LexinFintech (NASDAQ:LX) issued its quarterly earnings results on Thursday. The company reported $4.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $3.79, Briefing.com reports. The business had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.11 billion. LexinFintech had a net margin of 15.33% and a return on equity of 47.96%. The business’s revenue for the quarter was up 31.4% on a year-over-year basis.
NASDAQ:LX opened at $10.39 on Friday. The stock has a market capitalization of $1.84 billion, a P/E ratio of 47.23 and a beta of 2.21. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 0.13. LexinFintech has a twelve month low of $6.48 and a twelve month high of $18.60.
Several brokerages have weighed in on LX. Zacks Investment Research raised LexinFintech from a “strong sell” rating to a “buy” rating and set a $11.00 price objective for the company in a report on Saturday, February 2nd. Goldman Sachs Group raised LexinFintech from a “neutral” rating to a “buy” rating in a report on Wednesday, November 21st. ValuEngine cut LexinFintech from a “hold” rating to a “sell” rating in a research note on Monday, December 17th. Finally, Morgan Stanley started coverage on LexinFintech in a research note on Tuesday, December 11th. They issued a “weight” rating for the company. One investment analyst has rated the stock with a sell rating and three have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $14.50.
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LexinFintech Holdings Ltd., through its subsidiaries, operates as an online consumer finance platform for young adults in the People's Republic of China. The company operates Fenqile, an online consumer finance platform that offers personal installment loans, installment purchase loans, and other loan products, as well as Le Card credit line.
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