 1st quarter. Hsbc Holdings PLC now owns 766,184 shares of the information services provider’s stock worth $12,198,000 after acquiring an additional 666,180 shares during the last quarter. Perpetual Ltd increased its holdings in shares of Bitauto by 106.1% during the 1st quarter. Perpetual Ltd now owns 728,684 shares of the information services provider’s stock worth $11,601,000 after acquiring an additional 375,132 shares during the last quarter. Finally, BlackRock Inc. increased its holdings in shares of Bitauto by 0.8% during the 1st quarter. BlackRock Inc. now owns 532,380 shares of the information services provider’s stock worth $8,477,000 after acquiring an additional 4,287 shares during the last quarter. 27.87% of the stock is currently owned by institutional investors and hedge funds.
Bitauto Company Profile
Bitauto Holdings Limited, through its subsidiaries, provides Internet content and marketing services, and transaction services for the automobile industry in the People's Republic of China. It operates in three segments: Advertising and Subscription Business, Transaction Services Business, and Digital Marketing Solutions Business.
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