Zacks: Analysts Expect Bitauto Hldg Ltd (BITA) to Post $0.15 EPS

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Equities research analysts forecast that Bitauto Hldg Ltd (NYSE:BITA) will announce $0.15 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Bitauto’s earnings. Bitauto reported earnings per share of $0.13 during the same quarter last year, which would suggest a positive year-over-year growth rate of 15.4%. The firm is scheduled to announce its next earnings results before the market opens on Thursday, May 30th.

On average, analysts expect that Bitauto will report full year earnings of $1.76 per share for the current fiscal year, with EPS estimates ranging from $1.62 to $1.89. For the next year, analysts anticipate that the company will post earnings of $2.14 per share, with EPS estimates ranging from $1.95 to $2.32. Zacks’ earnings per share averages are an average based on a survey of analysts that follow Bitauto.

Bitauto (NYSE:BITA) last issued its quarterly earnings data on Tuesday, March 19th. The information services provider reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.01. The firm had revenue of $453.70 million during the quarter, compared to analysts’ expectations of $425.94 million. Bitauto had a negative net margin of 5.67% and a negative return on equity of 0.42%. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.12 earnings per share.

A number of analysts have recently commented on BITA shares. ValuEngine lowered shares of Bitauto from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 1st. Zacks Investment Research upgraded shares of Bitauto from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $25.20.

BITA traded up $0.25 during trading on Friday, reaching $9.97. The company had a trading volume of 569,108 shares, compared to its average volume of 793,858. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.19 and a current ratio of 1.19. Bitauto has a 12 month low of $9.46 and a 12 month high of $30.72. The firm has a market cap of $725.21 million, a P/E ratio of 7.12 and a beta of 1.04.

Large investors have recently added to or reduced their stakes in the business. Marshall Wace North America L.P. acquired a new position in shares of Bitauto in the first quarter valued at about $35,000. Intercontinental Wealth Advisors LLC acquired a new stake in Bitauto during the fourth quarter worth about $87,000. Quantamental Technologies LLC acquired a new stake in Bitauto during the first quarter worth about $90,000. Segantii Capital Management Ltd acquired a new stake in Bitauto during the first quarter worth about $92,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Bitauto during the first quarter worth about $128,000. Hedge funds and other institutional investors own 27.06% of the company’s stock.

About Bitauto

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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