$0.24 EPS Expected for PPDAI Group Inc – (PPDF) This Quarter

Share on StockTwits

Equities research analysts forecast that PPDAI Group Inc – (NYSE:PPDF) will post earnings of $0.24 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have made estimates for PPDAI Group’s earnings. PPDAI Group posted earnings per share of $0.22 in the same quarter last year, which would suggest a positive year over year growth rate of 9.1%. The company is scheduled to report its next quarterly earnings results on Tuesday, May 21st.

According to Zacks, analysts expect that PPDAI Group will report full-year earnings of $0.97 per share for the current financial year. For the next financial year, analysts forecast that the company will post earnings of $0.97 per share. Zacks’ EPS averages are an average based on a survey of research analysts that that provide coverage for PPDAI Group.

PPDAI Group (NYSE:PPDF) last issued its quarterly earnings data on Thursday, March 14th. The company reported $0.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.12. PPDAI Group had a return on equity of 48.37% and a net margin of 57.23%. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the previous year, the company posted ($5.82) earnings per share. PPDAI Group’s revenue was up 34.6% compared to the same quarter last year.

Several research firms recently weighed in on PPDF. Zacks Investment Research upgraded PPDAI Group from a “hold” rating to a “buy” rating and set a $3.75 target price on the stock in a research report on Tuesday, February 12th. ValuEngine upgraded PPDAI Group from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, Morgan Stanley began coverage on PPDAI Group in a research report on Tuesday, December 11th. They set a “weight” rating and a $6.00 target price on the stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PPDF. Geode Capital Management LLC purchased a new position in shares of PPDAI Group in the fourth quarter valued at about $304,000. Greenspring Associates Inc. purchased a new position in shares of PPDAI Group in the fourth quarter valued at about $233,000. FMR LLC lifted its position in shares of PPDAI Group by 65.3% in the fourth quarter. FMR LLC now owns 5,151,344 shares of the company’s stock valued at $18,545,000 after acquiring an additional 2,035,066 shares in the last quarter. Millennium Management LLC purchased a new position in shares of PPDAI Group in the fourth quarter valued at about $327,000. Finally, Massachusetts Institute of Technology purchased a new position in shares of PPDAI Group in the fourth quarter valued at about $871,000. Institutional investors own 9.67% of the company’s stock.

Shares of PPDF opened at $4.60 on Friday. PPDAI Group has a one year low of $2.85 and a one year high of $8.45. The firm has a market capitalization of $1.47 billion, a P/E ratio of 4.11 and a beta of 1.65.

The business also recently announced a special dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 5th will be given a dividend of $0.0283 per share. The ex-dividend date of this dividend is Thursday, April 4th.

About PPDAI Group

PPDAI Group Inc, an investment holding company, operates an online consumer finance marketplace through its platform in the People's Republic of China. It provides services to match borrowers with investors and facilitate loan transactions on its marketplace through the lifecycle of loans. The company offers standard and other loan products; and investment services to investors.

Featured Article: What is the Difference Between Common Shares and Convertible Shares?

Get a free copy of the Zacks research report on PPDAI Group (PPDF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for PPDAI Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PPDAI Group and related companies with MarketBeat.com's FREE daily email newsletter.